CIM cimic group limited

(Adds Iberdrola, Endesa and Naturgy) Sept 14 (Reuters) - The...

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    (Adds Iberdrola, Endesa and Naturgy)

    Sept 14 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

    IBERDROLA IBE.MC , ENDESA ELE.MC and NATURGY NTGY.MC : The Spanish government will cap gas prices, cut taxes and redirect energy company profits as part of a package to bring down soaring electricity prices, Prime Minister Pedro Sanchez said in an interview on Monday.

    Sanchez said redirected profits from the utilities would be used to cap gas prices and bring down energy costs for consumers. He did not give any further details on how this would work.

    This proposal is less negative for the sector than the initial draft presented in the beginning of June, according to broker JBCapital.

    SOLTEC SOLPW.MC The company said on Tuesday its subsidiary Soltec Energias Renovables signed a contract to supply solar trackers for two photovoltaic plants in Colorado (United States) with a 700-MW installed capacity.

    ACS ACS.MC ACS's Australian subsidiary CIMIC (CIM) , in a joint venture with Downer, has been awarded a contract worth a total of 1.18 billion Australian dollars ($865.41 million) to upgrade a section of a Sydney highway, Spanish newspaper Expansion reported on Tuesday.

    NICOLAS CORREA NEA.MC The company has won Navantia's tender to install a major machining centre at the Cartagena Engine Factory for the manufacture of the Spanish army frigate F-110, Spanish newspaper Cinco Dias reported on Tuesday.

    INDITEX ITX.MC Jefferies upgraded the company to "buy" from "hold" and raised its target price to 35 euros ($41.34) from 31 euros.

    UNICAJA UNI.MC Berenberg raised its target price to 1.10 euro from 0.80 euros.

    TECNICAS REUNIDAS TRE.MC JP Morgan downgraded the company's shares to "neutral" from "overweight" and cut its target price to 9.50 euros from 15.20 euros.

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