BUZZ-M&S: hits 7-yr high as brokers lift targets

** Marks & Spencer up 3.1 pct at 7-yr high asbrokers hike targets after co recently posted best quarterlynon-food sales performance in 4 yrs

** Exane BNP Paribas lifts TP to 640p vs 570p, keeps"outperform" rating

** Broker sees announcement on additional cash returns at FYresults (May 20) as likely; across FY16-18 forecasts c.£2bn tobe returned to shareholders - c.22% of current market cap

** Barclays hikes TP to 390p vs 350p, but still"underweight"; reckons share price already reflects optimisticsales outcome & significant supply chain benefits

** Barclays says major cash returns unlikely in May as coremains highly leveraged; broker says M&S continues to rankparticularly low compared to European apparel peers in spendingmoney productively

** Stock up 40 pct over last 6 mths amid food businessoutperforming wider grocery market & improving profit marginsboth in non-food & food (RM: tricia.wright1.thomsonreuters.com@reuters.net)