Posted by meb at December 1st, 2008

Strategists at UniCredit SpA raised their recommendation for Turkish and Polish equities as the brokerage cut its recommendation on Russian stocks on Monday.

UniCredit SpA cut its recommendation on Russian stocks to ‘underweight’ from ‘neutral’ and raised Polish and Turkish equities to ‘overweight’ from ‘neutral’.

‘These moves are in line with seeing rebounding global markets in the short term,’ Mark Robinson, a UniCredit strategist in London, said in a Sunday dated client note.

“We thus raise our risk exposure and de-emphasize safe havens,” he added.

Hungarian and Romanian shares were upgraded to ‘neutral’ from ‘underweight’ and Czech equities were lowered to ‘neutral’ from ‘overweight’
source: Hurriyet daily news

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