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

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