Berenberg analyst Andres Castanos-Mollor initiated coverage of Stora Enso (SEOAY) with a Hold rating and EUR 10.40 price target The firm says the current earnings weakness in the pulp and paper sector is structural, due to an ongoing Chinese overcapacity.
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Read More on SEOAY:
- Stora Enso downgraded to Neutral from Buy at UBS
- Stora Enso upgraded to Equal Weight from Underweight at Barclays
- Stora Enso price target lowered to EUR 10.40 from EUR 10.70 at Citi
- Stora Enso price target lowered to EUR 9.40 from EUR 9.60 at JPMorgan
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