STOCKS NEWS AFRICA-FirstRand extends gains on Credit Suisse upgrade

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0913GMT 10Oct12 - FirstRand extends gains on Credit Suisse upgrade ------------------------------------------------------------------

Shares of FirstRand Ltd rise for a second session, adding 1.4percent to 26.35 rand after Credit Suisse lifts its rating on South Africa'ssecond-largest lender to "outperform" from "neutral", citing the quality andvisibility of earnings growth, an attractive valuation and its growth strategy.

Credit Suisse, which says FirstRand is its preferred pick among large SouthAfrican banks, also raised its price target for the stock to 32.60 rand from29.70 rand.

Reuters Messaging: david.dolan.thomsonreuters.com@reuters.net