* Admiral ADML.L: BofA Global Research raises to buy from neutral

* Adriatic Metals Plc ADT1.L: Berenberg raises to buy from hold

* Anglo American AAL.L: Berenberg cuts to sell from hold

* Cucinelli BCU.MI: Stifel raises to buy from hold

* URW URW.PA: JP Morgan raises to neutral from underweight

* ABB Ltd ABBN.S: Jefferies raises target price to CHF 54 from CHF 53

* Admiral ADML.L: BofA Global Research raises price objective to 3,225p from 3,100p

* Admiral ADML.L: BofA Global Research raises to buy from neutral

* Adriatic Metals Plc ADT1.L: Berenberg cuts target price to 250p from 260p

* Adriatic Metals Plc ADT1.L: Berenberg raises to buy from hold

* Akzo Nobel NV AKZO.AS: HSBC cuts target price to EUR 59 from EUR 69

* Alfen ALFEN.AS: Deutsche Bank cuts target price to EUR 20 from EUR 50

* Alstom ALSO.PA: BofA Global Research resumes coverage with buy rating; price objective EUR 19

* Andrada Mining Ltd ATM.L: Berenberg cuts target price to 9p from 10p

* Andrada Mining Ltd ATM.L: Berenberg raises target price to 10p from 9p

* Anglo American AAL.L: Berenberg cuts target price to 2,000p from 3,000p

* Anglo American AAL.L: Berenberg cuts to sell from hold

* Beiersdorf AG BEIG.DE: Jefferies raises target price to EUR 162 from EUR 156

* Boliden AB BOL.ST: Berenberg raises target price to SEK 310 from SEK 290

* Brunello Cucinelli S.P.A BCU.MI: UBS cuts target price to EUR 110 from EUR 120

* BT BT.L: Bernstein raises target price to 215p from 190p

* Bunzl BNZL.L: JP Morgan raises target price to 3380p from 3300p

* Burberry BRBY.L: UBS cuts target price to 720p from 750p

* Central Asia Metals Plc CAML.L: Berenberg raises target price to 240p from 220p

* Compagnie Financiere Richemont SA CFR.S: UBS cuts target price to CHF 160 from CHF 164

* Covestro AG 1COV.DE: Berenberg raises target price to EUR 58 from EUR 50

* Cucinelli BCU.MI: Stifel raises to buy from hold

* Danske Bank DANSKE.CO: UBS raises target price to DKK 244 from DKK 241

* Dassault Systemes DAST.PA: Deutsche Bank cuts target price to EUR 36 from EUR 52

* Dassault Systemes DAST.PA: Deutsche Bank cuts to hold from buy

* Dsm-Firmenich DSFIR.AS: UBS raises target price to EUR 129 from EUR 122

* Duke Capital Ltd DUKE.L: Canaccord Genuity cuts target price to 52p from 55p

* Endeavour Mining Plc EDV.L: Berenberg raises target price to 2,500p from 2,400p

* Energean Plc ENOG.L: Panmure Gordon cuts target price to 1054p from 1457p

* Energean Plc ENOG.L: Panmure Gordon cuts to hold from buy

* Fluidra FLUI.MC: JP Morgan raises target price to EUR 24.50 from EUR 24

* Gecina GFCP.PA: Deutsche Bank cuts target price to EUR 100 from EUR 110

* Gecina GFCP.PA: Deutsche Bank cuts to hold from buy

* Grand City Properties GYC.DE: Deutsche Bank raises target price to EUR 11 from EUR 10

* Griffin Mining Ltd GFM.L: Berenberg raises target price to 180p from 170p

* Hermes International SCA HRMS.PA: UBS cuts target price to EUR 2626 from EUR 2750

* Hochschild HOCM.L: Berenberg cuts to hold from buy

* IAG ICAG.MC: JP Morgan cuts target price to EUR 2.55 from EUR 2.60

* Intrum AB INTRUM.ST: UBS raises target price to SEK 33 from SEK 30

* JDE Peet's JDEP.AS: HSBC cuts target price to EUR 20.9 from EUR 24.7

* K+S SDFGn.DE: Berenberg raises target price to EUR 16.20 from EUR 15.90

* Kenmare Resources Plc KMR.L: Berenberg cuts target price to 420p from 430p

* Kering PRTP.PA: BofA Global Research raises price objective to EUR 450 from EUR 350

