STOCKS NEWS EUROPE-DSG hits year high on broker upgrades

Shares in DSG International (DSGI.L) rise up to 11 percent to to a new 12-month high of 37.5 pence after Citi and Bernstein become the latest brokers to publish positive notes on Europe's second-biggest electrical goods retailer.

DSG's joint house broker Citi raises its year to April 2010 pretax profit forecast by 51 pct to 68 million pounds ($113.8 million), its target price to 45 pence from 29 pence and its investment recommendation to "buy" from "hold".

"DSG remains one of the most cyclical investment opportunities in the UK general retail universe," say analysts at Citi.

Bernstein raises its price target for DSG to 35 pence from 28 pence, with a "market perform" rating.

On Tuesday, UBS raised its full-year profit forecast by 8 percent.

Reuters Messaging rm://james.davey.reuters.com@reuters.net ($1=.5973 Pound)