BASF, BMW, Daimler, Siemens, Volkswagen: 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 share prices are from the previous close.
March futures on Germany’s benchmark DAX Index increased 0.2 percent to 7,420 at 8:52 a.m. in Frankfurt. The DAX gained 0.1 percent to 7,400.04 yesterday.
BASF AG (BAS GY): Commerzbank AG raised its recommendation on the stock to “buy” from “add.” The stock increased 1.8 percent to 60.56 euros.
Bayerische Motoren Werke AG (BMW GY): The carmaker’s January European car registrations rose 20 percent, according to the ACEA industry group. The stock lost 2.3 percent to 61.98 euros.
Daimler AG (DAI GY): The company’s January European car registrations rose 14 percent, according to the ACEA industry group. The stock slid 1 percent to 55.98 euros.
Pfeiffer Vacuum Technology AG (PFV GY): The company’s 2010 operating profit increased to 52.9 million euros from 37.8 million euros, as revenue gained. The stock declined 0.9 percent to 93.77 euros.
Siemens AG (SIE GY): Barclays initiated coverage of the stock with an “overweight” rating. The stock retreated 0.2 percent to 94.84 euros.
Volkswagen AG (VOW3 GY): The carmaker’s January European car registrations rose 6 percent, the ACEA industry group said. The stock slipped 3.5 percent to 122.25 euros.
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