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STOCKS NEWS EUROPE-Italy's Amplifon up on Goldman note

Wed Sep 16, 2009 6:05am EDT

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Italy's hearing aid group Amplifon (AMPF.MI) is up 4.4 percent at 2.73 euros, hitting a three-month high after Goldman Sachs adds the stock to its "conviction buy list" on expectations of a sustained recovery in hearing aid sales.

"We believe the group is best placed in the sector to generate equity value in an economic recovery, reflecting its high financial and operational gearing," the broker says in a note.

Goldman also raises its price target on the stock to 3.6 euros from 3.4 euros.

Reuters Messaging rm://danilo.masoni.thomsonreuters.com@reuters.net


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