Polish Mondi Packaging Paper Swiecie stock upgraded to «buy»
06. Polish brokerage house DI BRE Bank upgraded its rating on the stock of Mondi Packaging Paper Swiecie to "buy" from "hold".
Mar 13, 2006. /Lesprom Network/. Polish brokerage house DI BRE Bank upgraded its rating on the stock of local paper and pulp manufacturer Mondi Packaging Paper Swiecie (MPP Swiecie) to "buy" from "hold" in its latest report dated March 2, 2006, Onet reported. DI BRE Bank raised the price target of MPP Swiecie shares to PLN 65 ($19.8) from PLN 53 ($16.2).
According to DI BRE Bank forecast, MPP Swiecie will register a PLN 143.5 million ($43.8 million) net profit in 2006 and PLN 202.8 million ($61.9 million) in 2007.
MPP Swiecie generated a PLN 35.4 million ($41.3 million) net profit in 2005. MPP Swiecie, former Frantschach Swiecie, is a unit of South African-based paper making group Mondi.