STOCKS NEWS EUROPE-Suedzucker falls on downbeat Goldman comments

Shares in Suedzucker (Other OTC: SUEZF - news) fall 4.1 percent to the bottom of Germany's mid-cap index after Goldman Sachs (NYSE: GS-PB - news) adds the sugar maker's stock to its "Conviction Sell List", citing recent outperformance and growth headwinds.

"We believe Suedzucker faces a multi-year negative growth outlook as sugar prices continue to fall and quotas are abolished in 2017," Goldman analysts say in a note to clients, adding they expect Suedzucker's 2015 guidance, which it is due to issue on May 15, to reflect that outlook.

Suedzucker shares have gained 6 percent over the past month, outperforming a 2.7 percent decline by the MDAX index. Goldman says it sees Suedzucker's outperformance, with a re-rating to more than 14 times 12-month forward price-earnings, as a "key selling opportunity".

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