BMW, Continental, EON, Porsche, Q-Cells: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Frankfurt. Stock symbols are in parentheses after company names. Share prices are from the last close.
DAX Index (DAX) futures expiring in June gained 0.8 percent to 7,147.5 at 8:31 a.m. in Frankfurt. The benchmark DAX Index rose 0.2 percent to 7,085.14 yesterday.
Bayerische Motoren Werke AG (BMW) : The world’s biggest maker of luxury cars was cut to “sell” from “neutral” at UBS AG. The shares climbed 0.3 percent to 62.51 euros.
Continental AG (CON GY): Europe’s second-biggest autoparts maker was cut to “neutral” from “buy” at UBS. The shares dropped 0.5 percent to 68.16 euros.
Deutsche Beteiligungs AG (DBA) : The private-equity company said second-quarter net income fell to 7.7 million euros ($11.1 million) from 8.4 million euros a year earlier. The shares increased 2.8 percent to 19.95 euros.
EON AG (EOAN GY) and RWE AG (RWE) : Germany’s power companies are preparing legal action against Chancellor Angela Merkel’s government for deciding to shut down some nuclear power stations, Der Spiegel reported today, without saying where it got the information. EON added 0.1 percent to 19.12 euros, while RWE climbed 0.1 percent to 38.17 euros.
GEA Group AG (G1A) (G1A GY): The engineering firm whose machines milk a third of the world’s dairy cows was raised to “equal weight” from “underweight” at Morgan Stanley. The shares fell 0.8 percent to 22.90 euros.
Porsche SE (PAH3 GY): The carmaker was downgraded to “neutral” from “buy” at UBS. The shares slipped 0.1 percent to 46.93 euros.
Q-Cells SE (QCE) : The solar company was raised to “neutral” from “sell” at UBS. The shares tumbled 4.6 percent to 1.63 euros.
To contact the editor responsible for this story: Andrew Rummer at email@example.com