Bloomberg News

Gazprom Raised to ‘Buy’ by RMG Securities on High Energy Prices

January 31, 2012

Jan. 31 (Bloomberg) -- OAO Gazprom, world’s biggest natural gas producer, was upgraded to “buy” from “hold” by RMG Securities’ Moscow-based analyst Daria Kozlova.

The company’s 12-month target price was unchanged at $9, Kozlova said via telephone.

RMG Securities raised its recommendation on the stock because energy prices remain high so far this year, Kozlova said.

-- 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: Emma O’Brien at Eobrien6@bloomberg.net


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