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Fly News Breaks for October 18, 2017
VRS
Oct 18, 2017 | 13:02 EDT
BWS Financial analyst Hamed Khorsand upgraded Verso to Strong Buy from Buy with an unchanged price target of $15. The coated paper industry has essentially become a duopoly with Verso "having the larger piece of the pie," Khorsand tells investors in an intraday research note. The analyst says his updated estimates reflect only a portion of the announced price increases. He recommends buying shares of Verso ahead of the company's Q3 results and calls the company his top pick.
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