Aton increased ratings of Nornickel, Kazakhmys to "purchase"

24.05.06 00:18
/REUTERS, Moscow, May 24, 06/ - Investment company Aton increased recommendations on shares of metallurgical companies - Russian Norilsk nickel and Kazakhstan Kazakhmys - to "purchase" with "hold" against a background of price growth of nickel and copper. It kept forecasted prices of shares of Nornickel at $163,93 and Kazakhmys - at $23,55. In the opinion of the company, current level of prices for non-ferrous metals creates good opportunities for long-term investments. [2006-05-24]