Equity
ANALYST VIEW - Morgan Stanley cuts Hungarian MOL's TP, Deutsche Bank downgrades
Deutsche Bank has also reduced MOL's rating to ‘Hold' from ‘Buy'.
Morgan Stanley has a rating of 'Equal Weight' on the stock.
Following MOL's Q4 2006 earnings report the investment bank cut its EPS estimate for 2007 and 2008 by 6% and 10%, respectively.
Morgan Stanley said the reason for the EPS trimming was that the management proejcted 10% yr/yr production volume decline this year, while MS previously did not expected a fall in this segment.
Morgan Stanley has a rating of 'Equal Weight' on the stock.
Following MOL's Q4 2006 earnings report the investment bank cut its EPS estimate for 2007 and 2008 by 6% and 10%, respectively.
Morgan Stanley said the reason for the EPS trimming was that the management proejcted 10% yr/yr production volume decline this year, while MS previously did not expected a fall in this segment.
