* Carlsberg A/S CARLB.CO: HSBC raises target price to DKK 1040 from DKK 1030

* Danske Bank DANSKE.CO: HSBC cuts target price to DKK 231 from DKK 238

* Hermes HRMS.PA: Jefferies initiates coverage with buy rating; price target EUR 2,650

* Rathbone Brothers Plc RAT.L: Barclays raises target price to 1640p from 1520p

* Teleperformance SE TEPRF.PA: Berenberg raises target price to EUR 215 from EUR 205

* 3I Group Plc III.L: Barclays cuts target price to 3030p from 3050p

* 3I Group Plc III.L: Deutsche Bank raises target price to 2918p from 2647p

* Accsys Technologies Plc ACCS.L: Deutsche Bank initiates with buy rating and PT 70p

* Acerinox SA ACX.MC: Morgan Stanley raises target price to EUR 14.9 from EUR 13.6

* Airtel Africa AAF.L: Barclays cuts target price to 135p from 150p

* Alstom SA ALSO.PA: Deutsche Bank raises target price to EUR 20 from EUR 17

* Amadeus AMA.MC: UBS cuts target price to EUR 67 from EUR 70.5

* Amundi SA AMUN.PA: Jefferies raises target price to EUR 80.00 from EUR 71.00

* Anheuser Busch Inbev SA ABI.BR: TD Cowen raises target price to EUR 63 from EUR 60

* Anheuser-Busch Inbev ABI.BR: UBS raises target price to EUR 63.5 from EUR 58

* Anheuser-Busch Inbev SA ABI.BR: Morgan Stanley raises target to EUR 65 from EUR 63.5

* Antin Infrastructure Partners SAS ANTIN.PA: Jefferies cuts PT to EUR 18 from EUR 19

* Ascential Plc ASCL.L: Barclays raises target price to 365p from 350p

* Athens International Airport SA AIAr.AT: Barclays raises PT to EUR 8.45 from EUR 8.4

* Auto1 Group SE AG1G.DE: Morgan Stanley raises target price to EUR 6.5 from EUR 5

* Balfour Beatty BALF.L: Deutsche Bank initiates coverage with buy rating and PT 500p

* Barratt Developments BDEV.L: Deutsche Bank initiates with hold rating and target 500p

* Bellway BWY.L: Deutsche Bank initiates coverage with buy rating and target price 3013p

* Berkeley Group BKGH.L: Deutsche Bank initiates coverage with buy rating and PT 5600p

* Bpost SA BPOST.BR: Jefferies cuts target price to EUR 3.5 from EUR 3.8

* Bpost SA BPOST.BR: Jefferies raises to hold from underperform

* Breedon Group Plc BREE.L: Deutsche Bank initiates coverage with buy rating and PT 520p

* Cairn Homes Plc CRN.L: Deutsche Bank initiates coverage with buy rating and PT 165p

* Carlsberg A/S CARLB.CO: HSBC raises target price to DKK 1040 from DKK 1030

* Castellum CAST.ST: Barclays cuts target price to SEK 110 from SEK 135

* Castellum CAST.ST: Barclays cuts to underweight from overweight

* Clarkson Plc CKN.L: HSBC raises target price to 4245p from 3530p

* Clean Power Hydrogen Plc CPH2.L: Liberum cuts target price to 68p from 80p -

* Cloudberry Clean Energy ASA CLOUD.OL: Jefferies cuts target to NOK 12 from NOK 13.5

* Costain Group Plc COSG.L: Deutsche Bank initiates coverage with hold rating and PT 80p

* Crest Nicholson CRST.L: Deutsche Bank initiates coverage with buy rating and PT 264p

* CRH Plc CRH.L: BofA Global Research raises price objective to 8,000p from 7,800p -

* Cucinelli BCU.MI: Jefferies assumes coverage with hold vs buy rating

* Cucinelli BCU.MI: Jefferies assumes coverage with price target EUR 97 vs EUR 101

