UK's Mondi falls as Morgan Stanley cuts rating to 'underweight'

Mondi

12/01/2026 09:07

** Shares of British packaging and paper company Mondi MNDI.L fall 3% to 890p

** Morgan Stanley downgrades stock rating to "underweight" from "equal weight" and trims PT to 800p from 1,000p

**  "Demand has been tepid since 2022, driven by weak consumer confidence. In the absence of a recovery we don't see any significant improvement in supply/demand over the course of our investment horizon of 12-18 months," says Morgan Stanley

** Eight of 14 brokerages rate the stock "buy" or higher, four "hold" and two "sell" or lower; their median PT is 1,105p, per data compiled by LSEG

** Up to Friday's close, stock had fallen ~23% in the past 12 months

 (Reporting by Joel Jose in Bengaluru)

 ((mail to: Joeljose@thomsonreuters.com))