OMV: UBS remains a buyer after trading update
(CercleFinance.com) - UBS has reinstated its "buy" rating on the OMV share, maintaining its target price at 60 euros, which suiggests upside potential of 27% for the Austrian oil company.
The broker says "Production close to UBSe but sales impacted by Libyan shutdown, OMV today reported 1Q19 production of 474kboe/d, 1% below UBSe 480kboe/d."
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker says "Production close to UBSe but sales impacted by Libyan shutdown, OMV today reported 1Q19 production of 474kboe/d, 1% below UBSe 480kboe/d."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.