Bloomberg News

Uralsib Reiterates ‘Buy’ Recommendation on Russia’s Lukoil

November 23, 2011

Nov. 23 (Bloomberg) -- Uralsib Capital reiterated its “buy” recommendation on OAO Lukoil, Russia’s second-largest oil producer, with a price target of $82 per American depositary receipt.

Uralsib estimates Lukoil’s net income rose 7 percent in the third quarter from the same period a year ago to $3 billion, Alexey Kokin, a Moscow-based analyst for Uralsib, said in an e- mailed report today. Lukoil is set to release its financial results for third quarter on Nov. 25, Uralsib said in the report.

--Editor: Brendan Walsh

To contact the reporters on this story: Halia Pavliva in New York at

To contact the editor responsible for this story: David Papadopoulos at

The Good Business Issue
blog comments powered by Disqus