* Arkema SA AKE.PA: HSBC raises target price to EUR 105 from EUR 103

* Berkeley Group BKGH.L: Jefferies raises target price to 4,936p from 4,834p

* Diageo Plc DGE.L: Morgan Stanley cuts target price to 2200p from 2380p

* Man Group Plc EMG.L: Peel Hunt cuts to add from buy

* Shell SHEL.L: HSBC raises target price to 3200p from 3070p

* Admiral ADML.L: Jefferies raises target price to 2,300p from 2,195p

* Aena AENA.MC: CFRA cuts to hold from buy; cuts target price to EUR 175 from EUR 190

* Amundi SA AMUN.PA: BofA Global Research raises price objective to EUR 80 from EUR 79

* Anheuser-Busch Inbev SA ABI.BR: Barclays raises target price to EUR 76 from EUR 67

* Anheuser-Busch Inbev SA ABI.BR: Bernstein cuts target price to EUR 72 from EUR 73

* Anheuser-Busch Inbev SA ABI.BR: Deutsche Bank cuts target price to EUR 57 from EUR 58

* Anheuser-Busch Inbev SA ABI.BR: Jefferies raises target price to EUR 73 from EUR 70

* Aperam SA APAM.AS: JP Morgan raises target price to EUR 22.60 from EUR 20.80

* ArcelorMittal SA MT.AS: Deutsche Bank cuts target price to EUR 27 from EUR 28

* ArcelorMittal SA MT.AS: JP Morgan cuts target price to EUR 26 from EUR 27

* Arkema SA AKE.PA: HSBC raises target price to EUR 105 from EUR 103

* AT&S ATSV.VI: Deutsche Bank cuts target price to EUR 26 from EUR 28

* Avon Protection AVON.L: Jefferies raises target price to 1,535p from 1,510p

* Banco Bilbao Vizcaya Argentaria BBVA.MC: Barclays raises PT to EUR 11.8 from EUR 11.7

* Bank of Ireland BIRG.I: UBS raises target price to EUR 12.4 from EUR 11.3

* Barclays BARC.L: Berenberg raises target price to 290p from 280p

* Barclays BARC.L: UBS raises target price to 260p from 240p

* Barratt BDEV.L: Jefferies raises target price to 583p from 521p

* Baywa AG BYWGnx.DE: Baader Helvea cuts to add from buy; cuts PT to EUR 16 from EUR 28

* BBVA BBVA.MC: HSBC cuts target price to EUR 10.9 from EUR 11

* Belimo Holding AG BEAN.S: Stifel cuts to hold from buy

* Belimo Holding AG BEAN.S: Stifel raises target price to CHF 530 from CHF 460

* Berkeley Group BKGH.L: Jefferies raises target price to 4,936p from 4,834p

* BMW BMWG.DE: Bernstein cuts target price to EUR 96 from EUR 130

* BMW BMWG.DE: CFRA cuts target price to EUR 85 from EUR 100

* BMW BMWG.DE: Deutsche Bank cuts target price to EUR 115 from EUR 120

* BMW BMWG.DE: Stifel cuts target price to EUR 95 from EUR 107

* Bonduelle SA: Midcap Partners cuts target price to EUR 8.6 from EUR 9.9; rating hold

* Bonduelle SA: Portzamparc raises to buy from hold; target price EUR 9

* Bpost SA BPOST.BR: Degroof Petercam cuts target price to EUR 3 from EUR 3.5

* Cairn Homes Plc CRN.L: Deutsche Bank raises target price to 175p from 165p

* Caixabank CABK.MC: HSBC raises target price to EUR 5.6 from EUR 5.1

* Capgemini CAPP.PA: UBS cuts target price to EUR 225 from EUR 235

* Capgemini CAPP.PA: UBS raises to buy from neutral

* Clariant AG CLN.S: Berenberg cuts target price to CHF 16.3 from CHF 16.8

* Coats Group COA.L: Berenberg raises target price to 120p from 100p

* Daimler Truck DTGGe.DE: Deutsche Bank cuts target price to EUR 55 from EUR 60

* Daimler Truck Holding AG DTGGe.DE: Jefferies cuts target price to EUR 50 from EUR 52

