Deutsche Bank, Infineon, Solarworld, SMA, Q-Cells: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the last close.
The benchmark DAX Index fell 0.3 percent to 5,816.20. Futures on the DAX expiring in September climbed 0.5 percent to 5,857 as of 8:44 a.m. in Frankfurt.
Altira AG (A7A GY): The Frankfurt-based asset management company posted earnings after interest and taxes of 1.4 million euros ($1.76 million) in fiscal 2009, following a loss of 2.3 million euros in 2008. The stock rose 0.1 percent to 9.30 euros.
Deutsche Bank AG (DBK GY): Germany’s biggest bank was cut to “underweight” from “neutral” at JPMorgan Chase & Co., which wrote in a report the German bank may need 15 billion euros following an analysis of new industry capital regulation. The shares slipped 0.4 percent to 44.88 euros.
Grenkeleasing AG (GLJ GY): The German company that buys and leases computer equipment was raised to “buy” from “neutral” by Bank of America Corp. The shares increased 0.2 percent to 32.50 euros.
Infineon Technologies AG (IFX GY): Europe’s second-largest semiconductor maker was raised to “neutral” from “underperform” at Bank of America. The shares advanced 0.6 percent to 4.76 euros.
Solarworld AG (SWV GY), SMA Solar Technology AG (S92 GY) and Q-Cells SE (QCE GY): German lawmakers proposed easing reductions in solar-power subsidies for three months and cleared the way for parliament to vote on the cuts by July 9. Solarworld fell 0.1 percent to 9.81 euros; SMA Solar dropped 1.9 percent to 84.41 euros, and Q-Cells declined 0.7 percent to 5.28 euros.
Wacker Chemie AG (WCH GY): The chemical producer was raised to “neutral” from “underperform” by Credit Suisse Group AG. The shares were unchanged at 119.50 euros.
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