* Anima Holding ANIM.MI: HSBC cuts to hold from buy

* BASF SE BASFn.DE: Goldman Sachs raises to buy

* Cargotec Corp CGCBV.HE: Kepler Cheuvreux raises to hold from reduce

* Compagnie Financiere Richemont SA CFR.S: HSBC raises to buy from hold

* DS Smith SMDS.L: Barclays raises to equal-weight from underweight

* BNP Paribas BNPP.PA: Morgan Stanley cuts target price to EUR 77 from EUR 82

* Air France AIRF.PA: UBS cuts target price to EUR 12.05 from EUR 12.75

* Alfa Laval ALFA.ST: Morgan Stanley cuts to underweight from equal-weight

* ALM. Brand Group ALMB.CO: HSBC raises target price to DKK 16.5 from DKK 15.5

* Amadeus AMA.MC: Deutsche Bank raises target price to EUR 65 from EUR 62

* Ams Osram AG AMS.S: Jefferies cuts target price to CHF 16 from CHF 20

* Ams-Osram AMS.S: UBS cuts target price to CHF 13.8 from CHF 16

* Anima Holding ANIM.MI: HSBC cuts to hold from buy

* Anima Holding ANIM.MI: HSBC raises target price to EUR 6.2 from EUR 5.8

* Aperam SA APAM.AS: JP Morgan raises target price to EUR 22.50 from EUR 21.40

* Aston Martin AML.L: Citigroup raises target price to 132p from 117p

* Auto Trader AUTOA.L: Jefferies cuts target price to 885p from 935p

* Azimut AZMT.MI: HSBC raises target price to EUR 25.8 from EUR 25.6

* Banca Generali BGN.MI: HSBC raises target price to EUR 42 from EUR 41

* Banca Mediolanum BMED.MI: HSBC raises target price to EUR 12.8 from EUR 12.6

* Banco Bpm BAMI.MI: JP Morgan raises target price to EUR 7.5 from EUR 6.4

* BASF SE BASFn.DE: Goldman Sachs raises to buy

* Bechtle AG BC8G.DE: Jefferies cuts target price to EUR 50 from EUR 58

* BMPS BMPS.MI: Barclays raises target price to EUR 7 from EUR 6.7

* BMW BMWG.DE: RBC cuts target price to EUR 80 from EUR 81

* Brembo BRBI.MI: Berenberg cuts target price to EUR 12.7 from EUR 13.4

* Brembo BRBI.MI: Deutsche Bank cuts target price to EUR 12 from EUR 13

* BT Group BT.L: UBS raises target price to 115p from 110p

* Cab Payments Holdings Plc CABP.L: Canaccord Genuity cuts target price to 105p from 214p

* Campari CPRI.MI: Morgan Stanley cuts target price to EUR 6.60 from EUR 8.60

* Care Property Invest NV CPINV.BR: Berenberg raises target price to EUR 16 from EUR 15.5

* Cargotec Corp CGCBV.HE: Kepler Cheuvreux raises target price to EUR 58 from EUR 39

* Cargotec Corp CGCBV.HE: Kepler Cheuvreux raises to hold from reduce

* Ceres Power Holdings Plc CWR.L: Jefferies raises target price to 265p from 190p

* Ceres Power Holdings Plc CWR.L: Jefferies raises to buy from hold

* Compagnie Financiere Richemont SA CFR.S: Deutsche Bank cuts PT to CHF 135 from CHF 140

* Compagnie Financiere Richemont SA CFR.S: HSBC raises target to CHF 155 from CHF 143

* Compagnie Financiere Richemont SA CFR.S: HSBC raises to buy from hold

* Compagnie Financiere Richemont SA CFR.S: JP Morgan cuts target to CHF 150 from CHF 155

* Compagnie Financiere Richemont SA CFR.S: Morgan Stanley cuts PT to CHF 131 from CHF 136

* Compagnie Financiere Richemont SA CFR.S: RBC cuts target price to CHF 140 from CHF 145

* Compagnie Financiere Richemont SA CFR.S: Stifel cuts target to CHF 144 from CHF 150

* Compagnie Financiere Richemont SA CFR.S: TD Cowen cuts target to CHF 130 from CHF 155

* Corticeira Amorim CORA.LS: Berenberg cuts target price to EUR 11 from EUR 12

* CRH CRH.L: UBS raises target price to 8940p from 7850p

* Daimler Truck DTGGe.DE: Barclays cuts target price to EUR 45 from EUR 50

* Direct Line Insurance DLGD.L: RBC cuts target price to 190p from 200p

* DS Smith SMDS.L: Barclays raises target price to 580p from 435p

* DS Smith SMDS.L: Barclays raises to equal-weight from underweight

* Eagle Football Group SA EEFG.PA: Berenberg cuts target price to EUR 1.75 from EUR 1.85

