In a report released yesterday, Brian Morgan from Morgan Stanley maintained a Hold rating on Stora Enso Oyj, with a price target of €10.00. The company’s shares closed yesterday at €8.90.
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According to TipRanks, Morgan is a 2-star analyst with an average return of 3.3% and a 56.25% success rate. Morgan covers the Basic Materials sector, focusing on stocks such as Mondi plc, Stora Enso Oyj, and UPM Kymmene.
In addition to Morgan Stanley, Stora Enso Oyj also received a Hold from Barclays’s Pallav Mittal in a report issued on October 8. However, today, Citi maintained a Buy rating on Stora Enso Oyj (LSE: 0CXC).
Based on Stora Enso Oyj’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €2.43 billion and a net profit of €24 million. In comparison, last year the company earned a revenue of €2.3 billion and had a net profit of €44 million
Read More on GB:0CXC:
Disclaimer & DisclosureReport an Issue
- Stora Enso price target lowered to EUR 10.10 from EUR 10.40 at Citi
- Stora Enso upgraded to Neutral from Underperform at BNP Paribas Exane
- Stora Enso price target raised to EUR 11 from EUR 10.50 at Morgan Stanley
- Stora Enso initiated with a Hold at Berenberg
- Stora Enso downgraded to Neutral from Buy at UBS
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