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European Stocks to Watch: Sonae, Next, Fortis, Dexia, Telenor and Metro

Here some of Thursday's big movers on European stock markets: Sonae, Next, Fortis, Dexia, Telenor and Metro.

Sonae (up 6.10%) Portuguese conglomerate Sonae’s shares jumped after UBS lifted its target price for the stock, traders told Reuters on Thursday.

Next (up 4.44%) Britain’s second-largest clothing retailer is up after posting full-year net profit earnings that beat analysts’ expectations.

Fortis (up 4.44%) and Dexia (up 3.74%) Shares of Fortis and Belgium bank Dexia are up on talk of Dutch group ING looking to make a possible acquisition.

Telenor (down 2.13%) The Norwegian telecoms group cut earnings and revenue forecasts late Wednesday.

Metro (down 0.32%) German retailer Metro’s shares continued to slide on the company’s weak profit report, which arrived Wednesday.