Analysts: Outstanding Forecasts For ATX

Businessn.a. ♦ Published: January 7, 2011; 03:32 ♦ (Vindobona)

According to analysts, the Austrian Stock Index ATX will continue its strong upward trend in 2011. Double-digit growth rates are expected.

Analysts: Outstanding Forecasts For ATX / Picture: ©

Good times for ATX-investors: every analyst expects the index to record substantial profits again. In their opinion, the ATX will increase stronger than most stock markets in Western Europe. Erste Group estimates growth rates amounting to 28%, Raiffeisen Centrobank sees a 19.1% upside potential and Cheuvreux believes the index to go up by 37.7%.

Austrian banks enjoy the most…