Mechel Target Price Cut to $19 From $38 at Renaissance Capital

Dec. 20 (Bloomberg) -- Renaissance Capital cut its 12-month target price on American depositary receipts of OAO Mechel to $19 from $38 and reiterated its “buy” recommendation on the stock, Moscow-based analysts Boris Krasnojenov and Vasiliy Kuligin said in an e-mailed report.

To contact the reporters on this story: Halia Pavliva in New York at

To contact the editor responsible for this story: David Papadopoulos at