Bloomberg News

Goldman Boosts CTC Media Target Price to $12.90 From $12.30

March 01, 2012

Goldman Sachs Group Inc. (GS) raised its target price for CTC Media Inc. (CTCM), owner of Russia’s fourth- largest TV channel, to $12.90 from $12.30.

The bank also reiterated its “neutral” recommendation on the U.S.-traded stock, Moscow-based analyst Alexander Balakhnin said in an e-mailed report.

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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