* BMW BMWG.DE: HSBC cuts target price to EUR 85 from EUR 109

* Kion Group AG KGX.DE: JP Morgan raises to overweight from neutral

* Legrand LEGD.PA: JP Morgan raises to overweight from neutral

* Phoenix PHNX.L: Peel Hunt cuts target price to 650p from 690p

* Sodexo EXHO.PA: JP Morgan cuts target price to EUR 85 from EUR 88

* Antofagasta ANTO.L: JP Morgan cuts target price to 1720p from 1730p

* Antofagasta ANTO.L: JP Morgan places stock on its negative catalyst watch list

* Ashmore ASHM.L: JP Morgan cuts target price to 151p from 155p

* Ashtead Group Plc AHT.L: Bernstein cuts target price to 5900p from 6400p

* AXA AXAF.PA: BofA Global Research raises price objective to EUR 44 from EUR 43

* Bakkavor BAKK.L: HSBC raises target price to 180p from 170p

* BMW BMWG.DE: Deutsche Bank cuts target price to EUR 90 from EUR 115

* BMW BMWG.DE: HSBC cuts target price to EUR 85 from EUR 109

* BMW BMWG.DE: Jefferies cuts target price to EUR 80 from EUR 95

* Carmila SA CARM.PA: Exane BNP Paribas raises target price to EUR 21 from EUR 20

* Compass Group CPG.L: JP Morgan raises target price to 2800p from 2600p

* Cranswick Plc CWK.L: HSBC raises target price to 5,200p from 4,900p

* DNB DNB.OL: UBS raises target price to NOK 197 from NOK 194

* DSM-Firmenich AG DSFIR.AS: Morgan Stanley raises target to EUR 136 from EUR 132

* Dunelm Group Plc DNLM.L: Barclays raises target price to 1350p from 1325p

* EDP EDP.LS: RBC cuts target price to EUR 5 from EUR 5.1

* EDPR EDPR.LS: RBC raises target price to EUR 16.5 from EUR 16

* Elis SA ELIS.PA: Bernstein cuts target price to EUR 21.4 from EUR 27.6

* Elis SA ELIS.PA: Bernstein cuts to market perform from outperform

* Endesa ELE.MC: RBC raises target price to EUR 20 from EUR 18

* Enel ENEI.MI: RBC raises target price to EUR 7 from EUR 6.6

* Epiroc AB EPIRa.ST: JP Morgan raises to neutral from underweight

* Essity AB (Publ) ESSITYa.ST: Exane BNP Paribas raises to outperform

* Frontier Developments Plc FDEV.L: Panmure Liberum cuts target to 470p from 500p

* Getlink GETP.PA: JP Morgan places Getlink on positive catalyst watch

* Grenergy GREG.MC: BofA Global Research raises price objective to EUR 56 from EUR 52

* Hill & Smith HILS.L: Peel Hunt raises target price to 2625p from 2500p

* Iberdrola IBE.MC: RBC raises target price to EUR 14 from EUR 13

* Inditex ITX.MC: Jefferies raises target price to EUR 54 from EUR 51

* Inditex ITX.MC: RBC raises target price to EUR 50 from EUR 48

* Interparfums SA IPAR.PA: Berenberg cuts target price to EUR 56 from EUR 57

* IQE Plc IQE.L: Deutsche Bank cuts target price to 45p from 55p

* JDE Peet'S JDEP.AS: Exane BNP Paribas raises to neutral

* JTC Plc JTC.L: HSBC raises target price to 1,310p from 1,150p

* Kion Group AG KGX.DE: JP Morgan raises to overweight from neutral

* Klepierre LOIM.PA: Exane BNP Paribas raises target price to EUR 32 from EUR 30

* Legrand LEGD.PA: JP Morgan raises target price to EUR 115 from EUR 100

* Legrand LEGD.PA: JP Morgan raises to overweight from neutral

* L'Oreal OREP.PA: Exane BNP Paribas cuts to underperform

* MTU Aero Engines MTXGn.DE: Barclays raises target price to EUR 295 from EUR 262

* Novamarine SPA: Midcap Partners initiates coverage with 'buy'; target price EUR 5.7

* Novartis AG NOVN.S: BofA Global Research cuts to neutral from buy

* Novartis AG NOVN.S: BofA Global Research cuts price objective to CHF 110 from CHF 120

* Oersted A/S ORSTED.CO: HSBC raises target price to DKK 480 from DKK 455

* Phoenix PHNX.L: Peel Hunt cuts target price to 650p from 690p

* Pluxee NV PLX.PA: JP Morgan cuts target price to EUR 28 from EUR 34

* Pluxee NV PLX.PA: JP Morgan cuts to neutral from overweight

* Pluxee NV PLX.PA: JP Morgan places stock on its negative catalyst watch list

* Renk AG R3NK.DE: Deutsche Bank raises to buy from hold

* Rotork Plc ROR.L: JP Morgan raises target price to 370p from 365p

* Rotork Plc ROR.L: JP Morgan raises to overweight from neutral

* Sandoz Group AG SDZ.S: Berenberg cuts to hold from buy

* Sodexo EXHO.PA: JP Morgan cuts target price to EUR 85 from EUR 88

* Sodexo EXHO.PA: JP Morgan places stock on its negative catalyst watch list

* Stratec SE SBSG.DE: Berenberg raises target price to EUR 50 from EUR 41

* Stratec SE SBSG.DE: Berenberg raises to buy from hold

* Symrise AG SY1G.DE: Morgan Stanley raises target price to EUR 137 from EUR 122

* TAG Immobilien AG TEGG.DE: Citigroup raises target price to EUR 22 from EUR 14

* Team17 Group Plc TM17.L: Deutsche Bank cuts target price to 300p from 325p

* Trainline Plc TRNT.L: Morgan Stanley cuts target price to 380p from 418p

* Travis Perkins TPK.L: Deutsche Bank cuts target price to 1060p from 1070p

* Trustpilot Group Plc TRST.L: Berenberg raises target price to 270p from 260p

* Trustpilot Group Plc TRST.L: Morgan Stanley raises target price to 220p from 215p

* Ubisoft UBIP.PA: Exane BNP Paribas cuts target price to EUR 14.5 from EUR 32

* Ubisoft UBIP.PA: Exane BNP Paribas cuts to neutral from outperform

* Ubisoft UBIP.PA: Morgan Stanley cuts target price to EUR 20 from EUR 31.5

* Ubisoft Entertainment SA UBIP.PA: Morgan Stanley cuts target to EUR 20 from EUR 31.5

* UMG UMG.AS: Morgan Stanley cuts target price to EUR 29 from EUR 31

* Universal Music Group VIV.PA: Morgan Stanley cuts target price to EUR 29 from EUR 31

* URW URW.PA: Exane BNP Paribas cuts to neutral

* WH Smith Plc SMWH.L: Barclays raises target price to 1590p from 1535p