Deutsche Bank analyst Debbie Jones downgraded WestRock to Hold from Buy and lowered her price target for the shares to $42 from $51. Box price erosion and deteriorating export markets bring downside risk to estimates, Jones tells investors in a research note. Further, while shares of WestRock are undervalued relative to historical multiples, structural changes in the containerboard industry and "deteriorating" fundamentals make it hard to have conviction that the stock will re-rate in the near-term, says the analyst. Jones does not see a near-term catalyst for WestRock.