Tenaris SA

LONDON, May 2- European investors nursing bruises from years of jittery equity markets are increasingly turning to shares that trade without wild swings to meet their need for steady returns.

Vallourec jumps over 10 percent after the steel-tube maker's first-quarter results beat forecasts and management confirms the group's goal of increasing sales and improving the core operating margin in 2013.. Vallourec is gradually rebuilding confidence among investors, "Exane analysts write in a note to clients.

*ESN/Banca Akros cuts to reduce from hold. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

*Exane BNP Paribas cuts to neutral from outperform; cuts price target by 6. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

*Natixis cuts price target to 14.5 euros from 14.8 euros; rating neutral. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

**APPLE INC, $447.94, up 2 pct. William Blair& Co analyst Anil Doradla said the bond oversubscription showed investor confidence in Apple, adding that shareholders will get these benefits, and that capital allocation is driving the shares up. **AVEO PHARMACEUTICALS INC, $2.69, down 49 pct.

LONDON, May 2- European investors nursing bruises from years of jittery equity markets are increasingly turning to shares that trade without wild swings to meet their need for steady returns.

LONDON, May 2- European investors nursing bruises from years of jittery equity markets are increasingly turning to shares that trade without wild swings to meet their need for steady returns.

U.S. stocks extended their advance on Thursday, with the Nasdaq Composite up 1 percent, led by gains in shares of Apple and Gilead Sciences. **GILEAD SCIENCES INC, $52.88, up 5 pct.

European Council President Herman Van Rompuy said on Wednesday that the European Union supported efforts by new Italian prime minister Enrico Letta to grow Italy's economy, but public finances must be kept in order.