Russian Stock Market Rally May Just Be Starting
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The longest stretch of gains in Russian stocks since 2005 has done little to curb the market’s allure to analysts.
Stocks on the Micex Index will rally 27 percent on average over the next 12 months, according to analyst price targets compiled by Bloomberg. That’s the most among the so-called BRIC nations as stocks on China’s CSI 300 Index are seen climbing 19 percent in the period, while those in Brazil’s Ibovespa are forecast to gain 13 percent and India’s S&P BSE Sensex will rise 5 percent.