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WESTROCK COMPANY

(WRK)
  Report
Delayed Nyse  -  04:00 2022-09-30 pm EDT
30.89 USD   -1.56%
05:47aKeyBanc Adjusts WestRock's Price Target to $27 From $36, Reiterates Underweight Rating
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09/29Truist Securities Adjusts WestRock's Price Target to $40 From $49, Reiterates Hold Rating
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09/21WestRock Announces Conference Call to Discuss Fourth Quarter Fiscal 2022 Results
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South Carolina top court puts abortion ban on hold as it hears challenge

08/17/2022 | 04:50pm EDT
FILE PHOTO: FILE PHOTO: Women's March rally against court overturning Roe v. Wade abortion decision in Washington

(Reuters) - South Carolina's highest court on Wednesday blocked enforcement of a state law banning abortions after about six weeks of pregnancy while it considers a challenge to the law by a Planned Parenthood affiliate and other abortion providers.

In a unanimous order, the five justices of the South Carolina Supreme Court did not express any opinion on whether Planned Parenthood is ultimately likely to prevail. However, they said the ban could conflict with the state's constitution.

"At this preliminary stage, we are unable to determine with finality the constitutionality of the Act under our state's constitutional prohibition against unreasonable invasions of privacy," the court wrote.

"We applaud the court's decision to protect the people of South Carolina from this cruel law that interferes with a person's private medical decision," Planned Parenthood South Atlantic President Jenny Black said in a statement.

"While we are disappointed, it's important to point out this is a temporary injunction," said Robert Kittle, a spokesman for South Carolina Attorney General Alan Wilson. "We will continue to defend the law."

About half of U.S. states are expected to seek to restrict abortions, or have already done so, following the U.S. Supreme Court's June 24 decision to overturn its landmark 1973 ruling Roe v. Wade, which guaranteed a national right to abortion.

South Carolina in 2021 enacted a law banning abortion when a fetal heartbeat is detected, usually at around six weeks. The law was initially blocked, but allowed to take effect after the U.S. Supreme Court's June ruling.

The state also passed a law in 1974 effectively codifying Roe v. Wade, however, and the 2021 law stated that it did not repeal that earlier law. The state Supreme Court on Wednesday cited the potential conflict between the two laws as one reason for its temporary order.

(Reporting by Brendan Pierson in New York, Editing by Alexia Garamfalvi and Matthew Lewis)

By Brendan Pierson


© Reuters 2022
All news about WESTROCK COMPANY
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Analyst Recommendations on WESTROCK COMPANY
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Financials (USD)
Sales 2022 21 358 M - -
Net income 2022 956 M - -
Net Debt 2022 7 490 M - -
P/E ratio 2022 8,49x
Yield 2022 3,21%
Capitalization 7 855 M 7 855 M -
EV / Sales 2022 0,72x
EV / Sales 2023 0,67x
Nbr of Employees 49 900
Free-Float 98,7%
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Technical analysis trends WESTROCK COMPANY
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 30,89 $
Average target price 49,83 $
Spread / Average Target 61,3%
EPS Revisions
Managers and Directors
David B. Sewell President, Chief Executive Officer & Director
Alexander W. Pease Chief Financial Officer & Executive Vice President
Alan D. Wilson Non-Executive Chairman
Amir Kazmi Chief Information Officer
Colleen F. Arnold Independent Director
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