* Elis SA ELIS.PA: JP Morgan reinstates coverage with overweight rating

* Hochtief AG HOTG.DE: Barclays cuts to equal-weight from overweigh

* Rolls-Royce RR.L: Barclays raises target price to 540p from 495p

* Spie SA SPIE.PA: JP Morgan reinstates coverage with overweight rating

* Volvo VOLVB.ST: HSBC raises to buy from hold

* Ackermans & Van Haaren NV ACKB.BR: KBC raises PT to EUR 215 from EUR 200; rating "buy"

* ACS Actividades De Construcción Y Servicios S.A. ACS.MC: Barclays cuts to equal-weight from overweight

* Ageas SA AGES.BR: JP Morgan raises target price to EUR 42 from EUR 40

* Aiforia Technologies AIFORIA.HE: Inderes cuts to reduce from accumulate; PT EUR 4.6

* BKW AG BKWB.S: Baader Helvea raises target price to CHF 160 from CHF 150

* Bodycote Plc BOY.L: Jefferies cuts target price to 955p from 980p

* Cancom SE COKG.DE: Deutsche Bank cuts target price to EUR 40 from EUR 43

* CD Projekt CDR.WA: Deutsche Bank raises target price to PLN 150 from PLN 140

* Crayon Group Holding ASA CRAYN.OL: Berenberg raises PT to NOK 160 from NOK 150

* Credit Agricole S.A. CAGR.PA: HSBC raises target price to EUR 17.5 from EUR 16

* Credit Agricole S.A. CAGR.PA: HSBC raises to buy from hold

* Daimler Truck Holding AG DTGGe.DE: HSBC cuts target price to EUR 42 from EUR 43

* Daimler Truck Holding AG DTGGe.DE: HSBC raises to buy from hold

* Delivery Hero DHER.DE: Barclays raises target price to EUR 52 from EUR 49

* Delivery Hero DHER.DE: Deutsche Bank raises target price to EUR 25 from EUR 23

* Delivery Hero DHER.DE: UBS raises target price to EUR 40 from EUR 39

* Delivery Hero SE DHER.DE: JP Morgan raises target price to EUR 37 from EUR 32

* Elis SA ELIS.PA: JP Morgan reinstates coverage with overweight rating

* Elis SA ELIS.PA: JP Morgan reinstates coverage with target price EUR 26.2

* Genmab GMAB.CO: Deutsche Bank cuts target price to DKK 2500 from DKK 2750

* Grafton Group GFTU_u.L: Berenberg raises target price to 1,200p from 1,100p

* H & M Hennes & Mauritz AB HMb.ST: Barclays cuts target price to SEK 175 from SEK 190

* Hochtief AG HOTG.DE: Barclays cuts to equal-weight from overweight

* IG Group IGG.L: Barclays raises target price to 1145p from 1040p

* ITM Power Plc ITM.L: Peel Hunt cuts target price to 120p from 200p

* Jungfraubahn Holding AG JFN.S: Baader Helvea cuts target price to CHF 275 from CHF 300

* Landis+Gyr Group AG LANDI.S: JP Morgan raises target price to CHF 78.50 from CHF 73

* Median Technologies ALMDT.PA: Portzamparc raises PT to EUR 17.70 from EUR 15.70; rating "buy"

* Mutares SE & Co KGaA MUXG.DE: Jefferies raises target price to EUR 37 from EUR 30

* Mynaric AG M0YNn.DE: Jefferies cuts target price to EUR 10 from EUR 36

* NKT A/S NKT.CO: JP Morgan raises target price to DKK 580 from DKK 573

* Novonesis NSISb.CO: JP Morgan raises target price to DKK 520 from DKK 500

* Novonesis NSISb.CO: UBS raises target price to DKK 470 from DKK 430

* Orior AG ORON.S: Baader Helvea cuts target price to CHF 50 from CHF 59

* Oryzon ORY.MC: Jefferies cuts target price to EUR 2.3 from EUR 2.5

* Oxford Nanopore Technologies Plc ONT.L: Peel Hunt cuts target price to 113p from 115p

* Pernod Ricard PERP.PA: Bernstein cuts target price to EUR 176 from EUR 195

* Pernod Ricard PERP.PA: Deutsche Bank cuts target price to EUR 120 from EUR 127

* Pernod Ricard PERP.PA: RBC cuts target price to EUR 140 from EUR 160

* Plastivaloire PLVP.PA: Portzamparc cuts PT to EUR 1.7 from EUR 2.3; rating "hold"

* PPHE Hotel PPH.L: JP Morgan cuts target price to 1,500p from 1,550p

* Prudential PRU.L: JP Morgan cuts target price to 1150p from 1330p

* PZU PZU.WA: HSBC cuts target price to PLN 55.5 from PLN 57.5

* Rolls-Royce RR.L: Barclays raises target price to 540p from 495p

* Saint-Gobain SGOB.PA: Stifel raises target price to EUR 84.5 from EUR 80

* Sandoz SDZ.S: Deutsche Bank raises target price to CHF 33 from CHF 28

* Spie SA SPIE.PA: JP Morgan reinstates coverage with overweight rating

* Spie SA SPIE.PA: JP Morgan reinstates coverage with target price EUR 43

* Vestas VWS.CO: Morgan Stanley cuts target price to DKK 175 from DKK 182

* Vetropack Holding SA VETN.S: Stifel raises target price to CHF 45 from CHF 40

* Volvo VOLVB.ST: HSBC raises target price to SEK 340 from SEK 310

* Volvo VOLVB.ST: HSBC raises to buy from hold