STOCKS NEWS EUROPE-Croda boosted by Credit Suisse upgrade

Shares in speciality chemical maker Croda International (Other OTC: COIHF - news) are the third top risers on Britain's FTSE 100 (FTSE: ^FTSE - news) index, up 1 percent, with traders citing the impact of a Credit Suisse (NYSE: CS - news) upgrade to "outperform" from "neutral".

"We believe the company has successfully transitioned through a profitability improvement period to a top-line driven growth period," said the bank, forecasting a return to 8-10 percent organic growth.

Based on the Thomson Reuters' StarMine Analysts Revision Model (ARM) - which measures analysts' revision of key indicators such as earnings and revenue estimates and changes to their ratings - Croda is ranked above London-listed peers Johnson Matthey (LSE: JMAT.L - news) and Victrex (LSE: VCT.L - news) .

Johnson Matthey and Victrex have ARM scores of 63 and 54 respectively, with that for Croda at 69.

While Credit Suisse has lifted its rating to "outperform", the mean analyst rating for Croda is a "hold", StarMine data shows.

Trading volume in Croda stands at 24 percent of its 90-day daily average, against the FTSE 100 at 16 percent.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net