BUZZ-Thyssen gains as Commerzbank ups price target
** Shares (Berlin: DI6.BE - news) in ThyssenKrupp (Xetra: TKA.DE - news) rise 1.7 percent to the top of Germany's blue-chip DAX index in early trade after broker Commerzbank (Xetra: CBK100 - news) ups EPS estimates & price target.
** Commerzbank analysts raise EBIT forecast by 2 percent for 2014 & by 7 percent for 2015.
** Broker has a 4-star StarMine rating on the stock for recommendations over past 3 years.
** Cites better outlook for the company's Industrial Solutions and Steel Europe divisions.
** Target (NYSE: TGT - news) price upped to 26 euros from 23 euros. Commerzbank now has highest target price on Street along with Espirito Santo & JPMorgan.
** ThyssenKrupp trades at 21.1 times estimated 12-month forward P/E, a premium to top peer ArcelorMittal (Other OTC: AMSYF - news) , according to Thomson Reuters StarMine.
** Stock is up 23 percent so far this year, while Arcelor has dropped by 16 percent. ($1 = 0.7331 Euros) (Reuters messaging rm://maria.sheahan.thomsonreuters.com@reuters.net)