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Nov 9. Finam raises Severstal's target price.

Finamrus com 09.11.2007 16:10
http://www.finamrus.com/newtopics/news03C6C/default.asp
Finam Investment Company has revised its target price for Severstal's shares from $14.30 to $23.33, cutting the stock recommendation from Buy to Hold. Finam analysts think that the factors producing a positive impact on the metal major's securities are the favorable conditions on the rolled products market and also the company's aggressive expansion into the precious metals sector.

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