UPDATE 1-Eurofer cuts European steel forecasts as demand recovery lags Adds detail and quotes By Matteo Allievi July 25 (Reuters) - The European steel market recovery this year and next is likely to be weaker than previously expected, industry group Eurofer said on Thursday, downgrading its outlook for a third time this year on faltering demand. Axel Eggert, general director of Eurofer, said that the impact from reduced consumer demand on the sector's finances threatens its investment capability

EUROPE RESEARCH ROUNDUP-Ascential Plc, Oxford Instruments, Reckitt Benckiser July 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ascential Plc, Oxford Instruments and Reckitt Benckiser, on Thursday. HIGHLIGHTS * Ascential Plc ASCL.L : HSBC raises target price to 568p from 370p * Oxford Instruments OXIG.L : HSBC raises target price to 2850p from 2500p * Reckitt Benckiser RKT.L : HSBC cuts target price to 4800p from 4900p * RS Gr

Spanish stocks - Factors to watch on July 25 July 25 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: REPSOL REP.MC Repsol's operations in Venezuela have entered a new phase as the Spanish oil company receives more oil cargoes from the country and as production increases at its joint venture with state oil company PDVSA, Chief Executive Josu Jon Imaz sa

BUZZ-Spain's Acerinox rises, forecasts Q3 core profit similar to Q2 ** Shares of steelmaker Acerinox ACX.MC rise 2.4%, on track for their best day since early-Feb ** Co says it expects Q3 core profit to be similar to Q2, citing a gradual recovery in the European market and a stronger U.S. business ** The group reported a 47% YoY drop in its second-

UPDATE 3-Acerinox says economic concerns cloud steel demand recovery in Europe Says demand remains soft in Europe Q2 EBITDA slumps 47% on strike impact, slow Europe Expects Q3 EBITDA to be similar to Q2 Recasts with comments on slow market recovery, adds CEO quotes in paragraphs 3, 4, 7, analyst comment in paragraph 9 By Matteo Allievi and Javier West July 24 (Reuters) - Spanish steelmaker Acerinox ACX.MC said on Wednesday that visibility would remain poor across the European steel markets in th