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STOCKS NEWS EUROPE-Loewe plummets; lowers sales outlook

Tue Oct 27, 2009 4:23am EDT

Stocks

   

Shares in Loewe (LOEG.DE) plunge 9.9 percent to the bottom of Frankfurt's smallcap index .SDAXI after the German specialty electronics company releases preliminary nine-month results and lowers its 2009 sales outlook.

"All in all we expect the stock to come under pressure," DZ Bank writes in a note, adding that investors should use the possible share price weakness to buy into the stock.

Earlier this month, main rival Bang & Olufsen (BOb.CO) reported smaller-than-forecast losses for the first quarter of its 2009-10 financial year and stood by its guidance for a break-even result for the full year. For more double click on [ID:nEQplcxvee], [ID:nL8187699]

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net


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