** Kingfisher within easy reach of 2-mth highs &standout performer on FTSE 100 as BofA Merrill Lynchlifts rating to "neutral" vs "underperform"
** Upgrade follows solid Q1 last week, as EPS forecaststrough
** Broker highlights: UK - B&Q improving, Screwfix poweringahead; France - some green shoots; valuation discounts somerecovery already (KGF trades at a premium (c.10%) to its 10-yrhistorical average PE of 13.6x)
** BofA ML lifts FY16E & FY17E EPS forecasts by 3% & TP to390p vs 330p (RM: tricia.wright1.thomsonreuters.com@reuters.net)