VimpelCom Ltd. (VIP:US)’s U.S.-listed shares were rated hold by Nomos Bank in initial coverage.
The bank set a price target of $12.48 for stock of the company, which is the world’s sixth-largest wireless operator by subscribers, according to an e-mailed report.
VimpelCom fell 0.9 percent to $10.91 by 11:45 a.m. in New York, the lowest level since March 21.
To contact the reporter on this story: Halia Pavliva in New York at email@example.com
To contact the editor responsible for this story: Emma O’Brien at firstname.lastname@example.org