* Kering PRTP.PA: BofA Global Research raises to buy from underperform

* Kering PRTP.PA: Deutsche Bank cuts target price to EUR 450 from EUR 460

* Kering PRTP.PA: UBS cuts target price to EUR 410 from EUR 415

* Klepierre LOIM.PA: Deutsche Bank cuts to hold from buy

* Kone Oyj KNEBV.HE: JP Morgan raises target price to EUR 57 from EUR 52

* Koninklijke Vopak NV VOPA.AS: Jefferies raises target price to EUR 38 from EUR 35

* Leg LEGn.DE: Deutsche Bank raises target price to EUR 90 from EUR 75

* Leg LEGn.DE: Deutsche Bank raises to buy from hold

* LVMH Moet Hennessy Louis Vuitton SA LVMH.PA: UBS cuts target to EUR 800 from EUR 844

* Mears Group Plc MERG.L: Peel Hunt raises target price to 380p from 375p

* Medincell SA MEDCL.PA: H.C. Wainwright initiates coverage with buy rating; PT EUR 24

* Merlin Properties MRL.MC: Deutsche Bank raises target price to EUR 13 from EUR 11

* Moncler SpA MONC.MI: UBS cuts target price to EUR 71 from EUR 78

* MTU Aero Engines MTXGn.DE: Deutsche Bank raises target price to EUR 221 from EUR 219

* Next 15 Group Plc NFGN.L: Liberum cuts target price to 1150p from 1205p

* Pan African Resources Plc PAFR.L: Berenberg raises target price to 38p from 32p

* Pandora A/S PNDORA.CO: HSBC raises target price to DKK 1350 from DKK 1300

* PSP PSPN.S: Deutsche Bank initiates coverage with hold rating and target price CHF 117

* Redeia REDE.MC: Bernstein raises target price to EUR 20.5 from EUR 18.3

* Rio Tinto RIO.L: Berenberg cuts target price to 5,800p from 5,900p

* Rio Tinto RIO.L: Berenberg cuts to hold from buy

* Safran SAF.PA: Citigroup raises target price to EUR 230 from EUR 211

* Safran SAF.PA: Citigroup raises to buy from neutral

* Salvatore Ferragamo SpA SFER.MI: UBS cuts target price to EUR 9 from EUR 9.5

* SEB Group SEBa.ST: UBS raises target price to SEK 153 from SEK 150

* Siemens Energy AG ENR1n.DE: BofA Global Research raises price objective to EUR 32 from EUR 30

* Siemens Energy AG ENR1n.DE: Jefferies raises target price to EUR 27 from EUR 26

* Stellantis NV STLAM.MI: HSBC cuts target price to EUR 22 from EUR 23.5

* STMicroelectronics NV STMPA.PA: Stifel cuts target price to EUR 43 from EUR 46

* Swatch Group AG UHR.S: UBS cuts target price to CHF 192 from CHF 210

* TAG TEGG.DE: Deutsche Bank raises target price to EUR 16 from EUR 11

* TAG TEGG.DE: Deutsche Bank raises to buy from hold

* Tharisa Plc THST.L: Berenberg raises target price to 130p from 120p

* Unibail Rodamco Westfield URW.PA: Deutsche Bank raises target to EUR 85 from EUR 70

* Unibail Rodamco Westfield URW.PA: Deutsche Bank raises to buy from hold

* URW URW.PA: JP Morgan raises target price to EUR 72 from EUR 68

* URW URW.PA: JP Morgan raises to neutral from underweight

* VGP VGP1.BR: Deutsche Bank initiates coverage with buy rating and target price EUR 125

* Vonovia VNAn.DE: Deutsche Bank raises target price to EUR 33 from EUR 30

* Vonovia SE VNAn.DE: JP Morgan raises target price to EUR 34 from EUR 32

* Xior Student Housing NV XIOR.BR: KBC Securities upgrades to buy from accumulate; PT of EUR 38

* Yellow Cake Plc YCA.L: Berenberg cuts target price to 722p from 776p