DJ MARKET TALK: HVB Cuts Altana To Underperform From Neutral

11/02/06 - Dow Jones Newswires

1603 GMT [Dow Jones] HVB downgrades Altana (AAA) to underperform from neutral, as the share currently trades around its current EUR45 target price. Nevertheless, says the 3Q results beat expectations, helped largely by the book gain from Altana's GPC (GPC.XE) stake disposal, good Pantoprazole sales, and a better-than-projected performance in the pigment subsegment. Shares +3.1% at EUR44.93. (HAD)

 
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(END) Dow Jones Newswires

November 02, 2006 11:03 ET (16:03 GMT)

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