Antti and Tuukka have published a company report on Stora Enso following the Q3 report 
In our view, the overall picture of Stora Enso’s Q3 report was roughly as dull as expected. The difficult market environment shows at most minor signs of picking up, and driving earnings growth on its own merits is slow at best. On an earnings basis, we do not consider Stora Enso’s share to be particularly attractively priced. Nor is the share remarkably cheap anymore relative to a sum-of-the-parts valuation that looks further ahead and reflects the likely demerger around the end of Q1’27. We therefore reiterate our EUR 10.00 target price for Stora Enso and downgrade our recommendation to Reduce (prev. Accumulate).