Verso Corp. (VRS) Should Benefit From Industry Production Cuts, Reit Strong Buy At BWS Financial

BWS Financial analyst Hamed Khorsand reiterated a Strong Buy rating and $50.00 price target on Verso Corp. (NYSE: VRS) noting that The amount of coated paper produced is expected to decline materially in the coming year and on March 18, 2019 Stora Enso confirmed it was getting out of the coated paper business. Stora Enso’s exit removes 1.1 million tons of annual production. Additionally, Lecta Paper and Igepa Italia have also announced production cuts.

The analyst stated "The news from Stora Enso is a game changer that further helps our bull case story. We would be aggressively buying VRS stock at current levels".

For an analyst ratings summary and ratings history on Verso Paper click here. For more ratings news on Verso Paper click here.

Shares of Verso Paper closed at $20.56 yesterday.

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