Patria released a new report on Unipetrol yesterday. We have upgraded our short-term rating from hold to accumulate. Given the stock’s strong performance over the last two weeks (+17%), a short-term correction cannot be ruled out. This is why our short-term recommendation is accumulate (as opposed to “buy”). We maintain our long-term buy rating for Unipetrol shares. Our target price for the end of 2000 is CZK 78 per share, implying a 20% upside potential for the stock by the end of the year. The reasons for upgrading are improving company results, improving margins in the petrochemical sector and restructuring in the whole Unipetrol group. There could be modest progress in September in the government’s decision making process regarding Unipetrol privatization, but our expectations are low on this issue.