BANGALORE: AlembicHC raised its share-price target on Egypt's Sidi Kerir Petrochemicals Co (SIDPEC) by 5 percent to LE 17 to reflect higher earnings estimates driven by better operating rates.
"SIDPEC appears to be a stock that has actually (...)
CAIRO: AlembicHC cut its share-price target on Air Arabia and forecast a 5 percent drop in the low cost carrier's 2011 profit citing rising fuel prices.
The brokerage, which retained a "neutral" rating on Air Arabia, cut its price target on the (...)
RIADH: The Saudi government's stimulus program is likely to result in strong economic growth and robust corporate credit demand, benefiting the country's banking sector, said Goldman Sachs, which started coverage of six banks.
Last month, Saudi (...)