July 5 (Bloomberg) -- German stocks rose. Shares of Deutsche Telekom AG climbed after analysts at Credit Suisse First Boston raised their evaluation of the stock. KarstadtQuelle AG gained after the company said it will cut costs by shedding jobs.

The benchmark DAX Index gained 8.81 points, or 0.2 percent, to 4007.58 as of 9:50 a.m. in Frankfurt. Nineteen stocks rose and 11 declined. The HDAX Index of the country's 110 biggest companies shed 0.2 percent to 2054.14. DAX September futures rose 0.1 percent to 4025.50.

The following stocks are making gains or losses today. Stock symbols are in parentheses after the company names.

Deutsche Telekom AG (DTE GY), Europe's largest phone company, added 10 cents, or 0.7 percent, to 14.35 euros after analysts at Credit Suisse First Boston raised their evaluation of the company's shares to ``outperform'' from ``neutral'' on expectations its T-Mobile USA mobile-phone division will gain market share. CSFB analyst David George and colleagues also boosted the price estimate on the stock to 17.50 euros from 17 euros.

Infineon Technologies AG (IFX GY), the world's third-largest maker of computer-memory chips, slipped 6 cents, or 0.6 percent, to 10.64 euros, pacing its Asian peers after Deutsche Bank AG joined Morgan Stanley in saying Intel Corp. may miss its own revenue forecasts.

KarstadtQuelle AG (KAR GY), Germany's largest department- store operator, rose 30 cents, or 1.7 percent, to 17.84 euros after it announced plans to shed 4,000 jobs to save 145 million euros ($178 million) in two years as it tries to respond to falling consumer demand.

Sektkellerei Schloss Wachenheim AG (SWA GR) the world's biggest maker of sparkling wine rose 31 cents, or 3.9 percent, to 8.36 euros. Chief Executive Officer Nick Reh told the Euro am Sonntag the winery had exceeded its own profit forecast in fiscal 2004. Net income for the 12 months through June 30 was between 5 million euros and 7 million euros, more than double the two million euros the company forecast in February, Reh said.

To contact the reporter on this story: David Scheer in Frankfurt at dscheer@bloomberg.net.

Last Updated: July 5, 2004 04:06 EDT