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Nomura raises Emaar target price to Dhs2.94
- United Arab Emirates: Tuesday, May 19 - 2009 at 11:56
Nomura has raised Emaar Properties' target price to Dhs2.94 from Dhs2.81 and maintained its 'buy' rating. It said that there were no surprises in the company's first quarter headline numbers. Management has indicated that it will work out any liquidity situation without access to government funds, although there is access to such a buffer if required. Emaar shares closed down 1.6% at AED 2.50. (Mac Capital)
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