* Daimler Truck Holding AG DTGGe.DE: Stifel cuts target price to EUR 45 from EUR 58

* De' Longhi SpA DLG.MI: Berenberg cuts target price to EUR 33 from EUR 37

* De' Longhi SpA DLG.MI: Berenberg cuts to hold from buy

* Deezer DEEZR.PA: Deutsche Bank cuts target price to EUR 2.2 from EUR 2.7

* De'Longhi SpA DLG.MI: UBS raises target price to EUR 41.1 from EUR 40.4

* DHL Group DHLn.DE: BofA Global Research cuts price objective to EUR 48 from EUR 49

* DHL Group DHLn.DE: Morgan Stanley cuts target price to EUR 46 from EUR 47

* Diageo Plc DGE.L: Morgan Stanley cuts target price to 2200p from 2380p

* Dsm-Firmenich AG DSFIR.AS: Citigroup raises target price to EUR 143 from EUR 140

* E ON SE EONGn.DE: Jefferies raises target price to EUR 13 from EUR 10.5

* Elementis ELM.L: Berenberg raises target price to 190p from 180p

* Elementis ELM.L: Deutsche Bank raises target price to 185p from 170p

* Elementis ELM.L: HSBC raises target price to 180p from 175p

* ENI ENI.MI: Berenberg raises target price to EUR 16.5 from EUR 15.5

* Euroapi EAPI.PA: Deutsche Bank raises target price to EUR 3 from EUR 2.5

* Eurobank Holdings EURBr.AT: UBS raises target price to EUR 2.74 from EUR 2.6

* Evonik Industries AG EVKn.DE: Jefferies raises target price to EUR 21 from EUR 20

* Evonik Industries AG EVKn.DE: Stifel raises target price to EUR 23 from EUR 22

* Fagron NV: KBC Securities raises target price to EUR 24 from EUR 22; rating buy

* Ferrari NV RACE.MI: Barclays raises target price to EUR 450 from EUR 400

* Ferrari NV RACE.MI: Barclays raises to overweight from equal-weight

* Ferrovial FER.MC: UBS cuts target price to EUR 42 from EUR 43

* Finecobank S.P.A FBK.MI: UBS raises target price to EUR 14.8 from EUR 14

* Fluidra S.A. FLUI.MC: UBS raises target price to EUR 27 from EUR 26

* Frasers FRAS.L: Jefferies initiates coverage With Buy rating; target price 1,300p

* Glencore GLEN.L: Morgan Stanley cuts target price to 480p from 490p

* Glencore GLEN.L: RBC cuts target price to 540p from 550p

* Glenveagh Properties Plc <(GLV.L>: Deutsche Bank raises PT to 1.39p from 1.35p

* GSK GSK.L: Guggenheim cuts target price to 1,898p from 1,922p

* GSK GSK.L: JP Morgan cuts target price to 1,550p from 1,660p

* H Lundbeck A/S HLUNb.CO: Barclays raises target price to DKK 40 from DKK 35

* Haleon HLN.L: Barclays raises target price to 407p from 386p

* Haleon HLN.L: Jefferies raises target price to 410p from 385p

* Haleon HLN.L: JP Morgan raises target price to 300p from 290p

* Hugo Boss AG BOSSn.DE: Jefferies cuts target price to EUR 50 from EUR 55

* ING INGA.AS: Barclays raises target price to EUR 21 from EUR 20.5

* ING INGA.AS: UBS raises target price to EUR 21 from EUR 20

* ITM Power Plc ITM.L: RBC cuts target price to 100p from 150p

* Jet2 Plc JET2.L: Barclays raises target price to 1900p from 1750p

* Just Eat Takeaway.Com JETJ.L: HSBC cuts target price to 1430p from 1450p

* Just Eat Takeaway.Com TKWY.AS: ING cuts target price to EUR 21 from EUR 22.5

* Kardex Group KARN.S: UBS raises target price to CHF 284 from CHF 267

* Kinovo Plc KINO.L: Canaccord Genuity raises target price to 95p from 80p

* Kinovo Plc KINO.L: Canaccord Genuity raises to buy from speculative buy

* Legrand LEGD.PA: CFRA raises target price to eur115 from eur110

* Legrand LEGD.PA: Deutsche Bank raises target price to EUR 100 from EUR 94

* London stock Exchange Group LSEG.L: Deutsche Bank raises PT to 9200p from 8600p