* EDP EDP.LS: Barclays cuts target price to EUR 4.5 from EUR 5

* Embracer EMBRACb.ST: Deutsche Bank raises target price to SEK 28 from SEK 24

* Euronext NV ENX.PA: Barclays raises target price to EUR 105 from EUR 100

* Evotec SE EVTG.DE: RBC cuts target price to EUR 11.60 from EUR 12

* Flatexdegiro AG FTKn.DE: Berenberg raises target price to EUR 18 from EUR 16

* Freenet AG FNTGn.DE: Berenberg raises target price to EUR 32 from EUR 29

* Fresenius FREG.DE: Deutsche Bank raises target price to EUR 44 from EUR 42

* Grifols SA GRLS.MC: Barclays raises target price to EUR 14 from EUR 13

* Heidelberg Materials HEIG.DE: Citigroup raises target price to EUR 120 from EUR 100

* Heidelberg Materials HEIG.DE: JP Morgan raises target price to EUR 149 from EUR 108

* Howden Joinery HWDN.L: Jefferies cuts target price to 1,020p from 1,090p

* IAG ICAG.MC: Morgan Stanley raises target price to EUR 3.80 from EUR 3.20

* IMCD NV IMCD.AS: Jefferies raises target price to EUR 176 from EUR 170

* Inpost SA INPST.AS: Jefferies raises target price to EUR 22 from EUR 21

* International Airlines Group ICAG.L: Barclays raises target price to 320p from 290p

* Intrum AB INTRUM.ST: JP Morgan cuts target price to SEK 27 from SEK 33

* ITM Power Plc ITM.L: Jefferies cuts target price to 60p from 80p

* ITV ITV.L: Morgan Stanley cuts target price to 81p from 86p

* JCDecaux JCDX.PA: UBS cuts target price to EUR 18.5 from EUR 21.6

* Knaus Tabbert AG KTAG.DE: Jefferies cuts target price to EUR 20 from EUR 26

* Landis+Gyr Group AG LANDI.S: JP Morgan raises target price to CHF 78.5 from CHF 76

* Lloyds Banking Group LLOY.L: Deutsche Bank cuts target price to 80p from 83p

* Minor Hotels Europe & Americas NHH.MC: Deutsche Bank raises PT to EUR 4.8 from EUR 4.4

* Mondi MNDI.L: Barclays cuts target price to 1150p from 1275p

* Mondi MNDI.L: Barclays cuts to underweight from equal-weight

* MTU Aero Engines AG MTXGn.DE: Goldman Sachs raises to buy

* Muenchener Rueckversicherungs MUVGn.DE: UBS cuts target price to EUR 540 from EUR 560

* Nel ASA NEL.OL: Jefferies cuts to underperform from hold; cuts PT to NOK 3 from NOK 5.50

* Nemetschek SE NEKG.DE: Citigroup raises target price to EUR 120 from EUR 105

* Nemetschek SE NEKG.DE: Deutsche Bank raises target price to EUR 100 from EUR 85

* Nemetschek SE NEKG.DE: UBS cuts to neutral from buy

* Nemetschek SE NEKG.DE: UBS raises target price to EUR 115 from EUR 98

* Neste Oyj NESTE.HE: Inderes cuts target price to EUR 15.5 from EUR 17.5; accumulate

* Nichols Plc NICL.L: Deutsche Bank raises target price to 1230p from 1100p

* NN Group NN.AS: Deutsche Bank raises target price to EUR 49 from EUR 43

* Nordex SE NDXG.DE: Jefferies cuts target price to EUR 18 from EUR 19

* Poste Italiane SpA PST.MI: HSBC raises target price to EUR 13.3 from EUR 13.1

* Powercell Sweden AB (Publ) PCELL.ST: Jefferies cuts target price to SEK 35 from SEK 36

* Prosus NV PRX.AS: Citigroup raises target price to EUR 50 from EUR 45

* Puma SE PUMG.DE: Barclays raises target price to EUR 45 from EUR 41

* Puma SE PUMG.DE: Morgan Stanley raises target price to EUR 44 from EUR 42

* Qinetiq Group Plc QQ.L: Barclays raises target price to 530p from 525p

* Renault RENA.PA: Jefferies cuts target price to EUR 55 from EUR 58

* Renishaw RSW.L: HSBC initiates coverage with hold rating and target price 3350p

