Bloomberg News

Mechel ADRs Reiterated ‘Buy’ by Otkritie Brokerage in Moscow

December 07, 2011

Dec. 7 (Bloomberg) -- Otkritie brokerage reiterated its “buy” recommendation on OAO Mechel, Russia’s largest producer of steel-making coal. The 12-month target price is unchanged at $16.60, analyst Denis Gabrielik said via telephone.

--Editor: Marie-France Han

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net;

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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