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    Wednesday, November 25, 2009

    Groupe Eurotunnel Initiated At Overweight

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    By Polya Lesova
    MarketWatch Pulse
       

      FRANKFURT -- Groupe Eurotunnel SA , the France-based company operating the Channel Tunnel between the U.K. and France, was rated overweight on Wednesday at Morgan Stanley, which initiated coverage of the stock. "We see its truck market share recovering in two to three years from 24% to the 40% it held before the fire in September 2008, while the market seems to be pricing in a limited recovery," Morgan Stanley analysts wrote in a note to clients.

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