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French Stocks: Arkema, Hermes International, STMicroelectronics

Dec. 3 (Bloomberg) -- France’s CAC 40 Index gained 3.51, or 0.1 percent, to 3,750.55 at the 5:30 p.m. close in Paris, extending this week’s advance to 0.6 percent. The SBF 120 Index was little changed.

The following is a list of companies whose shares either rose or fell in the French capital. Stock symbols are in parentheses.

Arkema SA (AKE FP) jumped 3.4 percent to 52.17 euros after JPMorgan Chase & Co. and Morgan Stanley raised their share-price estimates for the maker of acrylics, citing improved prospects for 2011.

JPMorgan raised its price estimate by 8 percent to 54 euros and Morgan Stanley lifted its target 13 percent to 62 euros.

Hermes International SCA (RMS FP) dropped 9.3 percent to 150.55 euros, snapping a three-day rally. The family shareholders of the luxury accessories maker may discuss ways to allow them to sell stock while preventing rival LVMH Moet Hennessy Louis Vuitton SA (MC FP) from gaining control, according to two people familiar with the plans. LVMH slid 0.4 percent to 121.70 euros.

STMicroelectronics NV (STM FP) climbed 7.1 percent to 7.46 euros after Exane BNP Paribas upgraded Europe’s largest semiconductor maker to “outperform” from “neutral.”

-- Editors: Andrew Rummer, Steve Rhinds.

To contact the reporters on this story: Sarah Jones in London at sjones35@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

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