RESEARCH ALERT-SG ups Faurecia to Buy from Sell

Newswire

PARIS, July 26 (Reuters) - SG Securities said on Monday that it had raised its rating on French car part maker Faurecia to "buy" from "sell" and lifted its price target to 70 euros from 58 euros following last week's solid earnings. On Friday, Faurecia posted a bigger-than-expected rise in first-half profits and confirmed it aimed to improve sales and the operating margin in the second half from the first. By 0922 GMT, Faurecia shares were 0.5 percent lower at 57.75 euros, while the ...

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