* Rheinmetall AG RHMG.DE: Stifel raises target price to EUR 650 from EUR 565

* RHI Magnesita NV RHIM.L: Peel Hunt raises target price to 5000p from 4850p

* RS Group Plc RS1R.L: Stifel cuts target price to 875p from 900p

* Ryanair RYA.I: UBS raises target price to EUR 23.15 from EUR 17.25

* Ryanair RYA.I: UBS raises to buy from neutral

* Saint-Gobain SGOB.PA: Jefferies raises target price to EUR 147 from EUR 103.10

* Serco Group Plc SRP.L: Deutsche Bank cuts target price to 185p from 205p

* Serco Group Plc SRP.L: Peel Hunt cuts target price to 185p from 217p

* SGL Carbon SE SGCG.DE: Stifel cuts target price to EUR 8.4 from EUR 9.4

* Sodexo EXHO.PA: RBC raises target price to EUR 82 from EUR 80

* Sopra Steria Group SA SOPR.PA: Berenberg cuts target price to EUR 227 from EUR 232

* Springer Nature SPGG.DE: Deutsche Bank initiates coverage with buy rating and PT EUR 29

* Springer Nature SPGG.DE: Goldman Sachs initiates coverage with buy rating

* Springer Nature SPGG.DE: JP Morgan initiates coverage with overweight rating

* Springer Nature SPGG.DE: JP Morgan initiates coverage with PT EUR 29

* Springer Nature AG & Co KGaA SPGG.DE: Exane BNP Paribas initiates with outperform rating; PT EUR 29

* Springer Nature AG & Co KGaA SPGG.DE: Kepler Cheuvreux initiates with buy rating; PT EUR 28

* Springer Nature AG & Co KGaA SPGG.DE: Morgan Stanley initiates with overweight rating; PT EUR 30.50

* Subsea 7 SA SUBC.OL: Morgan Stanley raises to overweight from equal-weight

* Suss Microtec SE SMHNn.DE: Berenberg cuts target price to EUR 75 from EUR 80

* Swiss Re SRENH.S: UBS raises target price to CHF 136 from CHF 106

* Swiss Re SRENH.S: UBS raises to buy from sell

* Syensqo SYENS.BR: UBS raises target price to EUR 90 from EUR 89

* Taylor Wimpey TW.L: UBS cuts target price to 182p from 185p

* Team Internet Group Plc TIG.L: Berenberg cuts target price to 170p from 220p

* Technip Energies NV TE.PA: Morgan Stanley raises target price to EUR 29 from EUR 26.8

* Terna TRN.MI: RBC cuts target price to EUR 8 from EUR 8.10

* Tinexta SpA TNXT.MI: Kepler Cheuvreux cuts target price to EUR 10 from EUR 24

* Tinexta SpA TNXT.MI: Kepler Cheuvreux cuts to hold from buy

* Truecaller AB TRUEb.ST: Deutsche Bank raises target price to SEK 61 from SEK 52

* Trustpilot TRST.L: Deutsche Bank initiates coverage with buy rating and PT 331p

* Trustpilot Group Plc TRST.L: Deutsche Bank initiates coverage with buy rating; PT 331p

* UBS Group AG UBSG.S: Deutsche Bank raises target price to CHF 27 from CHF 26

* UCB SA UCB.BR: Deutsche Bank raises target price to EUR 215 from EUR 200

* Unicredit CRDI.MI: Citigroup raises target price to EUR 48.5 from EUR 42

* Verbund VERB.VI: UBS raises target price to EUR 62.5 from EUR 58

* Vestas VWS.CO: RBC cuts target price to DKK 156 from DKK 222

* Vistry Group Plc VTYV.L: Berenberg cuts target price to 750p from 1000p

* Vistry Group Plc VTYV.L: Deutsche Bank cuts target price to 1100p from 1180p

* Vistry Group Plc VTYV.L: RBC cuts target price to 825p from 1,000p

* Vontobel Holding AG VONN.S: Citigroup cuts target price to CHF 50 from CHF 51

* Wartsila Oyj Abp WRT1V.HE: Morgan Stanley raises target price to EUR 17.6 from EUR 17

* Wartsila Oyj Abp WRT1V.HE: Morgan Stanley raises to equal weight from underweight

* Wizz Air Holdings WIZZ.L: UBS raises target price to 22.15p from 22.1p

* Wood Plc WG.L: Morgan Stanley cuts target price to 85p from 185p