Jefferies analyst Philip Ng lowered the firm’s price target on Smurfit Westrock (SW) to $51 from $52 and keeps a Hold rating on the shares. In a Q3 earnings preview for the Paper & Packaging group, the firm says it expects “noisy quarters” from International Paper (IP) and Smurfit Westrock, but expects Crown Holdings (CCK), Berry Global (BERY) and Packaging Corp. (PKG) to “deliver solid results and the stocks to react favorably.”

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