Vienna Stock Exchange: Winners and Losers (2011-05-04)

Erste Group raises the target price for austriamicrosystems from CHF 53.70 to CHF 60.10. EPS are estimated as follows: € 3.70 for 2011 (after € 3.67), € 4.45 for 2012 (after € 3.91) and € 4.34 for 2013 (after € 4.20).

Credit Suisse confirmed the rating Neutral and price target of € 38.00 for Erste Group, but reduced earnings estimates after presentation of figures. For 2011 analysts expect EPS of € 3.07 (after € 3.2), for 2012 € 4.17 and for 2013 € 4.61. Kepler confirmed the "Buy" recommendation as well as the target price (€ 45.00).

Frauenthal has published its capital markets prospectus for its new bond. The company will raise between € 75m and € 100m. The senior unsecured notes are due May 2016 and will have a nominal value of € 1000. Erste Group and Raiffeisen Bank International are acting as Joint Lead Managers.

AlphaValue raised the target price for RBI from € 43.90 to € 48.90. The "Add" rating has been confirmed.

Verbund: Alpha Value´s recommendation is still a "Sell". The target price increased from € 24.00 to € 26.10. Berenberg Bank conforms the "Hold" rating for Verbund as well as the target price (€ 31.00).

Warimpex intends to raise its equity capital by € 5.4m within the next five years. The capital increase already has been resolved.