Mondi plc Announces Change in Major Shareholding
Mondi plc announced a change in major shareholding as JPMorgan Chase & Co. adjusted its voting rights, crossing below the minimum threshold. This shift may affect Mondi's stakeholder dynamics and market perception. Analysts rate Mondi stock as a Sell with a £7.60 price target, citing concerns over financial performance, bearish momentum, and negative free cash flow. Mondi plc, listed on the London and Johannesburg Stock Exchanges, operates in the packaging and paper industry.
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