Shares in Metro AG (Xetra: 725750 - news) are indicated to rise 2.8 percent in pre-market trade after UBS (Berlin: UBRA.BE - news) raises its recommendation on the stock to 'buy' from 'neutral', citing hopes for further asset disposals and a solid development at the company's Cash & Carry business.
"Any larger disposals would, in our view, improve investor sentiment substantially, as Metro (Other OTC: MTRAF - news) morphs into a more focused company built around its main C&C (Cash & Carry) division," UBS analysts write in a note.
Shares in Metro AG have lost about 30 percent of their value over the past year but are up 3.6 percent since the start of 2013.
Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net
