Bloomberg reported that Kloeckner & Co SE gained as much as 5.4% in Frankfurt trading after JPMorgan Chase & Co lifted its recommendation on the German steel trader to 'overweight' from 'neutral'.

Kloeckner advanced as much as 86 cents to EUR 16.86 and traded at EUR 16.45 as of 9:08 AM in Frankfurt.

(Sourced from www.bloomberg.net)