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BUZZ-GKN climbs on BAML double upgrade

Reuters - UK Focus

Jan 8 (Reuters) - ** Double upgrade from Bank of America (Swiss: BAC.SW - news) Merrill Lynch to "buy" from "underperform" lifts GKN (LSE: GKN.L - news) by 5.3 pct, making the stock the second highest gainer on Britain's FTSE 100 index

** Broker says GKN, a supplier of components to plane and car makers, is through the worst of a hit from aerospace weakness and will benefit in 2016 and 2017 from ramp up in production of Airbus's A350 and A320 and Boeing (NYSE: BA - news) 'S 737

** Regarding car parts, BAML says that it is cautious on China and notes that it estimates GKN is less exposed to China than other suppliers

** BAML puts a 345 pence per share target on the stock, implying a 19 pct move higher from current levels

(RM (LSE: RM.L - news) :sarah.young@thomsonreuters.com@reuters.net)