Deutsche Bank Provides Color on Wausau Paper

Deutsche Bank provided color on Wausau Paper WPP. In a research report published today, the rating agency commented on reductions in the company's operations. In the report, Deutsche Bank states, “Over the past 2wks, Wausau Paper has quietly downsized the specialty paper operations centered at its Brokaw, WI mill. A total of 33 positions have been cut in the firm's color & print papers sector, with 16 of the cuts occurring in mid-July. The latest cuts have been made at the mill and in its national sales operations… The latest 16 cuts were first reported in the local Wausau-area media (Radio station, WSAU) and have been confirmed by company officials.” At the moment, Deutsche Bank has a Hold rating and a price target of $9 placed on the company's stock. On Friday, Wausau closed the day at $6.40.