JP Morgan cuts target to SEK 299 for Holmen stock

Published on 10/20/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JP Morgan lowered its target from SEK 302 on October 16, 2026. Holmen stock costs EUR 28.37 on October 20, 2026 before its October 22 report.

Analyst view and company results

JP Morgan cut its Holmen target to SEK 299 from SEK 302 on October 16, 2026.
Holmen posted SEK 689 million in operating profit at a 12.00 percent margin for January-June 2026.
Holmen stock trades at EUR 28.37 at 12:30 p.m. CEST at Lang & Schwarz on October 20, 2026.

Schwarzweiße Dokumentarfotografie von Forstarbeitern beim Holzeinschlag im Nadelwald — Schwarzweiß-Reportagefoto dokumentiert Holmen AB (SE0000171100), Forstarbeiter beim Holzeinschlag im dichten schwedischen Nadelwald, Illustration mit AI erstellt.

Holmen (SE0011090018) is preparing for its January-September report after MarketScreener reported on October 16, 2026 that JP Morgan cut its price target to SEK 299 from SEK 302 and reiterated an underweight rating. Holmen stock was trading at EUR 28.37 at Lang & Schwarz on October 20, 2026 at 12:30 p.m. CEST.

JP Morgan lowers its target

The target reduction gives investors a clear counterpoint ahead of the next operating update. JP Morgan's SEK 299 target is below the SEK 340 target that DNB Carnegie set on October 2, 2026, when it maintained a hold rating, according to MarketScreener.

What does the report need to answer?

Holmen's January-June 2026 interim report showed SEK 689 million in operating profit and a 12.00 percent operating margin, according to the company's investor information. The result followed SEK 827 million of operating profit and a 15.10 percent margin in the first quarter of 2026, making the next report important for judging whether profitability is stabilizing. Holmen also describes its business as spanning Forest, Renewable Energy, Wood Products, and Board and Paper.

Three dates frame the stock

On October 2, 2026, DNB Carnegie raised its target to SEK 340 from SEK 335. On October 9, 2026, Holmen invited investors to its press and analyst conference. On October 16, 2026, JP Morgan cut its target to SEK 299 from SEK 302, the latest of the three dated developments.

Next dates are already set

Holmen's January-September 2026 interim report is scheduled for October 22, 2026, at 7:30 a.m. CEST, followed by the press and analyst conference at 9:30 a.m. CEST. The next listed financial-calendar date is January 3, 2027, for the silent period before the year-end report.

Stock price and valuation context

Holmen's primary listing is Nasdaq Stockholm, where the finance quote showed SEK 315.80 at 10:30 a.m. UTC on October 20, 2026. The same quote showed a market capitalization of SEK 47.5 billion, with a 52-week range of SEK 293.80 to SEK 380.60. The euro quotation gives German investors a separate view of the same company.

Holmen stock was trading at EUR 28.37 at Lang & Schwarz on October 20, 2026 at 12:30 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Holmen stock.