UPDATE: Deutsche Bank Maintains Buy, Raises PT to $19 on PH Glatfelter

Deutsche Bank reiterates its Buy rating on PH Glatfelter Company

and raises its price target to $19 from $18 following an investor meeting with senior company management. Deutsche Bank says, “Glatfelter is one of our favorite small cap stocks. Margins have proved remarkably stable in most businesses and the company has been disciplined in its use of cashflows to both grow/diverse the franchise and return value to shareholders. We are raising our 2012 EPS from $1.10 to $1.20.” GLT closed at $14.56 per share on Friday.