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.
To contact the reporter on this story: Halia Pavliva in New York at firstname.lastname@example.org;
To contact the editor responsible for this story: David Papadopoulos at email@example.com