Elisa stock falls after Handelsbanken cuts its target

Published on 09/14/2026 at 20:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elisa stock slipped after Handelsbanken cut its target to EUR 35.5 from EUR 38.5 on September 14, 2026. The shares closed at EUR 36.82 on September 11, 2026.

Elisa, FI0009007832, Illustration mit AI erstellt.

Elisa stock (FI0009007832) traded at EUR 36.82 on Nasdaq Helsinki on September 11, 2026, after closing 0.33 percent higher on the session with a prior close of EUR 36.70. The move left the shares 3.84 percent above the level used in the latest analyst note.

Handelsbanken cuts target

According to Zonebourse on September 14, 2026, Svenska Handelsbanken lowered its recommendation on Elisa to Sell from Hold and cut the price target to EUR 35.5 from EUR 38.5. MarketScreener said the downgrade followed a view that weak revenue was being offset by early results from the company's transformation program.

That same day, the analyst consensus shown in the linked Zonebourse coverage put Elisa at Hold, with 19 analysts and an average target of EUR 39.60. The stock therefore traded EUR 2.78 below the consensus target and EUR 0.30 above Handelsbanken's new level.

Revenue trend stays mixed

In the MarketScreener report, Elisa was described as having weak revenue, while the transformation program was said to already show some results. The note did not attach fresh quarterly line items in the visible snippet, but it did connect the rating cut to operating momentum rather than to a single event.

For investors, the key comparison is the gap between the September 11 close of EUR 36.82 and the EUR 35.5 target. A move below that level would place the stock under Handelsbanken's new valuation call.

Close below consensus

Elisa stock ended the last completed Nasdaq Helsinki session at EUR 36.82, with the session move at +0.33 percent and the year-to-date change in the cited market snapshot at +3.84 percent. The shares also traded above the new Handelsbanken target of EUR 35.5 and below the average target of EUR 39.60.