STOCKS NEWS EUROPE-Q-Cells gains; Goldman upgrades to "neutral"
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15:38GMT 04Feb2009-Q-Cells gains; Goldman upgrades to "neutral"
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Shares in German solar cell producer Q-Cells (QCEG.DE) rise 5.1 percent in Frankfurt's technology index .TECDAX, after Goldman Sachs upgrades the stock to "neutral" from "sell" and removes it from its "Conviction Sell List", citing "a period of underperformance".
"We remain concerned about Q-Cells relative to key peers (like SolarWorld (SWVG.DE)), but believe the current valuation is fair and now see limited downside," Goldman Sachs says in a note.
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15:23GMT 04Feb2009-Crucell shares jump on new Sanofi bid talk
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Shares in Dutch biotech company Crucell (CRCL.AS) rise more than 6 percent on renewed speculation that French pharma group Sanofi-Aventis (SASY.PA) could be planning a takeover bid.
"There is talk of possible interest from Sanofi. Crucell is one of the stocks investors think might be a takeover target. That's the main question, will it be taken over soon or later," an Amsterdam trader says.
Sanofi has repeatedly declined to comment on speculation it could be interested in Crucell, but is expected to make acquisitions this year to boost its growth. [ID:nL3111548]
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