RESEARCH ALERT-Panmure raises Phoenix IT Group to buy

Oct 4 (Reuters) - Phoenix IT Group PLC :

* Panmure raises Phoenix IT Group Plc to buy from hold; target price

to 173p from 147p

For a summary of rating actions and price target changes on European companies:

Reuters Eikon users, click on

Reuters 3000Xtra users, double-click

Reuters Station users, click .1580

((Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))