By Nadja Brandt and Stefanie Haxel
Nov. 7 (Bloomberg) -- The following companies may have unusual price changes in German trading. Stock symbols are in parentheses, and share prices are from the previous close.
DAX Index futures expiring in December fell 46.5, or 1 percent, to 4,776 as of 8:10 a.m. in Frankfurt. The DAX declined 6.8 percent to 4,813.57 yesterday.
Celesio AG (CLS1 GY): A European Union court ruling allowing drugstore chains into Germany's 35 billion-euro ($44.6 billion) pharmacy market may boost sales of Europe's biggest drug wholesaler by about 20 percent even as the country slips close to a recession. Celesio shares lost 58 cents, to 2.4 percent, to 24.02 euros.
Comdirect Bank AG (COM GY): Germany's biggest online broker said it carried out 48 percent more trades for customers in October than the month before. The shares slid 32 cents, or 5.4 percent, to 5.57 euros.
Deutz AG (DEZ GY): The maker of diesel engines for trucks and ships reported a third-quarter net loss of 2.3 million euros, compared with a profit of 116.8 million euros a year earlier, and said it may not meet its full-year targets as demand slumps. The shares tumbled 32 cents, or 11 percent, to 2.56 euros.
Henkel AG & Co. KGaA (HEN3 GY): UBS AG downgraded the maker of Loctite glue and Persil detergent to ``neutral'' from ``buy.'' The shares sank 1.63 euros, or 7 percent, to 21.63.
MLP AG (MLP GY): JPMorgan Chase & Co. cut its recommendation for Germany's third-biggest financial-services broker to ``underweight'' from ``neutral.'' The shares slipped 24 cents, or 2.2 percent, to 10.61 euros.
Munich Re (MUV2 GY): The world's biggest reinsurer cut its annual profit target for a second time this year after third- quarter earnings slumped on investment writedowns and costs for two U.S. hurricanes.
Third-quarter net income dropped to 7 million euros from 1.2 billion euros a year-earlier, missing the 112 million-euro median analyst estimate in a Bloomberg survey. The shares fell 5.57 euros, or 5.5 percent, to 96.36.
Schmack Biogas AG (SB1 GY): The builder of plants used to make gas from waste said it may post a profit next year as the company cuts costs and orders rebound following regulatory changes. Schmack Biogas shares declined 29 cents, or 7.4 percent, to 3.63 euros.
Siemens AG (SIE GY): UBS lowered its recommendation on shares of Europe's largest engineering company to ``sell'' from ``buy.'' The stock plunged 4.92 euros, or 10 percent, to 44.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net
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