iPoint (iPoint.cz)
Czech markets  |  December 21, 2012 10:00:28

Goldman Sachs target NWR precipitated to the ground: Wait more sales!



iPoint.czThe outlook for coal prices to deteriorate and NWR paradoxically grow: This is the main message of a new report for domestic miners from Goldman Sachs. "We believe that weaker fundamentals supply / demand will continue to put pressure on the prices of the reference coal contracts," said Martin Carpenter of Patria Online reports from Goldman Sachs. "Our estimates of the price of hard coking coal for the years 2013 and 2014 are now 178 USD / t and 195 USD / t (down by 8% and 7% compared to the previous forecast," adds the source. Slump result is the target price and investment recommendations, the report parameters Bulls can not be under the Christmas tree ...

NWR's cruel to Christmas and recommendations, read the iPoint

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