UPDATE: Bank of America Raises PT to $8 on Wausau Paper on Concentrated Focus
Bank of America reiterated Wausau Paper (NYSE: WPP) with an Underperform rating and raised the price target from $6.00 to $8.00.
Bank of America said, "We've had an Underperform rating on shares of Wausau Paper given our assessment of its relative risk/reward versus other stocks in our universe. That said, we are pleased with WPP's intention to divest Paper and focus solely on Towel & Tissue given its growth profile and better market dynamics."
Wausau Paper closed at $9.77 on Monday.
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