(Updates with share move of the company and its peers)
** Shares in German wholesaler Metro are down 3.6% in early Frankfurt trade after Deutsche Bank downgrades to "sell" from "hold" and cuts price target to 13 euros from 16 euros
** The brokerage upgrades UK peers Sainsbury's and Morrisons to "buy"
** It raises its price target on Casino to 36 euros from 34 euros
** Drops coverage of Spain's DIA ("hold") due to changes in team focus
** Shares of DIA -0.1%, Morrisons -0.6%, Sainsbury's -1.5%, Casino +1.7%