Czech market opened lower in-line with the rest of the European markets. Both banks (Erste Bank and Komerční banka) fall straight from the opening in-line with other banks. price target was cut by 36% to EUR 18 at (108,08 USD, -3,49%). (117,1 CZK, -4,24%) goes down after (348 CZK, -8,37%) downgrade to "reduce" from "buy, with price target at 120CZK. (72,5 CZK, -3,27%) falls after (2,62 USD, -6,76%) downgrade to "hold" due to low earnings visibility. Overall we can see very low volumes today.