Tatneft Cut to ‘Sell’ at Deutsche Bank on ‘Unexciting’ Outlook

OAO Tatneft (TATN), the oil producer in Russia’s republic of Tatartstan, was cut to “sell” from “hold” at Deutsche Bank AG, which said it was “disappointed” with the company’s 2008 earnings.

“The lack of fundamental upside and the unexciting earnings outlook make us downgrade Tatneft,” Deutsche Bank analyst Tatiana Kapustina wrote in a note dated today.

To contact the reporter on this story: William Mauldin in Moscow at wmauldin1@bloomberg.net;

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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