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Essity price target lowered to SEK 247 from SEK 252 at Jefferies

Jefferies analyst David Hayes lowered the firm’s price target on Essity (ETTYF) to SEK 247 from SEK 252 and keeps a Hold rating on the shares. The firm estimates the company’s Q1 organic sales growth at down 0.8% vs. consensus of down 0.4%, reflecting continued volume softness and pricing pressure, the analyst tells investors in a research note. With growth still muted and margin upside unlikely, expectations appear full, the firm added.

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