Deutsche Bank Upgrades Wausau Paper (WPP) to Buy; Currently Trades at Significant Discount to the Value of its Parts

Deutsche Bank upgraded Wausau Paper (NYSE: WPP) from Hold to Buy, maintains price target of $9.00.

Deutsche analyst says, "We’re increasingly confident that the next 3-6 months will see constructive moves toward unlocking value. Starboard has boosted the size of its stake in WPP to 7.5% and increased the pressure for corporate change. We also note that Wausau is a net purchaser of ~350K mtons/yr of market pulp and 125-140K tons/yr of wastepaper. Prices of both commodities, especially pulp, are falling. This could create some earnings tailwind for Wausau."

For more ratings news on Wausau Paper click here and for the rating history of Wausau Paper click here.

Shares of Wausau Paper closed at $6.51 yesterday.

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