"Открытие Капитал": Norilsk Nickel – upgrade on valuation grounds // ПОКУПАТЬ
28 сентября 2012 года
With this note we decrease our target price for Norilsk Nickel from $20,7/GDR to $19,7/GDR. Given that our new target price implies 23% upside, we assign Norilsk Nickel a BUY rating (upgraded from a HOLD). We think the stock is undervalued at the moment, trading with a discount to its peers. The cancelation of treasury shares and a potential 2% share buyback might serve as catalysts for the stock price, in our view.
- PDF 213 КБ
