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Vienna Stock Exchange: Winners and Losers (2010-12-01)

Published: December 1, 2010; 13:01 · (Vindobona)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

Vienna Stock Exchange: Winners and Losers (2010-12-01) / Picture: © Vindobona.org

Immofinanz: Deutsche Bank increases the target price from € 3.50 to € 3.60. The recommendation is a “Buy”. „We believe that Immofinanz will find an optimal decision in order to refinance its convertible bond. We regard the current developments to be in a good condition.”, analysts from Deutsche Bank stated.

Goldman Sachs increases Strabag´s target price from € 21.40 to € 22.40.

Bwin´s target price has been reduced by Goldman Sachs: from € 53.30 to € 48.20. The quarter results were under the estimates. Goldman Sachs counts with higher expenses for marketing and legal consulting. Expected EBITDA for 2010 and 2011 have been reduced by 30%. However, Bwin and PartyGaming are expected to be in a good strategic position. In the medium term, the merged company will benefit from the opening of the gambling market in the US. Bwin´s merger partner PartyGaming has a lower target price from Goldman Sachs too.

Erste Bank lowered the target price for CA Immo from € 12.00 to € 11.50.

CAT oil: Erste Group moves the target price from € 8.20 to € 7.60. “Accumulate” has been retained. EPS are expected as follows: 0.34 for 2010, 0.40 for 2011, 0.61 for 2012.

UniCredit sets the target price for Raiffeisen Bank International (RBI) at € 41.50. UniCredit confirms its recommendation “Accumulate”. “The current data are promising a better outlook in the banking sector”, analysts from UniCredit mentioned. EPS are now expected as follows: € 4.02 for 2010 (+18%), € 4.21 for 2011 (-4%), € 5.20 for 2012 (-4%).

Today, ATX increased by 3.39% closing at 2,695.88.

Best Five

Bwin +7.76%
Erste Group +6.35%
RBI +5.85%
Strabag +4.28%
Voestalpine +3.63%

Worst Five

Flughafen Wien -0.48%
Intercell +0.49%
Mayr-Melnhof +0.64%
Telekom +0.65%
Wienerberger +0.82%
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