http://www.finamrus.com/newtopics/news03A79/default.asp
Goldman Sachs has revised upward its target price for Norilsk Nickel's shares from $246 to $252, Goldman Sachs said in a daily overview, while the stock recommendation was reduced from Buy to Hold. GS analysts adjusted Norilsk Nickel's valuation model taking into account new forecasts for nickel and copper prices in Q307 that were made in accordance with the current market levels. Be that as it may, even after the target price's upgrade Norilsk Nickel's stocks hold no upside potential to the level GS experts forecast, as a result of which the recommendation on the metal major's securities was lowered to Hold.
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