Up 27% YTD, but trading at just 5.7X earnings, Bernstein sees another 25% upside for Russian natural gas giant Gazprom (OGZPY.PK +1.2%). However, the company's ties to the Kremlin leaves one to wonder for whose benefit the firm is run for. Don't expect the multiple to rise; a purchase of Gazprom now is a bet on higher gas prices.
Up 27% YTD, but trading at just 5.7X earnings, Bernstein sees another 25% upside for Russian...
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