Vienna Stock Exchange: Winners and Losers (2011-10-13)

Businessn.a. ♦ Published: October 13, 2011; 17:45 ♦ (Vindobona)

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

Vienna Stock Exchange: Winners and Losers (2011-10-13) / Picture: © Vindobona.org

Berenberg Bank confirmed the “Buy” recommendation for Erste Group and cut the price target from € 45.00 to € 36.60. Analysts have cut 2011 earnings estimates from € 1.1bn to a loss of € 719m. HSBC cut from “Overweight” to “Neutral” and reduced the price target from € 46.00 to € 21.00.

Palfinger: Berenberg Bank confirmed…