Mondi plc Announces Change in Major Shareholding by JPMorgan
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Mondi plc announced a change in major shareholding, with JPMorgan Chase & Co. adjusting its voting rights, slightly decreasing its overall voting power. This change may impact governance and strategic decisions. Analysts rate Mondi stock as a Sell with a £7.60 price target, citing concerns over declining net income and negative free cash flow. Mondi operates in the packaging and paper industry, with a market cap of £3.68B. Investors are advised to monitor the company's financial stability and market position.
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