By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- Here are some of the companies whose
shares are making notable moves in European trade on Tuesday.
Gainers
Wm Morrison Supermarkets PLC climbed 2.5% as Citigroup upgraded
the supermarkets chain to buy, according to Dow Jones
Newswires.
ArcelorMittal added 0.5% as Credit Suisse lifted the steelmaker to outperform from neutral.
Shares of Lloyds Banking Group PLC (LYG) put on 1.5% and
Barclays PLC (BCS) rose 0.4% as HSBC lifted the two banks to
overweight from neutral. HSBC said that the expected hike in U.K.
interest rates would -- contrary to what it described as the
conventional wisdom -- be let them make more money from their
retail operations.
Decliners
L'Oréal SA lost 1.7% after Chief Executive Jean-Paul Agon cut
his forecast for growth in the global cosmetics market in an
interview with French daily Le Figaro.
Shares of Pirelli & C SpA dropped 1.2% as J.P. Morgan
Cazenove cut the tire maker to neutral from overweight.
Deutsche Lufthansa AG gave up 2.1% after the pilot's union
Vereinigung Cockpit announced a strike for Wednesday for departures
from Munich airport.
Munich Reinsurance Co. fell 1.8% and Swiss Re AG erased 1.2% as
Credit Suisse cut both companies to underperform from neutral.
Shares of Electrolux AB lost 3.6% as UBS cut the home-appliances
maker to neutral from buy.
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