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Saudi oil price target stretches to $110There has been no official announcement but Saudi Arabia's effective target for oil prices appears to have risen from $100 to $110 per barrel, based on recent changes in the kingdom's production levels. &nb More… |
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Goldman cuts NBK price targetLow loan growth due to delays in implementing development projects could affect National Bank of Kuwait (NBK) in the near term, Goldman Sachs said and cut its price target on the lender's stock. The brokerage, which lowered the price t More… |
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HSBC cuts price target on ZainHSBC cut its price target for Zain's shares by 10 per cent after the Kuwaiti mobile operator reported a lower-than-expected quarterly profit. Zain posted a 4.2 per cent dip in second-quarter net profit of KD70.3 million ($257.3 million More… |
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Credit Suisse raises Mobily price targetCredit Suisse raised its price target on Saudi Arabia's Etihad Etisalat (Mobily) citing another strong year for the company as rising popularity of smartphones continues to fuel the telecom carrier's double digit revenue growth. The broker More… |
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CS ups Drake & Scull price targetCredit Suisse raised its price target on Dubai contractor Drake & Scull International to Dh1.22 from Dh1.19 citing higher-than-expected backlog additions and a more positive outlook for new contracts this year. The brokerage said Drake More… |
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Deutsche Bank cuts Aldar price targetDeutsche Bank lowered its price target on Aldar Properties' stock to Dh5 from 7.10 dirhams, citing increased uncertainties on Yas Island receivables and the nature of future government support for the developer. Separately, Citigroup r More… |
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Deutsche Bank cuts Aldar price targetDeutsche Bank lowered its price target on Aldar Properties' stock to Dh5 from 7.10 dirhams, citing increased uncertainties on Yas Island receivables and the nature of future government support for the developer. Separately, Citigroup r More… |
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Stanley cuts DP World price targetMorgan Stanley slashed its price target on Dubai-based port operator DP World by 59 per cent, saying the market is underestimating the depth and duration of the container port downturn, particularly in the Middle East. "Also, given that th More… |
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Merrill ups price target on Orascom TelecomMerrill Lynch raised its price objective on Arab regional mobile operator Orascom Telecom to 80 Egyptian pounds from 73.16 Egyptian pounds to reflect the company's recent share buyback. Late last month, Orascom said it applied to buy back More… |
