Raiffeisen cuts Petrom target share price to RON 0.24

Austrian bank Raiffeisen has cut the Petrom (SNP) target share price to RON 0.24 from RON 0.3, and downgraded the stocks, recommending investors to diminish their stocks in the oil and gas company, Mediafax informs. Raiffeisen’s previous recommendation in connection with the Petrom shares was ‘keep’. Raiffeisen estimates that Petrom’s…...

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