Heidelberger Druck, IVG, Douglas: German Equity Market Preview

By Patrick Donahue and Julie Cruz

Oct. 8 (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 December rallied 1.2 percent to 5,722.50. The DAX Index fell 16.89, or 0.3 percent, to 5,640.75.

BASF AG (BAS GY) Wacker Chemie AG (WCH GY) and Altana AG (ALT GY): The three companies are among German chemicals companies that have cut back on the use of reduced working hours for employees, indicating the industry is showing signs of recovery, Financial Times Deutschland reported, citing its own survey.

BASF shares added 0.3 percent to 36.24, while Wacker rose 1 percent to 109.67 euros. Altana shares gained 0.3 percent.

Beiersdorf AG (BEI GY): The German maker of Nivea skin cream had its price projection lifted to 37 euros from 28 euros at Morgan Stanley. The shares climbed 0.4 percent to 40.56 euros.

Deutsche Bank AG (DBK GY): Germany’s largest bank had its price estimate raised to 57 euros from 53 euros at Morgan Stanley. The shares dropped 0.6 percent to 52.54 euros.

Douglas Holding AG (DOU GY): Europe’s largest makeup and perfume retailer said it will reach its profit forecast for 2009. The shares rose 0.4 percent to 31.34 euros.

Heidelberger Druckmaschinen AG (HDD GY): The world’s largest maker of printing presses reached a job-cuts agreement with its workers in Germany as part of a plan to slash 4,000 jobs worldwide and reduce costs by the 2011 fiscal year. The shares increased 1.4 percent to 7.10 euros.

Hugo Boss AG (BOS GY): The German clothing maker expects to post a profit in 2009 while sales will decline, Handelsblatt reported today, citing Chief Executive Officer Claus-Dietrich Lahrs. The shares added 0.4 percent to 21.03 euros.

IVG Immobilien AG (IVG GY): Germany’s largest commercial- property company will no longer rule out a share sale to boost capital, Chief Executive Officer Gerhard Niesslein told Financial Times Deutschland in an interview. The shares gained 1.9 percent to 7.54 euros.

Kloeckner & Co SE (KCO GY): The steel trader was raised to “overweight” from “neutral” at JPMorgan Chase & Co. The shares slid 1.8 percent to 16 euros.

To contact the reporters on this story: Patrick Donahue in Berlin at at pdonahue1@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net