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Fly News Breaks for January 18, 2018
VRS
Jan 18, 2018 | 09:37 EDT
BWS Financial analyst Hamed Khorsand noted that Verso Corp. has updated its strategic alternatives plan to include the sale of the entire company and he believes it could end up with a monopolistic position in coated paper. If Verso can show the ability to generate adjusted EBITDA near the $290M level Khorsand believes it might, the stock could be valued at $29 per share, said the analyst, who keeps a Buy rating and $20 price target on Verso.
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