BUZZ-UK utilities: boosted by Citi target hikes

** UK utilities advance as Citi hikes TPs across the board & assesses cos' susceptibility to election risk

** Broker lifts TPs for Pennon, SSE (LSE: SSE.L - news) , Severn Trent (BSE: TRENT.BO - news) , & United Utilities (UU) (reflecting its latest commodity (lower) & macro (better) assumptions, trading statements, & rolling forward RCV valuation to March '16)

** Citi views Centrica & SSE as most exposed to the elections but reckons Centrica (LSE: CNA.L - news) 's share price has more appropriately reflected this

** Centrica (cut to "sell" by DB Mar 24 on election risk) down 12.5 pct since an early Feb peak vs c.3 pct drop from SSE

** Sees National Grid as most immune to election outcome (less exposed to the uncertainty than UK peers, 54 pct 2014 revenues from US, Thomson Reuters data shows), broker sees shares instead linked to the direction of US & UK govt yields

** UU, SSE & Centrica among top FTSE 100 risers, up 1-1.6 pct (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)