VimpelCom resumes slide, Citi downgrades shares but hikes PT

|About: VimpelCom (VIP)|By:, SA News Editor

After rallying from a sharp drop in pre-market trading, VimpelCom (VIP -6.1%) shares are sliding again as the market digests the Russian telco's dismal Q3 results.

Paralleling the mixed signals in today's trading, Citi downgrades the stock to Neutral from Buy but hikes its PT to $14.80 from $11.90.