Article: Erste Group cuts Austrian Post AG share price target.(Financial report)

Article from:
ADP News Austria
Article date:
August 26, 2009
Copyright

(ADPnews) - Aug 26, 2009 - Erste Group lowered its share price target on Austrian postal group Oesterreichische Post AG (WBAG:POST) to EUR 20.50 from EUR 24 on Wednesday.

The experts retained a "hold" stance. The results for the second quarter of 2009 were not very encouraging, the analysts said. Moreover, the outlook was significantly cautious. Unlike for the previous forecast, the experts of Erste Group did not predict a fast recovery now and said the bottom has not been reached yet. ...

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