European Movers: Pernod Ricard, Munich Re, Arcelor Mittal
Plus more European stocks making headlines Monday
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PERNOD RICARD was up €3.45 to €153.78... The company is close to clinching the £1 billion purchase of the Stolichnaya vodka brand in a move that could pave the way for the company to challenge the UK's Diageo as the world's leading alcoholic drinks group, according to The Mail on Sunday.
ALCATEL-LUCENT (ALU) was down €0.28 to €5.16... UBS lowers target to €6 from €7 - Broker says mobile market remains challenging and uncertain, expecting to see a decline by 11% in fiscal 2007. Therefore, believes GSM and CDMA will be down in 2008. The company reiterates neutral.