Vienna Stock Exchange: Winners and Losers (2011-07-22)

Vienna Stock Exchange: Winners and Losers (2011-07-22) / Picture: © Vindobona.org

ING confirmed the “Buy” recommendation for Raiffeisen Bank International, but cut the target price from € 45.20 to € 39.40. According to analysts, the bank will have to increase its capital by € 2.3bn in order to achieve a core tier I ratio of 9%. “We estimate that this level of capital requirement is already more than priced in.”

RCB initiated…