CORRECTED-RESEARCH ALERT-Espirito Santo Investment Bank raises Rolls Royce to neutral

(Corrects fourth item to say price target cut was to 3.5 euros from 4 euros)

Aug 16 (Reuters) - : * Espirito Santo Investment Bank raises Rolls-Royce to neutral from sell; raises fair value to 800p from 630p * Espirito Santo Investment Bank cuts Safran fair value to eur27 from eur28; rating neutral * Espirito Santo Investment Bank cuts Cobham fair value to 235p from 240p; rating neutral * Espirito Santo Investment Bank cuts Finmeccanica fair value to eur 3.5 from eur 4; rating neutral * Espirito Santo Investment Bank raises Thales fair value to eur 28 from eur 27; rating neutral * Espirito Santo Investment Bank raises Meggitt fair value to 495p from 480p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on Reuters 3000Xtra users, double-click Reuters Station users, click .1580