Garanti Securities Upgrades 12-Month Target for Turkish Stocks
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANA TI (Adana Cimento Sanayii TAS)
AKSA TI (Aksa Akrilik Kimya Sanayii AS)
AYGAZ TI (Aygaz AS)
BOLUC TI (Bolu Cimento Sanayii AS)
CIMSA TI (Cimsa Cimento Sanayi VE Ticaret AS)
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UUID: 7947283
(Bloomberg) -- Istanbul-based brokerage Garanti Securities revises estimate of lira’s risk-free rate to 10.5% from 11%, taking moves in 1Q into consideration, and increases 12-month target for Turkey’s benchmark Borsa Istanbul 100 Index to 109,360 points.
- Upgrade suggests about 14% upside from Tuesday’s close
- Downgrades Adana Cimento, Aksa Akrilik, Aygaz and Kordsa to marketperform vs outperform
- Raises recommendation for Bolu Cimento, Cimsa, Tav Havalimanlari Holding and Turkish Airlines to outperform vs marketperform
- Upgrades Otokar to market perform from underperform
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANA TI (Adana Cimento Sanayii TAS)
AKSA TI (Aksa Akrilik Kimya Sanayii AS)
AYGAZ TI (Aygaz AS)
BOLUC TI (Bolu Cimento Sanayii AS)
CIMSA TI (Cimsa Cimento Sanayi VE Ticaret AS)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283