FINAM devaluates FSK EES

4 February 2010 (12:05)

FINAM Investment Company decreased its target price assessment of OAO FSK EES’s ordinary shares from $.0.0193 down to $0.0135. This is the company’s forecast for the end of 2010. Nevertheless, FINAM still recommends buying the electricity provider’s shares. FINAM actually decided to reconsider the target price after the Federal Tariff Service confirmed the parameters which FSK EES is to use when switching to RAB-based tariff design, and also because the company’s management came up with some new financial forecasts.


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