UniCredit Sees ATX at 3,200 Points in 12 Months

Business › n.a. ♦ Published: July 22, 2011; 11:18 ♦ (Vindobona)

The bank’s analysts expect the Austrian stock index to recover within the next 6 to 12 months. Close links with Germany and Eastern Europe are seen as an advantage.

UniCredit Sees ATX at 3,200 Points in 12 Months / Picture: © Vindobona.org

While the ATX was one of the main winners in the previous year, the situation has changed: after the first six months of 2011, the Austrian stock index ranks among the worst indices in Western Europe after a decline of 9%. This is the very reason why the analysts at UniCredit expect a recovery in the next 6 to 12 months. They forecast the ATX to reach 3,200 points within the next 12…

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