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Fly News Breaks for July 19, 2018
VRS
Jul 19, 2018 | 09:16 EDT
BWS Financial analyst Hamed Khorsand says investors should own his top pick Verso ahead of the company's Q2 results. The print could serve as a catalyst for the shares, which have been hovering between $20 and $22 in recent months, Khorsand tells investors in a research note titled "Sold Out Paper Not Sold Out Stock." He believes investors are waiting for confirmation of Verso's ability to generate free cash flow in the current business environment before the stock is able to realize an expanded valuation multiple. The analyst keeps a Strong Buy rating on the shares with a $32 price target.
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