Bloomberg News

Rosneft Cut to ‘Neutral’ From ‘Buy’ by Citi, Target Price Cut

February 09, 2012

Feb. 9 (Bloomberg) -- OAO Rosneft, Russia’s biggest oil producer, was cut to “neutral” from “buy” by Citigroup Inc., Moscow-based analyst Ronald Smith said in an emailed report.

Target price was cut to 243.73 rubles from 294.25 rubles, Citi’s Smith said.

-- Editor: Marie-France Han

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

To contact the editor responsible for this story: Emma O’Brien at

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