"ВТБ Капитал": 2020 Strategy Reveals More Long-Term Value for Polyus International // ПОКУПАТЬ
27 июля 2011 года
Today Polyus Gold became Polyus Gold International and we are initiating a new instrument (PLGL/POLG LI) with a 12-month Target Price of $4,8/GDR, implying 33% upside potential and a Buy recommendation. We are also downgrading Russia-based Polyus Gold (PLZL RX) to Hold with a new 12-month Target Price of $70 (17% upside potential).
These changes to our recommendations also reflect another important event for the company, the new 2020 operating strategy released last week, which revealed some further upside in the name.
