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UPDATE: Bank of America Raises PT to $8 on Wausau Paper on Concentrated Focus

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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.

Latest Ratings for WPP

DateFirmActionFromTo
Nov 2013Deutsche BankReiteratesHold
Oct 2013Deutsche BankDowngradesBuyHold
Aug 2013Bank of AmericaMaintainsUnderperform

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Posted-In: Bank of AmericaAnalyst Color Price Target Analyst Ratings

 

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