STOCKS NEWS EUROPE-SGL Carbon slumps on outlook

Shares in graphite electrodes maker SGL Carbon (SGCG.DE) drop more than 8 percent to the bottom of Frankfurt's midcap index .MDAXI after the company says second-half EBIT will stagnate at the first-half's level, indicating that the 2009 figure will fall by more than half year-on-year.

"We may lower our earnings estimates for 2009 and the forthcoming years," DZ Bank analyst Dirk Schlamp writes in a note, keeping a "sell" rating on the stock. For more double click on [ID:nL5166545]

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