Shares in Swiss specialty chemicals company Clariant
rise to their highest level since July 2011 after the
company lifts its dividend 10 percent and says it sees stronger
profit margins and earnings ahead.
"Despite the short term uncertainty regarding economic
prospects we believe that the transformational changes of the
group will continue and help drive well above industry average
earnings per share growth," says Vontobel analyst Patrick
Rafaisz, confirming his buy rating on the company.
Shares rise as higher as 14.25 Swiss francs before coming
off slightly to trade up 1.8 percent at 13.67 francs, outpacing
a 0.3 percent rise in the STOXX Europe 600 Chemicals Index
For more double click on