Cairn Energy-BUY
Scripscan:Cairn
CMP:260
Target:374
Traded in:Nse-bse
Its an interesting report from UBS and if cairn comes out with numbers as per UBS estimates-Expect huge upsides on the counter.
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Upgrading to Buy on revision of UBS crude oil prices:We upgrade our rating on Cairn
Sasken Communications:Buy recommendation
Buy Aban Offshore, tgt Rs 5330: Emkay
Bull's Eye - NESTLE, GAIL, ONGC, AUROBINDO PHARMA,...
UBS raises the oil price forecasts including long-term forecast:UBS has raised the oil price forecast to US$ 113.5/120/116/135/155 per barrel in 2008/09/10/11/12 respectively primarily driven by the expectation of supplies falling short of demand substantially pulling down spare capacities. UBS has also raised its long-term oil forecast from $73/bbl to $95/bbl from 2013, on the expectations of higher cost inflation in key upstream projects and GlobalOilCo.
Raising earnings estimates for Cairn
Valuation:We change our rating to Buy and raise our target price to Rs 374. Our price target is based on our NAV estimate for Cairn
Source:UBS