BNP Paribas raises target for UPM-Kymmene stock to EUR 30.00

Published on 10/13/2026 at 05:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 comparable EBIT rose 71.00 percent to EUR 212.00 million. The October 28, 2026 results date sets the next test for UPM-Kymmene stock.

Key points in brief

BNP Paribas raised its UPM-Kymmene target to EUR 30.00 from EUR 27.00 on October 9, 2026.
Second-quarter 2026 comparable EBIT rose 71.00 percent year over year to EUR 212.00 million.
The October 12, 2026 Xetra close was EUR 24.66, while market capitalization stood at EUR 13.0 billion.
UPM-Kymmene plans to complete the WISA demerger on October 31, 2026, with trading expected on November 2, 2026.

Modernes Glas- und Holzgebäude am See, umgeben von Wald, architektonische Visualisierung — Architektur-Render eines nachhaltigen Bürogebäudes am See veranschaulicht UPM-Kymmene Oyj, ISIN FI0009005987, in moderner Holzbauweise, Illustration mit AI erstellt.

BNP Paribas raised its price target for UPM-Kymmene stock from EUR 27.00 to EUR 30.00 on October 9, 2026, while reiterating its Outperform rating, according to Placera. The EUR 30.00 target is 21.75 percent above the EUR 24.66 Xetra close of October 12, 2026.

Three dates shape the story

On July 23, 2026, UPM-Kymmene released second-quarter results. Continuing operations generated comparable EBIT of EUR 212.00 million, up 71.00 percent year over year, while revenue reached EUR 2.355 billion, according to Packaging News Daily.

On September 18, 2026, the Finnish Financial Supervisory Authority approved a supplement to the WISA demerger and listing prospectus. UPM plans to complete the partial demerger on October 31, 2026, with WISA shares expected to begin trading on November 2, 2026, according to UPM-Kymmene. The latest dated event was the BNP Paribas target increase on October 9, 2026.

What does the demerger change?

The separation gives investors a distinct listing event to track alongside UPM's operating recovery. Comparable EBITDA margin for continuing operations was 15.10 percent in the second quarter of 2026, compared with 10.70 percent a year earlier, while first-half 2026 operating cash flow was EUR 225.00 million, according to Packaging News Daily. Net debt was EUR 3.313 billion at the end of the first half of 2026, making balance-sheet discipline an important counterweight to the stronger EBIT comparison.

Upcoming dates for UPM

UPM-Kymmene is scheduled to report third-quarter 2026 results on October 28, 2026, according to Affarsvaerden. The WISA demerger is planned for October 31, 2026, followed by the expected WISA listing on November 2, 2026, according to UPM-Kymmene.

UPM stock stays below its high

The October 12, 2026 Xetra close was EUR 24.66. UPM-Kymmene's 52-week range was EUR 21.72 to EUR 27.94, and its market capitalization was EUR 13.0 billion as of October 12, 2026. The company is listed as UPM.HE on Nasdaq Helsinki under ISIN FI0009005987, according to Global Banking and Finance. The further course of trading is shown by the continuously updated real-time quote of UPM-Kymmene stock.