STOCKS NEWS EUROPE-Suedzucker falls as Commerzbank cuts to 'sell'

Shares in Suedzucker (Other OTC: SUEZF - news) slide 1.6 percent to 15.97 euros to the bottom of Germany's mid-cap index in early trade as Commerzbank (Xetra: CBK100 - news) cuts its recommendation on the stock to "sell" from "reduce", a day after the sugar producer issued another profit warning, traders say.

"We retain our negative view on Suedzucker as we struggle to see positive news flow in the coming quarters," Commerzbank analyst Dennis Schmitt says in a note to clients, saying the company's 2014/15 outlook was "horrible" and cutting his price target to 12 euros from 17 euros.

According to traders, Goldman Sachs (NYSE: GS-PB - news) has also cut its price target on Suedzucker, to 8 euros form 13 euros.

Suedzucker warned on Tuesday that it expects another drop in revenues and profits this year amid weak sugar and bioethanol prices, triggering the stock's biggest intraday drop ever.

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