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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Nordic Paper Stocks Dive After Danske Downgrades

13/9 09:37


  • (PLX AI) – Nordic paper stocks were among the worst performing in the region after Danske Bank analysts downgraded several companies to sell.
  • • Holmen was down 5.8%, UPM was down 4.1%, Stora Enso was down 4%, SCA was down 4.9%
  • • Leading macro indicators and pricing for pulp and sawn timber are turning negative, Danske said
  • • This is the beginning of a down cycle in pulp prices, Danske said
  • • With Stora Enso usually the most cyclical stock in Nordic pulp and paper, it is the riskiest play in a downward cycle: Danske