* LSE LSEG.L: Berenberg raises target price to 11500p from 11000p

* LSE LSEG.L: RBC raises target price to 11000p from 10700p

* Man Group Plc EMG.L: Peel Hunt cuts target price to 290p from 310p

* Man Group Plc EMG.L: Peel Hunt cuts to add from buy

* Mediobanca MDBI.MI: Barclays raises target price to EUR 16.2 from EUR 15.8

* Merck KGaA MRCG.DE: CFRA raises target price to eur190 from eur175

* Metso METSO.HE: Barclays cuts to equal-weight from overweight

* Mondi MNDI.L: Citigroup cuts target price to 2000p from 2150p

* Mondi MNDI.L: JP Morgan cuts target price to 1,570p from 1,580p

* Mondi MNDI.L: Stifel raises target price to 1,933p from 1,842p

* MTU Aero Engines AG MTXGn.DE: Vertical Research raises PT to EUR 301 from EUR 254

* National Grid Plc NG.L: Morgan Stanley raises target price to 1175p from 1150p

* Nexi SpA NEXII.MI: UBS raises target price to EUR 8.25 from EUR 7.75

* Next NXT.L: Barclays raises target price to 9300p from 8500p

* Next NXT.L: Deutsche Bank raises target price to 9500p from 9000p

* Next NXT.L: JP Morgan raises target price to 9,900p from 8,700p

* Next NXT.L: UBS raises target price to 9550p from 9400p

* Nokian Tyres Plc TYRES.HE: JP Morgan cuts target price to EUR 6.6 from EUR 7.5

* Persimmon PSN.L: Jefferies raises target price to 1,834p from 1,714p

* Piraeus Bank SA BOPr.AT: UBS raises target price to EUR 5.7 from EUR 5.5

* Pirelli & C SpA PIRC.MI: Stifel raises target price to EUR 6.2 from EUR 5.9

* Proximus PROX.BR: Morgan Stanley resumes with equal weight rating; PT EUR 7.5

* Prysmian PRY.MI: Citigroup raises target price to EUR 69 from EUR 67.5

* Rathbone Brothers RAT.L: Deutsche Bank raises target price to 2100p from 1807p

* Reach Plc RCH.L: Barclays raises target price to 105p from 100p

* Redrow Plc RDW.L: Jefferies cuts target price to 757p from 768p

* Roche Holding AG ROG.S: HSBC raises target price to CHF 335 from CHF 280

* Rolls Royce RR.L: CFRA raises target price to 600p from 500p

* Rolls Royce RR.L: Jefferies raises target price to 640p from 580p

* Rolls Royce RR.L: Vertical Research raises target price to 520p from 410p

* Sabadell SABE.MC: HSBC raises target price to EUR 2.3 from EUR 2.05

* Salvatore Ferragamo SpA SFER.MI: JP Morgan cuts target price to EUR 8 from EUR 8.70

* Salvatore Ferragamo SpA SFER.MI: Stifel cuts target price to EUR 8.7 from EUR 9

