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Morten Jensen
  • Morten Jensen

Discontinuing coverage

Discontinuing coverage We have discontinued coverage of UPM. Our last recommendation, target price, and estimates should not be relied upon going forward.

Paper volumes the only negative

UPM (UPM FH, Hold) - Paper volumes the only negative (15 pages)

Softness due to paper and energy

UPM (UPM FH, Hold) - Softness due to paper and energy (9 pages)

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