STOCKS NEWS EUROPE-Paper makers fall after bank cut forecasts

HELSINKI, Oct 8 (Reuters) - Shares in Europe's biggest paper makers Stora Enso and UPM-Kymmene fall after Credit Suisse cut its 2012-2014 profit forecasts for the sector.

The Swiss bank says it is now more cautious on graphic paper due to weak pricing as well as meagre progress in cost cuts.

"It appears that most companies in the sector are running paper for cash, suggesting deteriorating discipline," the bank says in an investor note.

Shares in Stora Enso, UPM and Metsa Board are all down over 2 percent on the Helsinki bourse as of 0817 GMT.

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(Reporting By Jussi Rosendahl)

((jussi.rosendahl@thomsonreuters.com)(+358 9 6805 0248)(Reuters Messaging: jussi.rosendahl.thomsonreuters.com@reuters.net))

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