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Stora Enso price target raised to EUR 9.60 from EUR 8.90 at JPMorgan

JPMorgan raised the firm’s price target on Stora Enso (SEOAY) to EUR 9.60 from EUR 8.90 and keeps a Neutral rating on the shares. The firm’s conviction in pulp prices moving materially higher from here has deteriorated, the analyst tells investors in a note on the EMEA paper and packaging group.

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