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STOCKS NEWS EUROPE-Croda boosted by Credit Suisse upgrade

Reuters - UK Focus

Shares in speciality chemical maker Croda International (Other OTC: COIHF - news) are the third top risers on Britain's FTSE 100 (FTSE: ^FTSE - news) index, up 1 percent, with traders citing the impact of a Credit Suisse (NYSE: CS - news) upgrade to "outperform" from "neutral".

"We believe the company has successfully transitioned through a profitability improvement period to a top-line driven growth period," said the bank, forecasting a return to 8-10 percent organic growth.

Based on the Thomson Reuters' StarMine Analysts Revision Model (ARM) - which measures analysts' revision of key indicators such as earnings and revenue estimates and changes to their ratings - Croda is ranked above London-listed peers Johnson Matthey (LSE: JMAT.L - news) and Victrex (LSE: VCT.L - news) .

Johnson Matthey and Victrex have ARM scores of 63 and 54 respectively, with that for Croda at 69.

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While Credit Suisse has lifted its rating to "outperform", the mean analyst rating for Croda is a "hold", StarMine data shows.

Trading volume in Croda stands at 24 percent of its 90-day daily average, against the FTSE 100 at 16 percent.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net