STOCKS NEWS EUROPE-Rational up as Deutsche Bank upgrades

Shares in Rational (RAAG.DE) gain 1.3 percent as Deutsche Bank upgrades its stance on the kitchen supplies expert to "hold" from "sell" and lifts its price target to 115 euros from 58 euros. "Rational's third-quarter results left us positively surprised in terms of underlying margin trends and the company's ability to adjust capacities. Encouraged by further signs of recovery, we are also warming up to the company due to its growth prospects," the brokerage says in a note to clients.

The brokerage says, however, that forecasts are not undemanding against low visibility, and with stainless steel prices on the rise again it considers the earnings surprise potential limited.

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