STOCKS NEWS EUROPE-Henkel gains on Commerzbank upgrade
Shares in Henkel (HNKG_p.DE) rise 2.2 percent to the top of Germany's blue-chip index .GDAXI after Commerzbank upgrades the stock to "add" from "hold" and raises its price target to 45 euros from 37 euros. "We increase our assumptions for profitability as we had underestimated the magnitude of cost savings. On the back of restructuring benefits and operating leverage, earnings momentum looks set to accelerate in H1 2010," the broker writes.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.