LONDON (MarketWatch) -- European shares held in a tight range on Monday morning, as gains from drugmakers offset losses for automakers and banks. U.K. lender Lloyds Banking Group (UK:LLOY 68.70, +2.26, +3.40%) (LYG 4.62, +0.08, +1.76%) managed to buck the lower sector trend, trading up 3.2% after an upgrade at Goldman Sachs. The U.K. FTSE 100 index rose 0.2% to 4,246.96, the German DAX index lost 0.1% at 4,771.01 and the French CAC-40 index declined 0.1% to 3,126.65.
