Wednesday, August 8, 2007

Bear Stearns upgrades VimpelCom ADRs to $126 from $116.

Investment bank Bear Stearns has lifted its target price for American Depositary Receipts issued by Russian cellular giant VimpelCom from $116 to $126 per ADR. Meanwhile, the bank left the companys rating (Outperform) unchanged.

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[Source: Russian Stock Market Blog]

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