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STOCKS NEWS EUROPE-Recticel tops Belgian risers on sales update

Reuters - UK Focus

Shares in Belgian foam producer Recticel (Brussels: REC.BR - news) rise 3.1 percent to 7.1 euros and the the top of Belgium's All-share Index on the back of robust first-quarter sales figures.

KBC Securities raises its price target to 8 euros from 7.50 euros, saying that Recticel's end markets seemed finally to be improving after years of deterioration. Bank Degroof ups its target to 7.75 euros from 7.15 euros.

Recticel's stock price is up about 25 percent this year as growth prospects have been boosted by improving auto and construction sectors.

Reuters messaging rm://anna.nicolaou.thomsonreuters.com@reuters.net