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BoA ups target prices for Gazprom and Novatek amid natural gas price spike
By Alexander Bueso
Date: Tuesday 28 Sep 2021
(Sharecast News) - Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.
Natural gas prices in Europe had quadrupled since the start of the year, after a cold winter depleted inventories in both Europe and Russia.
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