Bloomberg News

Orascom Construction Raised to ‘Buy’ at Deutsche Bank on Prices

September 28, 2011

Sept. 28 (Bloomberg) -- Orascom Construction Industries, Egypt’s biggest publicly traded builder, was raised to “buy” from “hold” at Deutsche Bank AG, citing higher fertilizer prices and expectations of new contracts.

The share-price estimate was raised to 270 Egyptian pounds from 250 pounds, the bank said in a note to clients dated today.

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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