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

Bank of America reiterated Wausau Paper

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.