STOCKS NEWS UK-Liberty Intl rises as UBS ups to 'neutral'

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09:11GMT 10Jul2009-Liberty Intl rises as UBS ups to 'neutral'

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Shares in Liberty International (LII.L) gain 1.6 percent in a weaker broader market, supported by an upgrade to "neutral" from "sell" by UBS on a valution perspective, with its target price left unchanged at 380 pence.

UBS points out that Liberty's share price has pulled back 11 percent since its peak on June 11, compared with a 7 percent fall by the FTSE 350 index and a 10 percent decline by the UK real estate sector.

The broker says in the sector, at current prices, it favours British Land (BLND.L) and Corio (COR.AS) as its preferred European exposure and remains cautious on Great Portland Esates (GPOR.L) and the Spanish real estate companies.

British Land shares add 0.8 percent, Great Portland is up 1 percent and Corio gains 0.5 percent.

Reuters Messaging rm://jon.hopkins.reuters.com@reuters.net

08:24GMT-Pearson gains; Credit Suisse upgrades

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Shares in Pearson (PSON.L) take on 1.8 percent after Credit Suisse raises its rating for the publishing group to "outperform" from "neutral", mainly on valuation grounds.

The broker notes that Pearson shares have fallen 18 percent over the last quarter, underperforming the market by 24 percent with media valuations having converged as the market has tarred all media with the same brush.