India's Aarti Industries gets UBS double upgrade to "buy"
** Shares of Aarti Industries ARTI.NS rise 0.6% to 481.30 rupees ** UBS upgrades ARTI by two notches to 'buy' from 'sell', raises PT to 625 rupees from 615 rupees ** Notes meaningful improvement in ARTI's performance on new CEO's growth and cost-optimisation initiatives ** UBS expects strategic initiatives to cushion volume, profitability volatility ** ARTI up ~17% YTD (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))
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