Barclays analyst Pallav Mittal upgraded Stora Enso to Overweight from Underweight with a price target of EUR 14, up from EUR 10. If Stora can transact forest assets at book value or higher, it would imply upside risks to forest valuation, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEOAY:
- Stora Enso downgraded to Neutral from Overweight at JPMorgan
- Stora Enso price target lowered to EUR 10 from EUR 11 at Barclays