"Открытие Капитал": ENRC – TP reduced, but BUY reiterated // ПОКУПАТЬ
2 февраля 2012 года
Despite a 20% reduction in its target price driven by lower commodity prices forecasts, ENRC remains one of our top picks in the CIS metals and mining universe. We like ENRC for its unique asset base that possesses superior cost efficiency, as well as for its wide product range and strong balance sheet. In our view, these strengths will help the company overcome the challenges that the overall industry is expected to face in 2012E. We reiterate our BUY rating on the stock.
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