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STOCKS NEWS EUROPE-BMW gains as Deutsche Bank lifts to 'buy'

Reuters - UK Focus

Shares in BMW (Berlin: BMW.BE - news) rise 1.8 percent to the top of Germany's blue-chip index after Deutsche Bank (Xetra: DBK.DE - news) raises its recommendation on the premium car maker's stock to "buy" from "hold", citing a stronger than expected outlook for this year.

"BMW anticipates up to 100 basis points of positive pricing within the current year, a dramatic shift against the past 24 months," Deutsche Bank analysts say, lifting their target price on the stock to 103 euros from 71 euros.

BMW's stock has advanced by almost 10 percent over the past six months, underperforming a 13 percent gain by the STOXX Europe 600 Automobiles & Parts index.

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