Veritiv (VRTV) Reports Q3 Loss of $0.91, Beats on Revenues

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Wells Fargo Downgrades Veritiv Corp (VRTV) to Market Perform

November 8, 2017 4:19 AM EST

Wells Fargo downgraded Veritiv Corp (NYSE: VRTV) from Outperform to Market Perform with a price target of $30.00 (from $40.00).

Analyst Chris Manuel says working capital is eating into 2017 cash flows noting uncollectable accounts receivable and unfavorable working cap trends are the latest... More