Brussels shares TFN market data at 10.08 am; Mobistar leads

Brussels shares TFN market data at 10.08 am; Mobistar leads

	Published : Wed, 24 Oct 2007 09:10 By : Agencies Print this Story

BRUSSELS (Thomson Financial) - Brussels shares TFN market data at 10.08 am:

Main index

-Bel 20 down 2.93 points or 0.07 pct at 4,401.47

Bel 20 gainers

-Mobistar up 1.09 eur or 1.80 pct at 61.60 after Q3 trading update which analysts described as 'in-line'. Degroof reduces target price to 66 eur vs 67, maintains 'accumulate'; ING maintains 'hold', 63 eur target.

-Dexia up 0.09 eur or 0.41 pct at 21.89

-InBev up 0.11 eur or 0.17 pct at 64.91

Bel 20 fallers

-Delhaize down 0.45 eur or 0.69 pct at 65.09. Degroof maintains 'hold' and 70 eur target price.

-Suez down 0.25 eur or 0.57 pct at 43.54

-KBC down 0.14 eur or 0.14 pct at 96.80

-Fortis down 0.05 eur or 0.23 pct at 22.03

Outside the Bel 20

-Galapagos up 1.35 eur or 19.85 pct at 8.15 on news of partnership with Janssen Pharmaceutica, raised FY guidance. ING maintains 'hold' and 7.30 eur target, KBC 'accumulate' and 9 eur target.

-Barco up 0.60 eur or 1.00 pct at 60.45 following Q3 results which saw net up to 8.5 mln eur vs 6.7 mln and EBIT 8.2 mln eur vs 7.2 mln -- which Petercam analysts described as 'below forecast', while maintaining a 'hold' rating and 66 eur target price. Co ups FY sales growth target. Degroof maintains 'accumulate' and 72 eur target. ING maintains 'buy' and 80 eur target.

-Cumerio up 0.18 eur or 0.62 pct at 29.09; ING downgrades to 'hold' from 'buy', target price 30 eur vs 32.

-Euronav down 0.24 eur or 1.16 pct at 20.95 after Q3 results recorded a net loss of 23.3 mln usd vs 51.4 mln profit last year. ING described the results as 'as weak as it can get', while maintaining 'hold' and 25 eur target. KBC maintains 'accumulate' and 29 eur target, saying it 'is still trading at an attractive 30 pct discount to net asset value'.

-Melexis down 1.10 eur or 8.66 pct at 11.60 after 'disappointing' 2008 outlook and flat Q3 results. Degroof maintains 'accumulate' and 14.50 eur target; ING sticks to 'buy' and 14.50 target. KBC maintains 'buy' and 15 eur target; Rabo maintains 'hold' and 14.50 target.

phil.mccomish@thomson.com

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