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Otkritie Financial Corp. is recommending investors hold Moscow-listed shares of oil producer OAO Gazprom Neft, from previous advice to sell them.
The brokerage also raised Gazprom Neft’s target price to 150.82 rubles ($5.10), from 102.11 rubles, Otkritie analyst Alexander Burgansky wrote in an e-mailed report today.
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