USD 64.4711

0

EUR 71.5307

0

BRENT 60.15

0

AI-92 42.4

-0.01

AI-95 46.11

-0.02

AI-98 51.91

0

Diesel 46.13

+0.01

17

Norilsk Nickel Confirmed «Overweight» Rating

Investment bank Morgan Stanley reiterated his "overweight" rating on Russian metals giant Norilsk Nickel

Investment bank Morgan Stanley reiterated his "overweight" rating on Russian metals giant Norilsk Nickel. The target price has been raised from $62 to $72.

In a research note published this morning, Amos Fletcher, the analyst with Morgan Stanley mentions that the planned spin-off of the company's Polyus gold unit is likely to be worth about $23 per share.

Morgan Stanley expects the imminent spin-off of Norilsk Nickel's gold business to leave the company's core nickel business undervalued.