* Associated British Foods ABF.L: HSBC raises target price to 3,075p from 3,010p

* Berkeley Group Holdings Plc BKGH.L: Morgan Stanley cuts PT to 4,369p from 4,516p

* Hochtief AG HOTG.DE: Jefferies raises target price to EUR 124 from EUR 109

* Telenor TEL.OL: HSBC raises target price to NOK 120 from NOK 112

* Zalando SE ZALG.DE: Morgan Stanley cuts to equal weight from overweight

* ACS ACS.MC: Jefferies raises target price to EUR 40.50 from EUR 36.80

* Aixtron AIXGn.DE: Barclays cuts target price to EUR 22 from EUR 28

* Ams Osram AMS.S: Barclays cuts target price to CHF 1.90 from CHF 2

* Anheuser-Busch Inbev ABI.BR: UBS raises target price to EUR 72 from EUR 63.50

* Anheuser-Busch Inbev ABI.BR: UBS raises to buy from neutral

* Argenx SE ARGX.BR: Degroof Petercam raises target price to EUR 540 from EUR 502

* Ashtead AHT.L: Deutsche Bank cuts target price to 6,500p from 6,800p

* ASML ASML.AS: Deutsche Bank raises target price to EUR 1,100 from EUR 1,000

* Associated British Foods ABF.L: HSBC raises target price to 3,075p from 3,010p

* Barco NV BAR.BR: Berenberg cuts target price to EUR 17 from EUR 20

* Berkeley Group Holdings Plc BKGH.L: Morgan Stanley cuts PT to 4369p from 4516p

* BESI BESI.AS: Barclays raises PT to EUR 180 from EUR 165

* BESI BESI.AS: Bernstein raises target price to EUR 180 from EUR 160

* Bouygues SA BOUY.PA: Barclays cuts target price to EUR 43 from EUR 44

* British Land BLND.L: Bernstein raises target price to 528p from 483.6p

* Carl Zeiss Meditec AG AFXG.DE: UBS cuts target price to EUR 71 from EUR 125

* Carl Zeiss Meditec AG AFXG.DE: UBS cuts to neutral from buy

* CD Projekt SA CDR.WA: HSBC raises target price to PLN 147 from PLN 92

* CD Projekt SA CDR.WA: HSBC raises to hold from reduce

* Danske Bank DANSKE.CO: UBS raises target price to DKK 241 from DKK 231

* Derwent London Plc DLN.L: Bernstein raises target price to 2,660p from 2,261p

* Deutsche Telekom DTEGN.DE: HSBC raises target price to EUR 27.5 from EUR 26

* Elekta EKTAb.ST: Deutsche Bank initiates coverage with hold rating and PT SEK 70

* Enagas SA ENAG.MC: Morgan Stanley cuts target price to EUR 13 from EUR 14

* Endesa SA ELE.MC: Morgan Stanley raises target price to EUR 19 from EUR 18

* Flutter Entertainment Plc FLTRF.L: Peel Hunt cuts to hold from buy; cuts PT to 15,000p from 16,000p

* Forvia SE FRVIA.PA: Stifel cuts to hold from buy; cuts PT to EUR 12 from EUR 24

* Great Portland Estates Plc GPEG.L: Bernstein cuts target price to 394p from 395.3p

* Great Portland Estates Plc GPEG.L: Bernstein ups to market perform from underperform

* Henkel AG & Co KGaA HNKG.DE: Jefferies raises target price to EUR 92 from EUR 91

* Hochtief AG HOTG.DE: Jefferies raises target price to EUR 124 from EUR 109

* Hochtief AG HOTG.DE: Jefferies raises to buy from hold

* Iberdrola SA IBE.MC: Morgan Stanley raises target price to EUR 14 from EUR 13.50

* Incap oyj <(ICP1V.HE>: Inderes raises PT to EUR 13.50 from EUR 12.50; rating accumulate

* Informa INF.L: Morgan Stanley raises target price to 885p from 870p

* ING Groep INGA.AS: Morgan Stanley raises target price to EUR 20.50 from EUR 20

* Kering PRTP.PA: TD Cowen cuts target price to EUR 350 from EUR 360

* Land Securities LAND.L: Bernstein cuts target price to 705p from 715.2p

* Land Securities LAND.L: Peel Hunt raises target price to 790p from 745p

* Legal & General Group Plc LGEN.L: JP Morgan cuts target price to 285p from 330p

* Legal and General LGEN.L: Morgan Stanley raises target price to 245p from 238p

* Man Group Plc EMG.L: UBS cuts target price to 295p from 320p

* Medacta Group SA MOVE.S: Stifel cuts target price to CHF 142 from CHF 154

* Medios AG ILM1k.DE: Deutsche Bank cuts target price to EUR 23 from EUR 25

* Mitie Group Plc MTO.L: Deutsche Bank raises target price to 145p from 140p

* Moncler MONC.MI: Barclays cuts target price to EUR 66 from EUR 68

* Ninety One Plc N91.L: Peel Hunt cuts target price to 180p from 185p

* Orange ORAN.PA: Barclays cuts target price to EUR 12 from EUR 14

* Oxford Nanopore Technologies Plc ONT.L: Barclays cuts target price to 160p from 185p

* Prudential PRU.L: BofA Global Research raises price objective to 1,050p from 1,000p

* Raute oyj RAUTE.HE: Inderes cuts to accumulate from buy; ups PT to EUR 15.00 from EUR 12.50

* Redeia REDE.MC: Morgan Stanley raises target price to EUR 17 from EUR 16

* Rolls Royce RR.L: Jefferies raises target price to 580p from 530p

* Safestore Holdings Plc SAFE.L: Peel Hunt raises target price to 840p from 830p

* Sandvik AB SAND.ST: JP Morgan raises target price to SEK 215 from SEK 195

* SIG Plc SHI.L: Peel Hunt cuts target price to 28p from 37p

* SIG Plc SHI.L: Peel Hunt cuts to add from buy

* Soitec SOIT.PA: Barclays cuts target price to EUR 115 from EUR 120

* Svitzer Group A/S SVITZR.CO: Citigroup raises target price to DKK 325 from DKK 285

* Swiss Re SRENH.S: Barclays raises target price to CHF 113 from CHF 107

* Tele2 TEL2B.ST: HSBC raises target price to SEK 95 from SEK 92

* Telekom Austria TELA.VI: HSBC raises target price to EUR 8.1 from EUR 8

* Telenor TEL.OL: HSBC raises target price to NOK 120 from NOK 112

* Telia Company AB TELIA.ST: HSBC raises target price to SEK 25 from SEK 23

* UCB SA UCB.BR: Barclays raises target price to EUR 160 from EUR 150

* UCB SA UCB.BR: TD Cowen raises target price to EUR 170 from EUR 135

* Valeo VLOF.PA: Stifel cuts to hold from buy; cuts PT to EUR 11.30 from EUR 22

* Wise Plc WISEa.L: Citigroup cuts target price to 660p from 750p

* Workspace WKP.L: Bernstein raises target price to 686p from 554.6p

* Workspace WKP.L: Bernstein raises to outperform from market perform

* YouGov Plc YOU.L: Liberum cuts to hold from buy; cuts target price to 500p from 1420p

* Zalando SE ZALG.DE: Morgan Stanley cuts target price to EUR 24 from EUR 28

* Zalando SE ZALG.DE: Morgan Stanley cuts to equal weight from overweight