Daimler, Hypo Real Estate, Premiere, TUI: German Equity Preview

By Nadja Brandt and Sheenagh Matthews

Oct. 9 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the previous close.

DAX Index futures expiring in December added 1 percent to 5,105 as of 8:23 a.m. in Frankfurt. The DAX slumped 5.9 percent to 5,013.62 yesterday.

Bayerische Motoren Werke AG (BMW GY): The world's largest maker of luxury cars was raised to ``buy'' from ``sell'' at Royal Bank of Scotland Group Plc. The stock slid 1.88 euros, or 7.7 percent, to 22.66.


Daimler AG (DAI GY): The world's biggest maker of heavy commercial vehicles was downgraded to ``sell'' from ``hold'' at Royal Bank of Scotland. The stock slumped 2.57 euros, or 9.4 percent, to 24.83.

Deutsche Lufthansa AG (LHA GY): Europe's second-biggest airline had its share-price estimate cut 1 percent to 14.16 euros at Morgan Stanley. The stock fell 61 cents, or 4.9 percent, to 11.86 euros.

Fielmann AG (FIE GY): Europe's largest chain of optical stores was rated ``overweight'' in new coverage at HSBC Holdings Plc. The shares lost 3.25 euros, or 6.7 percent, to 45.35.

Hypo Real Estate Holding AG (HRX GY): Kurt Viermetz, supervisory board chairman of the commercial property lender that needed a 50 billion-euro ($68 billion) bailout, has lost the support of major shareholder J.C. Flowers & Co., Sueddeutsche Zeitung reported, citing unidentified people in the financial industry. The stock dropped 36 cents, or 8 percent, to 4.12.

MTU Aero Engines Holding AG (MTX GY): The largest independent provider of jet-engine maintenance was cut to ``equal weight'' from overweight'' by analysts at Morgan Stanley. The stock fell 73 cents, or 4.6 percent, to 15.29 euros.

Premiere AG (PRE GY): The pay-television company partly owned by News Corp. said Oliver Kaltner, head of sales and marketing, has left the company after three months. The shares fell 35 cents, or 13 percent, to 2.32 euros.

SAF-Holland SA (SFQ GY): The supplier of parts for heavy- truck trailers that sold shares last year lowered its forecast because of ``repercussions of the financial crisis,'' fluctuating commodity prices and a rise in diesel prices. The stock added 5 cents, or 0.9 percent, to 5.45 euros.

Solarworld AG (SWV GY): Germany's third-largest solar company was rated ``underperform'' in new coverage at Credit Suisse Group AG, which cited risks to margins.

Separately, Macquarie Group Ltd. analyst Benjamin Kluftinger rated Solarworld ``outperform'' in new coverage. The stock declined 1.10 euros, or 5.3 percent, to 19.74.

TUI AG (TUI1 GY): The travel company wants to sell its TUIfly budget airline to Air Berlin Plc after talks with Lufthansa AG's budget carrier Germanwings failed, Sueddeutsche Zeitung reported, without saying where it got the information.

Separately, Guy Wyser-Pratte, the U.S. activist investor who controls a stake of about 1 percent in TUI, said he has refrained from reducing his holding as the stock has dropped in recent weeks. The shares fell 57 cents, or 5.5 percent, to 9.70 euros.

Volkswagen AG (VOW GY): Europe's largest carmaker was cut to ``sell'' from ``hold'' at Royal Bank of Scotland. The stock gained 7.25 euros, or 2.5 percent, to 294.25.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net