Ratings

Sector	Share	Price $	Target price*, $	Upside %	Date of target price revision	Rating
Chemicals & Petrochemicals
Mineral Fertilizers
Acron
Ammofos
Dorogobuzh
Dorogobuzh
Silvinit
Silvinit
Organic Synthesis Products
Metafrax
Construction
Mostotrest
Consumer
Food
Cherkizovo
Pharmaceutics
DIOD
Financial sector
URSA
Bank St-Petersburg
Bank St-Petersburg
Sberbank
Sberbank
VTB
Vozrozhdenie Bank
Mechanical Engineering
SOLLERS
Metals
Coal
Belon
Kuzbasskaya Toplivnaya Company
Kuzbassrazrezugol
Mechel
Ferrous Metals
MMK
Novolipetsk Steel
Severstal
Non-Ferrous Metals
Norilsk Nickel
Polymetal
Polyus Gold
O&G
Gazprom
Lukoil
Rosneft
TNK-BP
Transneft
Power Utilities
Heat Generation
Enel OGK-5
Mosenergo
OGK-1
OGK-2
OGK-3
OGK-6
RusHydro
Telecommunications, IT
MTS
Transportation
Aeroflot
NSCP