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YPF has had a "reinstate as buy" on May 12 by Paul Ting at Salomon Smith Barney, and the ASrgentine shares were made an "add" by Probhas Panigrahi at Dredener Kleinword Benson Securities Ltd. on May 1, with 12 mo. price targets of $42 and $38 respectively (these per Bloomberg on those days). Targetrs not that much above the present $35. Two other securities firms were quoted within the month by Bloomberg as maintaining "buy" ratings but not quoted as giving price targets.
But the Argentine gov't announced on May 8 (again, per Bloomberg) that it would sell in the last half of 1998, possibly early in that half, its 20% stake in YPF through bankers (a $2.45 billion sale says Bloomberg), I just saw the gov't-sale item, so I'm not happy, because it will probably restrain the price. Because I hold a July $35 option, I may get out shortly, even though YPF still seems a good oil-producer to own as stock (not option) for the medium-term, with lots in the ground and production and efficiency rising (according to an analyst).
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