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Fly News Breaks for August 8, 2018
VRS
Aug 8, 2018 | 14:19 EDT
BWS Financial analyst Hamed Khorsand raised his FY18 adjusted EBTIDA forecast for Verso to $275M and increased his price target on the stock to $40 after the company reported second quarter results that topped his expectations. The analyst, who expects Verso will be debt free by the end of this year, believes the tight coated freesheet market and the company's recently announced price increases should enable greater profitability. He keeps a Buy rating on Verso shares.
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