* BMW BMWG.DE: Citigroup raises to neutral from sell

* Entain ENT.L: Berenberg raises target price to 1,030p from 1,020p

* Kingfisher KGF.L: Citigroup raises target price to 301p from 292p

* Spectris SXS.L: HSBC cuts to hold from buy

* Whitbread WTB.L: Goldman Sachs cuts to neutral from buy

* Ackermans & Van Haaren NV ACKB.BR: Berenberg initiates coverage with buy rating; PT EUR 236

* Advanced Medical Solutions Group Plc AMSU.L: Stifel raises PT to 245p from 225p

* Allianz SE ALVG.DE: Goldman Sachs initiates coverage with buy rating; PT EUR 349

* Amundi AMUN.PA: Deutsche Bank raises target price to EUR 80 from EUR 76

* Anpario Plc ANP.L: Canaccord Genuity raises target price to 370p from 340p

* AP Moller Maersk MAERSKb.CO: Barclays cuts target price to DKK 8500 from DKK 9800

* ASMI ASMI.AS: Degroof Petercam cuts target price to EUR 600 from EUR 650

* ASML ASML.AS: Deutsche Bank cuts target price to EUR 950 from EUR 1100

* ASML Holding NV ASML.AS: Citigroup cuts target price to EUR 1150 from EUR 1250

* ASML Holding NV ASML.AS: Degroof Petercam cuts PT to EUR 1050 from EUR 1150

* Aviva AV.L: Goldman Sachs initiates coverage with buy rating; price target 572p

* AXA AXAF.PA: Goldman Sachs initiates coverage with neutral rating; PT EUR 37.5

* Azelis AZE.BR: JP Morgan cuts target price to EUR 25.5 from EUR 27

* Barratt Developments BDEV.L: Deutsche Bank raises target price to 536p from 500p

* BMW BMWG.DE: Citigroup raises to neutral from sell

* BMW BMWG.DE: Citigroup removes stock from its focus list

* BNP Paribas BNPP.PA: HSBC cuts to hold from buy; cuts target to EUR 70 from EUR 90

* BNP Paribas SA BNPP.PA: Deutsche Bank raises target price to EUR 79 from EUR 78

* Canatu OYJ CANATU.HE: Inderes initiates coverage with rating reduce; PT EUR 13.0

* Carmat ALCAR.PA: Portzamparc cuts target price to EUR 7.6 from EUR 7.9; rating "buy"

* Centamin Plc CEY.L: Panmure Liberum raises to buy from hold

* Commerzbank CBKG.DE: Barclays raises target price to EUR 16 from EUR 12

* Commerzbank CBKG.DE: Barclays raises to equal-weight from underweight

* Commerzbank AG CBKG.DE: Barclays raises target price to EUR 16 from EUR 12

* Commerzbank AG CBKG.DE: Barclays raises to equal weight from underweight

* Credit Agricole SA CAGR.PA: Deutsche Bank raises PT to EUR 17.5 from EUR 16

* Deutsche Telekom AG DTEGn.DE: Berenberg raises target price to EUR 31 from EUR 28

* DKSH Holding AG DKSH.S: Exane BNP Paribas cuts target price to CHF 70 from CHF 76

* DKSH Holding AG DKSH.S: Exane BNP Paribas cuts to neutral from outperform

* EDP EDP.LS: Morgan Stanley raises target price to EUR 4.8 from EUR 4.2

* EDP Renovaveis EDPR.LS: Morgan Stanley raises target price to EUR 18 from EUR 16

* Entain ENT.L: Berenberg raises target price to 1030p from 1020p

* EQT AB Group EQTAB.ST: UBS cuts target price to SEK 300 from SEK 325

* EQT AB Group EQTAB.ST: UBS cuts to sell from neutral

* Essentra ESNT.L: Deutsche Bank cuts target price to 200p from 240p

* Euronext NV ENX.PA: Jefferies raises target price to EUR 125 from EUR 105

* Fevertree Drinks Plc FEVR.L: Morgan Stanley cuts target price to 800p from 1050p

* Generali GASI.MI: Goldman Sachs initiates coverage with buy rating; PT EUR 31.5

