Thursday, August 23, 2007

Deutsche UFG has upgraded Gazprom Neft to Buy, even as the oil producers stocks go down.

Deutsche UFG has lifted its rating on Gazprom Neft stocks from Hold to Buy, the investment banks analysts said in a note. The $4.20 target price of the stock, which Deutsche UFG analysts calculated, remained unaffected. Upside potential of Gazprom Neft stocks (that have eased in recent weeks) to the level projected by Deutsche UFG analysts reached 20%, corresponding to the Buy recommendation.

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[Source: Russian Stock Market Blog]

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