BASF, Deutsche Bank, Siemens, Lufthansa: German Equity Preview

By Holger Elfes and Stefanie Haxel

Sept. 16 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

DAX Index futures expiring in September dropped 103, or 1.7 percent, to 5,946.5 as of 8:08 a.m. in Frankfurt. The DAX fell 2.7 percent to 6,064.16.

BASF SE (BAS GY): Moody's Investors Service is reviewing long-term credit ratings on the world's largest chemical maker for downgrade after BASF agreed to buy Ciba Holding AG. The shares dropped 1.57 euros, or 4.2 percent, to 36.24.

Continental AG (CON GY): Credit Suisse Group AG lowered its recommendation for Europe's second-largest car-parts maker to ``neutral'' from ``outperform.'' Continental shares slipped 43 cents, or 0.6 percent, to 73.50 euros.

Daimler AG (DAI GY): The world's second-largest maker of luxury cars is being pressed by institutional investors to sell its truck unit, Handelsblatt said, citing SEB Asset Management and DWS fund managers. The shares declined 1.75 euros, or 4.3 percent, to 38.90.

Deutsche Bank AG (DBK GY): Germany's biggest lender is among European bank stocks that investors should avoid because they may be counterparties to bankrupt Lehman Brothers Holdings Inc., according to analysts at JPMorgan Chase & Co. Deutsche Bank shares fell 3.69 euros, or 6.4 percent, to 54.21 euros.

E.ON AG (EOAN GY): HSBC Holdings Plc rated Germany's biggest utility ``overweight'' in new coverage. The shares sank 79 cents, or 2.2 percent, to 35.72 euros.

Lufthansa AG (LHA GY): Europe's second-largest airline, which today agreed to buy 45 percent of Brussels Airlines, may be a preferred buyer for Alitalia SpA. Lufthansa shares dropped 20.5 cents, or 1.4 percent, to 14.835 euros.

Porsche SE (PAH3 GY): Credit Suisse upgraded the maker of the 911 sports car to ``outperform'' from ``underperform.'' The shares retreated 5.45 euros, or 6.1 percent, to 84.38 euros.

RWE AG (RWE GY): HSBC Holdings Plc rated the country's second-largest utility ``underweight'' in new coverage. The shares lost 90 cents, or 1.3 percent, to 66.28 euros.

SAP AG (SAP GY): Credit Suisse raised its recommendation for the world's largest maker of business-management software to ``outperform'' from ``neutral.'' The shares gained 86 cents, or 2.3 percent, to 38.15 euros.

Siemens AG (SIE GY): Europe's largest engineering company will sell its Machine Vision business to Spectris Plc, the U.K.'s largest maker of production-testing gear, by the end of the week. Siemens shares fell 89 cents, or 1.3 percent, to 68.57 euros.

To contact the reporter on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.