UPM-Kymmene Oyj (OTCMKTS:UPMMY) Cut to “Sell” at UBS Group

UPM-Kymmene Oyj (OTCMKTS:UPMMYGet Rating) was downgraded by analysts at UBS Group from a “neutral” rating to a “sell” rating in a research note issued on Friday, The Fly reports.

Several other brokerages also recently weighed in on UPMMY. Citigroup lifted their target price on UPM-Kymmene Oyj to €45.00 ($48.39) in a research note on Friday, December 2nd. Jefferies Financial Group lowered shares of UPM-Kymmene Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Finally, Morgan Stanley cut shares of UPM-Kymmene Oyj from an “equal weight” rating to an “underweight” rating in a research note on Thursday, October 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.60.

UPM-Kymmene Oyj Price Performance

OTCMKTS UPMMY opened at $36.27 on Friday. UPM-Kymmene Oyj has a 52-week low of $27.85 and a 52-week high of $40.84. The business’s 50-day moving average price is $36.86 and its 200 day moving average price is $34.20.

About UPM-Kymmene Oyj

(Get Rating)

UPM-Kymmene Oyj engages in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for the petrochemical industry.

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