STOCKS NEWS EUROPE-Tubacex gains on Deutsche Bank upgrade

Shares in Spain's Tubacex (TUBA.MC) gain 2.7 percent to 2.69 euros, one of the session's top gainers, after a Deutsche Bank upgrade to "buy" from "hold" on upside share price potential.

In a research note, Deutsche Bank says weakening demand and lack of visibility is already reflected in Tubacex' share price, which the broker says "now looks far more attractive."

Deutsche Bank has a 4.0 euro price target on the seamless stainless tube maker.

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