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Glance-STOCKS NEWS EUROPE-Fuchs Petrolub up; WestLB keeps 'buy' rating
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10:23GMT 03Dec2008-Fuchs Petrolub (Xetra: 579040 - news) up; WestLB keeps 'buy' rating
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Shares in German lubricants maker Fuchs Petrolub rise 2.3
percent to feature among the top gainers on Frankfurt's midcap index
after WestLB retains its 'buy' rating on the stock.
'Fuchs Petrolub is authorised to buy back shares until November 2009,'
writes WestLB analyst Michael Gorny, saying that he expects the company to buy
back the maximum of 10 percent of ordinary and preference shares by
the end of May 2009.
'Due to this and a higher dividend and liquidity we recommend that
investors pick up the preference shares,' Gorny adds.
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