UPM-Kymmene stock rises as Jefferies lifts its price target

Published on 09/23/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UPM-Kymmene stock closed at EUR 26.01 on September 22, 2026, up 2.04 percent. Jefferies raised its target from EUR 24.10 to EUR 27.55 while keeping Hold.

Papierfabrik mit Dampfschloten am Fluss, umgeben von finnischem Wald, fotorealistisch — Fotorealistische Ansicht einer Zellstofffabrik am Fluss symbolisiert UPM-Kymmene Oyj, ISIN FI0009005987, im finnischen Waldgebiet, Illustration mit AI erstellt.

UPM-Kymmene (ISIN FI0009005987) closed at EUR 26.01 on Nasdaq Helsinki on September 22, 2026, gaining 2.04 percent. Jefferies raised its price target from EUR 24.10 to EUR 27.55 while retaining a Hold rating, according to MarketScreener on September 23, 2026.

Target rises above the close

The new target is EUR 1.54 above the September 22 closing price, an implied difference of 5.92 percent based on the quoted levels. Jefferies' unchanged Hold stance therefore presents a measured view: the valuation offers room to the revised target, but the research does not amount to a bullish rating.

UPM-Kymmene stock had also gained 9.89 percent over one month and delivered a 17.36 percent one-year total shareholder return at the EUR 26.01 reference price, according to Simply Wall St on September 22, 2026. That comparison matters because the share price already stands above the EUR 24.70 fair-value figure cited in the same analysis.

WISA adds a dated catalyst

The corporate timetable provides a separate event to watch. The Finnish Financial Supervisory Authority approved a supplement to the WISA demerger and listing prospectus on September 18, 2026, while the demerger is planned for October 31, 2026 and WISA shares are expected to begin trading on November 2, 2026, as reported by Packaging News Daily on September 23, 2026.

For UPM-Kymmene shareholders, the timetable makes the planned separation a concrete valuation date rather than a broad strategic theme. The capital markets day for the future WISA Group is scheduled for September 23, 2026 at UPM's Helsinki head office, according to Inderes.

Stock remains above earlier targets

An earlier market overview put the average aggregated target at EUR 24.80 as of September 18, 2026, against a EUR 26.07 closing reference, while market capitalization was reported at EUR 15.77 billion at that level, according to Ad Hoc News on September 22, 2026. The figures show why the revised Jefferies target is relevant: it moves above both the September 18 average and the September 22 close.

The counter-factor is valuation sensitivity. Simply Wall St cited a EUR 24.70 fair-value figure below the EUR 26.01 closing price and linked the assessment to lower revenue-growth and profit-margin assumptions as well as softer pulp demand. That gap leaves the demerger timetable and operational delivery central to the next valuation debate.

UPM-Kymmene stock closes at EUR 26.01

UPM-Kymmene stock closed at EUR 26.01 on Nasdaq Helsinki on September 22, 2026, up 2.04 percent from the prior close. The revised Jefferies target of EUR 27.55 and the planned WISA listing on November 2, 2026 give the stock two clearly dated reference points.