JPMorgan and UBS Trim Targets for Straumann, Epiroc and Stora Enso

JPMorgan reduced its price target on Swiss dental-implant maker Straumann Holding AG to CHF 125 from CHF 143, citing unspecified considerations. Separately, UBS issued two downgrades. The bank cut Swedish mining-equipment group Epiroc AB to “neutral” and trimmed its target price to SEK 200, pointing to margin pressure and slower growth prospects. UBS also lowered Finnish pulp-and-packaging producer Stora Enso Oyj to “neutral,” warning of a packaging oversupply and a subdued near-term demand outlook.