Aug 29. Citibank upgrades Sberbank rating 4%, reiterates Buy recommendation.

Finamrus com 29.08.2007 16:30
http://www.finamrus.com/newtopics/news03911/default.asp

Citibank has lifted its target price for Sberbank stocks from $4.50 to $4.70, Citibank said in a note. The Buy recommendation on the stock was left unchanged. Sberbank's Q107 IAS strong financial showings, robust 7M07 RAS financials and also the lender's firm positions on the Russian banking services market prompted Citibank analysts to upgrade forecasts for the lending institution's performance. In line with the new estimates made by Citibank experts, Sberbank's FY07 net profit will be $4,337 mln (9% above the previous forecast), $5,452 mln in 2008 (a 2% increase) and $7.02 bln in 2009 (growth of 1% above the forecast).

Aug 27. Lukoil has reduced crude oil supplies to Germany by 33% of its current volumes

Finamrus com 27.08.2007 13:03
http://www.finamrus.com/newtopics/news038DF/default.asp

Lukoil has reduced crude oil supplies to Germany by 33% of its current volumes, Transneft's vice president Sergey Prokofiev told the Petroleum Information Agency (PIA). According to him, currently Lukoil does not meet the schedule of oil deliveries to Germany. "A contraction in oil supplies to Germany was recorded this and last month" – he added. The oil producer's spokesmen declined to comment on the situation and will give comments on the issue in several days" – the oil major's press service told PIA.

Aug 24. FAS authorizes Italian energy concern Enel to buy WGC-5.

Finamrus com 24.08.2007 18:54
http://www.finamrus.com/newtopics/news038DB/default.asp

The Federal Antimonopoly Service (FAS) has given authorization to Italian energy concern Enel to acquire a 70.00028% stake in WGC-5. "On August 16, the anti-trust authority issued an affirmative report allowing Enel to purchase 70.00028% of WGC-5, which equals 100% with the stocks the Italian enterprise already holds" – FAS press secretary Irina Romannikova said.

Aug 22. Credit Suisse raises Rosneft's target price 3.6%, reiterates Hold recommendation.

Finamrus com 22.08.2007 14:00
http://www.finamrus.com/newtopics/news038B9/default.asp

Investment bank Credit Suisse has lifted its target price for Rosneft's equities from $9.75 to $10.10, the bank's analysts said in a note. The Hold recommendation on the stock was reiterated. CS analysts adjusted their valuation model of Rosneft taking into account their new forecasts for this oil producer that reflect the assets it acquired from Yukos. CS experts raised their forecast for Rosneft's EBITDA 5% to $10,341 mln in 2007 and 12% to $12,484 mln in 2008. Meanwhile, Rosneft's EPS (earnings per share) forecast was lowered 5% to $0.49 in 2007 and upgraded 10% to $0.67 in 2008. Notwithstanding that Rosneft's upside potential to the level targeted by CS analysts is currently around 30%, experts reiterated their Hold recommendation. They believe that right now top picks are Novatek and Lukoil. The target price for Lukoil shares is $112.00 and $7.90 for Novatek securities. Both issuers are rated as a Buy.

Aug 20. Credit Suisse initiates coverage of WBD and Lebedyansky, rating WBD ADRs as Buy.

Finamrus com 20.08.2007 16:55
http://www.finamrus.com/newtopics/news03896/default.asp

Investment bank Credit Suisse has initiated coverage of Wimm-Bill-Dann Food Products (WBD) and Lebedyansky, the bank's analysts Vladimir Savov and Victoria Petrova said in a note. The primary recommendation on WBD's ADRs is Buy and Hold for Lebedyansky shares. The target price calculated by Credit Suisse analysts for ADRs issued by WBD is $119.50 and $107.00 for Lebedyansky securities. The bank's experts prefer WBD stocks, as this company holds firm positions on the dairy products market which is marked by fiercer competition and broader segmentation than the juice market.

Aug 17. Merrill Lynch assigns Buy recommendation to Gazprom, Hold to Lukoil and Sell to Rosneft.

Finamrus com 17.08.2007 15:35
http://www.finamrus.com/newtopics/news03885/default.asp
Investment bank Merrill Lynch has revised its target prices for Russian O&G companies it tracks and advises investors to buy Gazprom, hold Lukoil and sell Rosneft stocks... more...

Aug 10. Thursday the Federal Securities Service (FSS) suspended Russneft's issue of additional common shares

Finamrus com 10.08.2007 13:10
http://www.finamrus.com/newtopics/news0382E/default.asp