In a report published Wednesday, Morgan Stanley analyst Dmitriy Kolomytsyn reiterated an Underweight rating and $1.00 price target on Mechel OAO MTL.
In the report, Morgan Stanley noted, “We expect a weak quarter, with ruble depreciation and falling commodity prices driving a 10% QoQ drop in revenue. Focus on leverage situation and potential restructuring.”
Mechel OAO closed on Tuesday at $2.01.
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