While it's boring to watch the slow action as the Houses scratching each other's back in their tax selling scheme, MOL just keep moving along nicely in a 'Thank You Very Much' sort of way :)

ANALYST VIEW - Goldman Sachs upgrades Hungary's MOL

December 18, 2009, 10:14 am

http://portfolio.hu/en/cikkek.tdp?k=1&i=19165

Goldman Sachs has upgraded Hungary’s MOL to 'Buy’ and added the oil stock to the list of its European favourites.

Goldman Sachs released a comprehensive research note on the European oil sector on Friday, including an extensive analysis on MOL, Reuters reported.

GS upped its rating on MOL to 'Buy’ from 'Neutral’ and switched it with Statoil on its list of favourites. GS has also placed Spain’s Repsol among its least favoured oil stocks.

There is no word about the target price for MOL, but GS raised its TP for the Hungarian fuels group to HUF 18,500 from HUF 17,400 on 2 December.