BUZZ-Kingfisher: RBC upgrades
** RBC Capital Markets upgrades home improvement retailer Kingfisher (Frankfurt: 812861 - news) to "sector perform" from "underperform"
** Says broadening France housing recovery, accelerated plans to improve French ecommerce offer and its strong performing Screwfix and Poland businesses keep KGF well positioned versus its peers
** Broker still sees risks to big ticket spend in the UK and execution risk with its unified offer strategy, but further cost savings should support the P&L and valuation is now less demanding
** Brokerage raises TP to 325p v 300p
** KGF shares up 1.5%; stock -13% YTD