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Goldman Sachs ups Arabtec, Aldar, Sorouh target prices
- United Arab Emirates: Sunday, June 14 - 2009 at 11:24
Goldman Sachs has raised its target price for Arabtec Holding by 6% to Dhs3.77 citing the improving regional economic outlook due to higher oil prices, and changes in order book and margin assumptions following recent management updates. The price target for Aldar Properties was raised to Dhs4.7 from Dhs4.34, while Sorouh's was increased to Dhs3.91 from Dhs2.98, as it changed its valuation method to incorporate net asset value.
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StaffSunday, June 14 - 2009 at 11:24 UAE local time (GMT+4)
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