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BUZZ-United Utilities: top FTSE 100 gainer as another broker gets behind stock

Reuters - UK Focus

** United Utilities (LSE: UU.L - news) up c.3 pct, top FTSE-100 gainer after SocGen (Paris: FR0000130809 - news) raises to "buy" from "hold"

** Utilities co on track for sharpest two-day gain in nearly 4 mths following from Bernstein's upgrade to "outperform" from "market-perform" on Monday

** SocGen says low RCV premium could fuel speculation of an infrastructure fund bid approach, especially as co has strongest balance sheet of 3 listed water co peers

** Co trades at forward P/E ratio of 19.3 vs Pennon at 18.9 and Severn Trent (Other OTC: STRNY - news) 22.3

** 4 of 17 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is 960p

(RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)