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Vienna Stock Exchange: Winners and Losers (2011-10-11)

Published: October 11, 2011; 15:17 · (Vindobona)

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

Vienna Stock Exchange: Winners and Losers (2011-10-11) / Picture: © Vindobona.org

OMV: Macquarie cut the price target from € 33.00 to € 25.00. The rating moves from “Neutral” to “Underperform”. UniCredit´s rating for OMV is still a “Hold”. The target price is unchanged at € 30.00. Barclays rating (“Underweight”) has been retained.

Vienna Airport: JP Morgan reiterated the “Underweight” rating. The price target goes from € 42.50 to € 34.00. Goldman Sachs lowered the target price from € 35.00 to € 34.00 and retained the “Buy” rating. SocGen confirmed the “Buy” recommendation for Vienna Airport. The target price has been cut from € 23.00 to € 22.50.

Citigroup lowered the target price for voestalpine from € 40.00 to € 38.00. The “Buy” recommendation has been confirmed. Citigroup expects the following EPS: € 3.46 (after € 3.79) for 2011/12, € 3.56 (after € 3.92) for 2012/13 and € 3.86 (after € 3.95) for 2013/14.

Erste Group: Citigroup keeps the “Buy” recommendation. However, the price target goes from € 29.00 to € 23.00. “In 2011, Erste Group will be unable to generate new equity through retaining profits. We estimate that the bank will only achieve a core capital quota of 7.3% in 2012. Equity will have to be raised by about € 955m at the end of 2012. Ecpected EPS have been lowered substantially: € -2.65 in 2011, € 2.66 (-24%) in 2012 and € 3.1 (-17%) in 2013.

Andritz is being recommendet by eleven analysts. Commerzbank retained its “Buy” recommendation as well as the target price of € 75.00.

Goldman Sachs remains the “Neutral” rating for Telekom Austria unchanged. The target price goes from € 9.30 to € 9.50.

Mayr-Melnhof +3.89%
Lenzing

+2.62%

Strabag +1.12%
Andritz +0.28%
VIG +0.05%

 

Erste Group -5.64%
OMV -4.64%
RBI -4.15%
Verbund -3.64%
Immofinanz -3.60%

 

 

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