Bloomberg News

Gazprom Neft Micex Stock Upgraded to Hold From Sell by Otkritie

March 13, 2012

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.

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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