Lehman downgrades MOL, ups price target
Thursday, September 22, 2005, 13:07
Financial analyst Lehman Brothers Treasury Co BV downgraded Mol stocks to ?underweight? from ?neutral? following a strong surge in the company?s share prices in recent weeks, Portfolio.hu reported. At the same time, the US investment bank raised its price target for the paper from Ft 21,000 to Ft 21,300. While it has raised its full-year EPS forecast for Mol by 8%, the bank reduced its estimate on the profitability of its gas marketing business due to higher input costs. Last time around Lehman reduced its rating, price target as well as EPS forecast on Mol in mid-August.