UPDATE: Deutsche Bank Reiterates Buy, Raises PT on Wausau Paper on Speciality Paper Operations Sale Announcement

In a report published Tuesday, Deutsche Bank analyst Mark Wilde reiterated a Buy rating on Wausau Paper (NYSE: WPP), and slightly raised the price target from $13.00 to $14.00.

In the report, Deustsche Bank noted, “With Wausau Paper's recent announcement of the pending sale of its specialty paper operations for $110MM net, the company is becoming a "pure play" in tissue. This is a direction we've long advocated. The ‘New Wausau' will be squarely focused on away-from-home tissue products, a higher return and relatively stable margined business. We think Wausau could be worth $14/share on a standalone basis, based on our estimate of $110MM of EBITDA in 2015.”

Wausau Paper closed on Monday at $10.20.