Credit Suisse Upgrades VRS To Outperform

Credit Suisse has upgraded Verso Paper Corp. VRS from a Neutral Rating to Outperform. According to the report, "Raising Rating to Outperform: Since reporting fourth quarter results on March 3rd, Verso's share price has declined by 14%. As a result, the shares now offer 23% upside to our $6 one-year target price. On the basis of price, we are now raising our investment rating on VRS to Outperform from Neutral." VRS closed at $4.88 a share yesterday.