"Открытие Капитал": Dragon Oil – too fast and too high // ДЕРЖАТЬ
7 августа 2012 года
On the back of recent updates, we increase our target price for Dragon Oil (DGO) by 9% to GBp674, which implies 13% potential share price upside. We have also lowered our rating from Buy to HOLD given the stock’s excellent performance in recent weeks. We still consider DGO a low-risk company, but remain sceptical of its diversification strategy and gas project.
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