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Fly News Breaks for November 13, 2019
VRS
Nov 13, 2019 | 08:49 EDT
B. Riley FBR analyst Jeff Van Sinderen upgraded Verso to Buy from Neutral with a price target of $24, up from $16. The analyst believes capacity exiting the system suggests a stronger second half of 2020 and a more favorable supply/demand balance in fiscal 2021 for Verso. The company continues to lead in graphic papers, and although the environment has softened, it has held price on key coated freesheet, contends Van Sinderen.
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