STOCKS NEWS EUROPE-EVS rises on upgrade, strong order book

Shares in Belgium's EVS Broadcast Equipment (EVSB.BR) rise 1.7 percent after KBC Securities upgrades the stock to "accumulate" from "hold" and raises its price target following EVS's second quarter earnings report which reveals a better-than-expected order book [ID:nLQ155406].

KBC Securities analyst Nico Melsens says the company's "strong order book indicates that the recovery is materialising faster than we expected," raising his target price for EVS to 48 euros from 36 euros.

The Belgian mid-cap index .BELM trades down about 0.4 percent.

Reuters Messaging rm://anne.jolis.reuters.com@reuters.net