* Salvatore Ferragamo SpA SFER.MI: UBS cuts target price to EUR 7.5 from EUR 9

* Sandvik AB SAND.ST: Barclays raises target price to SEK 220 from SEK 195

* Sandvik AB SAND.ST: Barclays raises to overweight from underweight

* Santander SAN.MC: HSBC cuts target price to EUR 5 from EUR 5.1

* Schroders SDR.L: Deutsche Bank cuts target price to 355p from 385p

* Schroders SDR.L: JP Morgan cuts target price to 425p from 432p

* Schroders SDR.L: Morgan Stanley cuts target price to 480p from 500p

* Schroders SDR.L: RBC cuts target price to 355p from 365p

* Scor SCOR.PA: HSBC cuts target price to EUR 23 from EUR 30.5

* Securitas AB SECUb.ST: RBC raises target price to SEK 90 from SEK 85

* Segro SGRO.L: Berenberg raises target price to 978p from 940p

* SES SA SESFd.PA: Barclays cuts target price to EUR 5.7 from EUR 5.95

* Shell SHEL.L: Barclays raises target price to 4000p from 3800p

* Shell SHEL.L: HSBC raises target price to 3200p from 3070p

* Shell SHEL.L: UBS raises target price to 3000p from 2900p

* Siemens AG SIEGn.DE: Deutsche Bank cuts target price to EUR 197 from EUR 200

* Siemens Healthineers AG SHLG.DE: Morgan Stanley cuts PT to EUR 59 from EUR 60

* Smith & Nephew Plc SN.L: Barclays raises target price to 1205p from 1190p

* Smith+Nephew Plc SN.L: JP Morgan cuts target price to 1,248p from 1,381p

* Societe Generale SA SOGN.PA: Barclays cuts target price to EUR 28 from EUR 29

* Societe Generale SA SOGN.PA: Citigroup cuts target price to EUR 26 from EUR 33

* Societe Generale SA SOGN.PA: Citigroup cuts to neutral from buy

* Societe Generale SA SOGN.PA: Morgan Stanley cuts target price to EUR 29 from EUR 30

* Societe Generale SA SOGN.PA: RBC cuts target price to EUR 26.5 from EUR 28

* St. James's Place SJP.L: Barclays raises target price to 800p from 700p

* Syensqo SYENS.BR: UBS cuts target price to EUR 108 from EUR 113

* Syensqo SA SYENS.BR: JP Morgan cuts target price to EUR 122 from EUR 138

* Symrise SY1G.DE: UBS cuts target price to EUR 132 from EUR 134

* Taylor Wimpey TW.L: Jefferies raises target price to 184p from 169p

* Taylor Wimpey TW.L: Peel Hunt raises target price to 145p from 140p

* Technip Energies NV TE.PA: Morgan Stanley cuts target price to EUR 26 from EUR 27

* Telefonica SA TEF.MC: Barclays cuts target price to EUR 4.4 from EUR 4.6

* Television Francaise 1 SA TFFP.PA: Barclays raises target price to EUR 9.5 from EUR 9

* Tenaris TENR.MI: TD Cowen cuts target price to EUR 20 from EUR 21

* Thales TCFP.PA: UBS raises target price to EUR 150 from EUR 125

* Thales TCFP.PA: UBS raises to neutral from sell

* TUI AG TUI1n.DE: Barclays initiates coverage with underweight rating and PT EUR 7.7

* UCB SA UCB.BR: HSBC raises target price to EUR 175 from EUR 135

* Umicore SA UMI.BR: ING cuts target price to EUR 14.5 from EUR 16

* Viridien VIRI.PA: Barclays raises target price to EUR 65 from EUR 0.65

* Volkswagen AG VOWG_p.DE: Berenberg cuts target price to EUR 125 from EUR 136

* Volkswagen AG VOWG_p.DE: Deutsche Bank cuts target price to EUR 150 from EUR 180

* Volkswagen AG VOWG_p.DE: Deutsche Bank cuts target price to EUR 150 from EUR 180

* Volkswagen AG VOWG_p.DE: Jefferies cuts target price to EUR 140 from EUR 150

* Vonovia SE VNAn.DE: Bernstein raises target price to EUR 35 from EUR 34

* Vonovia SE VNAn.DE: Jefferies raises target price to EUR 23 from EUR 22

* WIIT SPA WIIT.MI: Midcap Partners cuts to hold from buy

* WIIT SPA WIIT.MI: Midcap Partners cuts target price to EUR 23.7 from EUR 24

* Wizz Air WIZZ.L: Barclays cuts target price to 1600p from 1900p

* Wizz Air Holdings Plc WIZZ.L: Morgan Stanley cuts target price to 1900p from 2450p

* Wolters Kluwer NV WLSNc.AS: CFRA raises target price to EUR 152 from EUR 142

* Wolters Kluwer NV WLSNc.AS: Deutsche Bank raises target price to EUR 132 from EUR 130

* Worldline WLN.PA: Barclays cuts target price to EUR 10 from EUR 11.2

* Worldline WLN.PA: Bernstein cuts target price to EUR 16 from EUR 19

* Worldline WLN.PA: Deutsche Bank cuts target price to EUR 10 from EUR 12