STOCKS NEWS EUROPE-Metro shares seen down after Q3 results
Shares in Metro (Other OTC: MTRAF - news) are indicated 2.6 percent lower in pre-market trade after the German retailer says third-quarter sales fall 2.1 percent due to a hit from foreign exchange rates.
DZ Bank analyst Herbert Sturm keeps a "sell" rating on the company's stock, saying the fair value per share remains unchanged at 27.50 euros following the results. The group's shares closed at 32.935 euros on Wednesday.
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Reuters messaging rm://christoph.steitz.thomsonreuters.com@reuters.net