** Shares in Italy's Iveco IVG.MI are up around 6% after Kepler Cheuvreux raises its rating on the truck maker to "buy" from "hold"
** "Iveco end-market diversification (...) should continue to support earnings", it says
** It deems the valuation on all the company's metrics as "appealing"
** It adds the European heavy-duty truck's cycle will improve in the second half of the year, despite some short-term concerns about sales volume in the industry
** Shares in Iveco are among the top performers on the pan-European STOXX 600 .STOXX index, which is up 0.3%
** Out of 11 analysts that cover the company, seven rate the stock as "strong buy" or "buy," four rate it "hold" and no analysts rate the stock "strong sell" or "sell"
(Reporting by Alberto Chiumento)
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