Goldman Sachs downgraded ADR “Gazprom” to “sell”

Moscow. October 19. Goldman Sachs reduced its recommendation from “hold” to “sell” to the American Depositary receipts (ADR) Gazprom, as well as from “buy” to “hold” for global Depositary receipts (GDR) of NOVATEK, told Bloomberg.

In addition, GDR “Rosneft” have been deleted from GS analysts focus list of the region CEEMEA (Central and Eastern Europe, middle East and Africa).