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UPDATE: Deutsche Bank Reiterates on Wausau Paper on Revised Estimates Following Q3 Results


In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Wausau Paper Corp. (NYSE: WPP), but lowered the price target from $14.00 to $13.00.

In the report, Deutsche Bank noted, “We are revising our estimates following Wausau's Q3 results on 10/29. Wausau is pointing to a much slower than expected EBITDA ramp-up from its $220MM tissue capital program. Wausau trimmed its Q4 EBITDA guidance to $13-15MM (margin = 14-16%) from prior guidance of 16-18% (DBe currently @ 16.8% margin). The more disappointing news is a big reduction in 2014 EBITDA – from $100-108MM to $65-70MM (17-19%) with a FY14Q4 run-rate of $20-24MM. Based on lower estimates, we are trimming our PT from $14 to $13. Maintain Hold.”

Wausau Paper closed on Friday at $11.59.

Latest Ratings for WPP

Apr 2019Deutsche BankUpgradesHoldBuy
Oct 2018Pivotal ResearchUpgradesHoldBuy
Jun 2018Moffett NathansonInitiates Coverage OnNeutral

View More Analyst Ratings for WPP
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Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings


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