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Article: Nordea rates "underweight" on Nordic paper and packaging industry.
- Article from:
- Nordic Business Report
- Article date:
- September 1, 2009
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NORDIC BUSINESS REPORT-1 September 2009-Nordea rates "underweight" on Nordic paper and packaging industry(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
1 September 2009 - Nordea reiterated on Tuesday its "underweight" rating on the Nordic paper and packaging sector as it sees tough price negotiations for 2010.
The broker's preferred sector players are Finnish Ahlstrom Corporation (HEL: AHL1V) and M-real Oyj (HEL: MRLBV), and Swedish Svenska Cellulosa AB (STO: SCA B).
Nordea downgraded its rating on Swedish Holmen AB (STO: HOLM B) to "hold" due to expected pressure on newsprint prices in 2010. The share price target was cut to SEK220 from ...