* Givaudan GIVN.S: UBS raises target price to CHF 4500 from CHF 4200

* Givaudan SA GIVN.S: Stifel raises target price to CHF 4

* Hammerson HMSO.L: Citigroup raises target price to 43p from 26p

* Hammerson HMSO.L: Citigroup raises to buy from neutral

* Hornbach Holding AG & Co KGaA HBH.DE: Baader Helvea initiates with add rating; PT EUR 95

* IHG IHG.L: Goldman Sachs raises to buy from neutral

* Imerys SA IMTP.PA: Berenberg raises target price to EUR 47 from EUR 45

* JTC Plc JTC.L: HSBC cuts target price to 1270p from 1310p

* Kainos Group Plc KNOS.L: Deutsche Bank cuts target price to 1185p from 1235p

* Kainos Group Plc KNOS.L: Deutsche Bank raises to buy from hold

* KBC Groep NV KBC.BR: HSBC cuts target price to EUR 87 from EUR 91

* Kering PRTP.PA: Stifel cuts target price to EUR 275 from EUR 305

* Kingfisher KGF.L: Citigroup raises target price to 301p from 292p

* Kingfisher KGF.L: Deutsche Bank raises target price to 350p from 310p

* Kingfisher KGF.L: Jefferies raises target price to 296p from 250p

* Kingfisher KGF.L: JP Morgan raises target price to 265p from 180p

* Kumulus VAPE: Midcap cuts target price to EUR 8.3 from EUR 9.2; rating "buy"

* LBG Media Plc LBG.L: Berenberg raises target price to 170p from 140p

* LBG Media Plc LBG.L: Peel Hunt raises target price to 150p from 135p

* Learning Technologies Group Plc LTGL.L: Panmure Liberum cuts PT to 100p from 105p

* LSL Property Services Plc LSL.L: Peel Hunt raises target price to 360p from 310p

* M&C Saatchi Plc SAA.L: Peel Hunt raises to add from hold; raises PT to 210p from 192p

* Marshalls MSLH.L: RBC initiates coverage with sector perform rating; PT 370p

* Mowi ASA MOWI.OL: Berenberg cuts target price to NOK 180 from NOK 225

* Playtech PTEC.L: Deutsche Bank raises target price to 873p from 780p

* Primary Health Properties Plc PHP.L: Berenberg raises target price to 110p from 103p

* PZ Cussons PZC.L: JP Morgan cuts target price to 125p from 150p

* ROVI ROVI.MC: Exane BNP Paribas raises to outperform from neutral

* Sap SE SAPG.DE: Jefferies raises target price to EUR 230 from EUR 225

* SCA AB SCAb.ST: Jefferies cuts target price to SEK 158 from SEK 160

* Serica Energy Plc SQZ.L: Stifel cuts target price to 218p from 232p

* Siili Solutions OYJ SIILI.HE: Inderes cuts PT to EUR 7.30 from EUR 8.20; rating reduce

* SKF SKFb.ST: Deutsche Bank raises target price to SEK 188 from SEK 182

* SKF SKFb.ST: RBC cuts target price to SEK 250 from SEK 280

* Societe Generale SOGN.PA: Deutsche Bank cuts target price to EUR 27 from EUR 28

* Societe Generale SA SOGN.PA: HSBC cuts target price to EUR 24 from EUR 28

* Sonova Holding AG SOON.S: Barclays cuts target price to CHF 310 from CHF 320

* Sonova Holding AG SOON.S: Barclays cuts to equal-weight from overweight

* Spectris SXS.L: HSBC cuts target price to 3050p from 3700p

* Spectris SXS.L: HSBC cuts to hold from buy

* Supermarket Income REIT Plc SUPR.L: Jefferies raises target price to 63p from 60p

* target Healthcare REIT Plc THRLT.L: Jefferies raises target price to 110p from 104p

* THG Plc THG.L: Barclays cuts target price to 92p from 101p

* Ubisoft UBIP.PA: BMO cuts target price to EUR 22 from EUR 27

* Ubisoft UBIP.PA: BMO raises to outperform from market perform

* Velocity Composites Plc VELV.L: Canaccord Genuity cuts target price to 60p from 70p

* Warpaint London Plc W7L.L: Berenberg raises target price to 680p from 580p

* Whitbread WTB.L: Goldman Sachs cuts to neutral from buy

* Zurich Insurance Group AG ZURN.S: Goldman Sachs initiates coverage with neutral rating

* Zurich Insurance Group AG ZURN.S: Goldman Sachs initiates coverage with PT CHF 522