Stora Enso shares climbed in early trading Thursday as major Nordic brokerages reiterated their positive outlooks on the paper and packaging group, despite the company reporting a second-quarter earnings miss earlier in the week.
The market move reflects a growing divergence between short-term operational headwinds and long-term valuation metrics among analysts covering the sector.
SEB, Handelsbanken, and Inderes all maintained their buy recommendations following the release, with several firms explicitly lowering their price targets while simultaneously arguing that the stock remains undervalued relative to its peers.
The consensus view among these institutions is that the recent sell-off has created a compelling entry point for investors, decoupling the share price from the immediate quarterly disappointment.
This development aligns with a broader trend observed across European equities, where analysts are increasingly raising earnings estimates for companies that have seen significant share price declines.
The strategy focuses on identifying attractive valuation entry points ahead of the wider second-quarter earnings season, suggesting that market sentiment is shifting from pure growth chasing to value hunting in established industrial names.