Vienna Stock Exchange: Winners and Losers (2011-08-22)

Businessn.a. ♦ Published: August 22, 2011; 17:42 ♦ (Vindobona)

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

Vienna Stock Exchange: Winners and Losers (2011-08-22) / Picture: © Vindobona.org

Berenberg Bank confirmed the “Buy” recommendation for Vienna Insurance Group but cut the target price from € 53.20 to € 46.70. Credit Suisse lowered from € 46.00 to € 40.30 and retained the “Neutral” rating. Earnings estimates were reduced as well. Analysts now expect EPS of € 3.40 (2011), € 3.83 (2012) and € 4.12 (2013).

Deutsche Bank cut…