By: Benzinga
UPDATE: JP Morgan Upgrades Mobile TeleSystems to Neutral on Strong Expectations for Q4, FCF Outlook
JP Morgan upgraded Mobile TeleSystems (NYSE: MBT ) from Underweight to Neutral and raises the price target from $20.50 to $25.00. JP Morgan analyst Alexei Gogolev noted, "We increase our end-13 PT on MTS to $25/ADR on a 15-20% increase to FCF projections for 2013-15E and upgrade rating to Neutral.
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