May 7- Air France Klm SA:. *HSBC raises price target to 10 euros from 9.50 euros; rating overweight. For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.
*Handelsbanken raises to buy from accumulate. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Shares in consumer-related companies and airlines are the best positioned to benefit from the recent sharp drop in commodity prices, which should not be seen as the sign of mounting worries about global growth, UBS strategists write in a note.
Air France-KLM reported a narrower operating loss in the first quarter and confirmed downward pressure on unit costs and debt, but stopped short of giving detailed financial forecasts for the year.