February 01, 2016, 11:33 / Finance / News

Stock recommendations: prospects for oil and gas companies do not inspire Citi and Sberbank CIB

Citi revalued oil and gas companies:

Goldman Sachs raised the target price of Aeroflot shares from 70 rubles. to 72.25 rubles, the “buy” recommendation has not changed.

- lowered the recommendation for Novatek’s GDR from “buy” to “hold”, the forecast price decreased from $96.3 to $81.2;

- lowered the forecast price of Bashneft shares from $37.6 to $32, the “buy” recommendation did not change;

- lowered the forecast price of Gazprom shares from $2.33 to $1.99, the “buy” recommendation did not change;

- lowered the forecast price of Gazprom Neft shares from $3.94 to $3.38, the “buy” recommendation did not change;

- lowered the forecast price of Lukoil shares from $43.2 to $42.6, the “buy” recommendation did not change;

- lowered the forecast price of Surgutneftegaz shares from $0.5 to $0.46, the “hold” recommendation has not changed;

- increased the forecast price of Tatneft shares from $5.91 to $6.2, the “buy” recommendation has not changed.

Sberbank CIB revalued companies in the oil and gas sector:

- lowered the forecast price of Bashneft shares from $60 to $45, the “buy” recommendation has not changed;

- lowered the forecast price of Gazprom shares from $3 to $2, the “hold” recommendation has not changed;

- lowered the forecast price of Gazprom Neft shares from $5 to $4.5, the “buy” recommendation has not changed;

- lowered the forecast price of Lukoil shares from $55 to $50, the “buy” recommendation did not change;

- lowered the forecast price of Novatek’s GDR from $110 to $90, the “buy” recommendation has not changed;

- lowered the forecast price of Rosneft shares from $5 to $4.5, the “hold” recommendation has not changed;

- lowered the forecast price of Tatneft shares from $6.5 to $5.7, the “hold” recommendation has not changed;

- increased the forecast price of Transneft preferred shares from $750 to $1000, the “sell” recommendation has not changed.

Uralsib lowered the forecast price of Sberbank shares from $1.6 to $1.4, the “buy” recommendation did not change.

UBS lowered the forecast price of Lenta GDR from $9.3 to $8.4, the “buy” recommendation did not change.

JPMorgan increased the forecast price of Magnit GDR from $36 to $37, the “hold” recommendation has not changed.

VTB Capital raised its recommendation for Yandex shares from “hold” to “buy”, the forecast price decreased from $17.5 to $17.