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).
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