STOCKS NEWS EUROPE-Liberty Int'l up; UBS ups to "neutral"

Shares in Liberty International (LII.L) gain 1.6 percent in a weaker broader market, supported by an upgrade to "neutral" from "sell" by UBS on a valution perspective, with its target price left unchanged at 380 pence.

UBS points out that Liberty's share price has pulled back 11 percent since its peak on June 11, compared with a 7 percent fall by the FTSE 350 index and a 10 percent decline by the UK real estate sector.

The broker says in the sector, at current prices, it favours British Land (BLND.L) and Corio (COR.AS) as its preferred European exposure and remains cautious on Great Portland Esates (GPOR.L) and the Spanish real estate companies.

British Land shares add 0.8 percent, Great Portland is up 1 percent and Corio gains 0.5 percent.

Reuters Messaging rm://jon.hopkins.reuters.com@reuters.net