Mechel ADRs Reiterated ‘Buy’ by Otkritie Brokerage in Moscow

Otkritie brokerage reiterated its “buy” recommendation on OAO Mechel (MTL), Russia’s largest producer of steel-making coal. The 12-month target price is unchanged at $16.60, analyst Denis Gabrielik said via telephone.

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To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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