Smurfit Westrock Plc (NYSE:SW) is one of the best affordable stocks to buy with good earnings growth. Goldman Sachs initiated coverage of Smurfit Westrock Plc (NYSE:SW) with a Buy rating on March 24, setting a price target of $49. The firm stated that it started coverage of the European pulp, paper, and packaging sector, anticipating a continuation of “low-cycle conditions, most notably for the upstream names”. The firm recommends a defensive position with a preference for more downstream names.
In a separate development, Smurfit Westrock Plc (NYSE:SW) announced the completion of an asset purchase agreement of Cartomanabí, which is one of the main corrugated packaging companies in Ecuador. Management stated that the acquisition marks a strategic step forward in the company’s goal of expanding in the region, and bolsters its position as the number one corrugated supplier in Latin America. Smurfit Westrock Plc (NYSE:SW) further stated that with the paper supplied from its North American mill system, it increases its integration.
Smurfit Westrock Plc (NYSE:SW) develops and provides packaging solutions. The company’s products include corrugated sheet boards, corrugated packaging, solid boards, and hexacomb packaging.
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