UPDATE: Deutsche Bank Downgrades KapStone Paper and Packaging on Valuation

In a report published Tuesday, Deutsche Bank analyst Mark Wilde downgraded the rating on KapStone Paper and Packaging (NYSE: KS ) from Hold to Sell, but reiterated the $38.00 price target. In the report, Deutsche Bank noted, “Our call is based on valuation. The stock has rallied by ~$13/share since KapStone