IEBA TRUST

Ieba Trust Cuts Petrom Target Price To RON0.45/Share, Keeps Buy Rating

Romanian brokerage house Ieba Trust Monday cut by 6.2% its 12-month target price on Romanian leading oil company OMV Petrom (SNP.RO) to 0.45 lei (EUR0.1041) a share, but left its recommendation unchanged at “buy.”