STOCKS NEWS EUROPE-Synergy Health up; Q1 in line

Shares in Synergy Health (SYR.L) gain 2.4 percent after the health services firm reports its first quarter trading is in line with its expectations, prompting Brewin Dolphin to raise its rating to "buy" from "add".

The company says sales in the period increased 9.7 percent to 72.6 million pounds, while net debt fell to 153 million pounds from 170 million pounds.

"Whilst economic headwinds cannot be underestimated, we feel the risk is skewed towards the upside ... on a 12-month basis there is a good chance of further positive newsflow we sense," says Brewin Dolphin in a note.

The broker also raises its price target to 600 pence from 470 pence.

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