DJ MARKET TALK: HVB Upgrades MAN On Scania Investor Stk Hike

11/08/06 - Dow Jones Newswires

1151 GMT [Dow Jones] HVB ups MAN (MAN.XE) to outperform from underperform, lifts target to EUR80 from EUR60 after Scania's (SCV-A.SK) share holder Investor (INVE-B.SK) increased its stake in Scania, MAN's takeover target. Says the move makes a takeover by MAN rather unlikely. Says concerns about an excessively high purchase price have eased and lead to the upgrade along with the new model valuation for MAN which doesn't include Scania anymore. Shares +0.1% at EUR72.90. (JUM)

 
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(END) Dow Jones Newswires

November 08, 2006 06:51 ET (11:51 GMT)

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