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BUZZ-Premier Farnell: Credit Suisse upgrades stock on dividend play

** Electronics distribution co Premier Farnell (LSE: PFL.L - news) 's shares rise as much as 7 pct, after Credit Suisse (NYSE: CS - news) upgrade the stock to "outperform" from "neutral", saying despite stretched yields dividend remains relatively safe over the medium-term

** The brokerage raises TP on stock to 210p from 160p, still slightly short of a mean TP of 203.25p

** Stock touches an over yr-high of 200p to become 2nd largest pct gainer on the FTSE-250

** "We believe that PFL is the logical share to own in the space if an investor is looking for pure dividend yield," CS analysts write in a note

** Out of the 13 analysts covering the stock, 8 have a "strong buy" or "buy" rating on it, Reuters data shows