Article: SHB raises price target on Lundin Petroleum to SEK60.

NORDIC BUSINESS REPORT-17 August 2009-SHB raises price target on Lundin Petroleum to SEK60(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

17 August 2009 - Svenska Handelsbanken (SHB) has raised its share price target on Swedish company Lundin Petroleum AB (STO: LUPE) to SEK60 from SEK55 but has reiterated its "reduce" rating on the stock.

According to the broker, Lundin Petroleum's second-quarter EBIT was 30% lower than expected. At the same time, production in the period was high due to good development in Norway and the UK.

Lundin Petroleum saw its EBIT nearly halve to SEK345.8m in ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!