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 3.1% as Citigroup upgraded
the supermarket chain to buy, according to Dow Jones Newswires.
Shares of Lloyds Banking Group PLC (LYG) gained 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 -- let them make more money from their retail
operations.
Decliners
L'Oréal SA lost 1.3% 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% as J.P. Morgan Cazenove
cut the tire maker to neutral from overweight.
Deutsche Lufthansa AG gave up 1.5% after the pilot's union
Vereinigung Cockpit announced a strike for Wednesday for departures
from Munich airport.
Munich Reinsurance Co. fell 1.5% and Swiss Re AG erased 0.9% as
Credit Suisse cut both companies to underperform from neutral.
Shares of Electrolux AB lost 3.3% as UBS cut the home-appliances
maker to neutral from buy.
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