HELSINKI, Oct 8 (Reuters) - Shares in Europe's biggest papermakers Stora Enso and UPM-Kymmene fallafter Credit Suisse cut its 2012-2014 profit forecasts for thesector.
The Swiss bank says it is now more cautious on graphic paperdue to weak pricing as well as meagre progress in cost cuts.
"It appears that most companies in the sector are runningpaper for cash, suggesting deteriorating discipline," the banksays in an investor note.
Shares in Stora Enso, UPM and Metsa Board are alldown over 2 percent on the Helsinki bourse as of 0817 GMT.
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(Reporting By Jussi Rosendahl)
Keywords: MARKETS EUROPE STOCKSNEWS