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Deutsche Bank raises Acergy from HOLD to BUY     14-Oct-09 06:34 am    
(SIX): Deutsche Bank raises Acergys kursmål from 40 to 50 million and retain a hold recommendation on the stock, according to Dow Jones Newswires.

The company presents its third quarterly results Wednesday.

The bank believes in a net income for Acergy of 32 million dollars, it is 2 percent below the consensus.

Deutsche Bank believes the stock should be traded with a 30 percent discount to the sector target, based on the lack of diversification, which increases the company's relative risk to be left without assignments.


http://www.stocklink.no/Article.aspx?id=...


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buc_cra

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Deutsche Bank raises Acergy from HOLD to BUY
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Acergy SA (ACGY)

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