STOCKS NEWS EUROPE-HeidelbergCement gains on Berenberg upgrade

Shares in HeidelbergCement rise 1.8 percent to the top of Germany's blue-chip DAX index as Berenberg raises its recommendation on the stock to "buy" from "hold", saying concern over risks from the cement maker's Indonesian holding were overdone, traders say.

"We have reviewed HeidelbergCement's Indonesian exposures and our scenario analysis suggests that downside risk posed by a temporary slowdown here is relatively limited," Berenberg analysts say in a note, raising their price target to 63 euros from 50 euros.

Shares in HeidelbergCement have gained 21 percent so far this year, compared with a 22 percent increase by the DAX index.

Reuters messaging: rm://maria.sheahan.thomsonreuters.com@reuters.net