March 16 (SeeNews) - Raiffeisen Capital & Investment (RCI) said it has kept its 'hold' recommendation on the shares of Romanian gas distributor Transgaz [BSE:TGN] and raised the stock’s target price by 1.4%. “The dividend discount model points to a 12-m target price of 289.5 lei ($96.5/69.3 euro) […] as the positive effect from higher transport revenues is partially offset by lower transit revenues,” RCI, the brokerage arm of Austrian banking group Raiffeisen, said in a statement on Tuesday.
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