* Danske Bank DANSKE.CO: HSBC cuts target price to DKK 231 from DKK 238

* Delivery Hero SE DHER.DE: Jefferies cuts target price to EUR 62 from EUR 68

* Deutsche Pfandbriefbank AG PBBG.DE: Citigroup raises target to EUR 5 from EUR 3.60

* Deutsche Pfandbriefbank AG PBBG.DE: Citigroup raises to neutral from sell

* Direct Line Insurance DLGD.L: Jefferies cuts target price to 235p from 240p

* DWS Group Gmbh & Co KGaA DWSG.DE: Jefferies cuts to hold from buy

* Entra ENTRA.OL: Barclays raises target price to NOK 105 from NOK 100

* EQT AB EQTAB.ST: Jefferies raises target price to SEK 365 from SEK 320

* Eramet ERMT.PA: BofA Global Research raises price objective to EUR 120 from EUR 90 -

* Etteplan Oyj ETTE.HE: Evli Research raises target price to EUR 14.5 from EUR 14.0

* Eutelsat Communications ETL.PA: Deutsche Bank raises target to EUR 3.1 from EUR 3

* Evonik Industries AG EVKn.DE: Morgan Stanley raises target to EUR 21.5 from EUR 21

* Fabege FABG.ST: Barclays cuts target price to SEK 78 from SEK 80

* Ferrari RACE.MI: RBC raises target price to EUR 464 from EUR 463 -

* Foxtons Group Plc FOXT.L: Deutsche Bank initiates coverage with buy rating and PT 71p

* GEA Group AG G1AG.DE: RBC raises target price to EUR 45 from EUR 44

* Genuit Group Plc GENG.L: Deutsche Bank initiates coverage with buy rating and PT 545p

* Gestamp Automocion S.A. GEST.MC: UBS cuts target price to EUR 3.2 from EUR 3.5

* Glenveagh Properties Plc GLV.L: Deutsche Bank initiates with hold rating and PT 1.35p

* Globaldata Plc DATA.L: Deutsche Bank initiates coverage with hold rating and PT 250p

* Grafton Group Plc GFTU_u.L: Deutsche Bank initiates with buy rating and target 1230p

* Grainger Plc GRI.L: Deutsche Bank initiates coverage with buy rating and target 345p

* Greencore GNC.L: HSBC raises target price to 150p from 130p

* Gresham House Energy Storage Fund Plc GRID.L: Stifel cuts to neutral rating

* Grifols SA GRLS.MC: Morgan Stanley cuts target price to EUR 11 from EUR 14

* Handelsbanken SHBa.ST: HSBC cuts target price to SEK 105 from SEK 128

* Henry Boot BOOT.L: Deutsche Bank initiates coverage with buy rating and target 310p

* Hermes HRMS.PA: Jefferies initiates coverage with buy rating; price target EUR 2650

* Howden Joinery HWDN.L: Deutsche Bank initiates coverage with buy rating and PT 1170p

* Iberdrola IBE.MC: Berenberg raises target price to EUR 12.3 from EUR 11.5

* Informa Plc INF.L: Deutsche Bank initiates coverage with buy rating and target price 1041p

* Italy's Prysmian PRY.MI: Citigroup raises target price to EUR 62.50 from EUR 53

* Italy's Prysmian PRY.MI: Morgan Stanley raises target price to EUR 57 from EUR 51

* ITV Plc ITV.L: Barclays raises target price to 85p from 80p

* KBC Groep KBC.BR: Barclays raises target price to EUR 67 from EUR 63

* Keller Group Plc KLR.L: Deutsche Bank initiates coverage with buy rating and PT 1400p

* Kering PRTP.PA: Bernstein cuts target price to EUR 337 from EUR 414

* Kier Group Plc KIE.L: Deutsche Bank initiates coverage with buy rating and target 200p

* Kingspan KSP.I: Deutsche Bank initiates coverage with hold rating and target EUR 80

* Kingspan KSP.I: UBS cuts to neutral from buy

* Kingspan KSP.I: UBS raises target price to EUR 96 from EUR 91

* Kingspan Group Plc KSP.I: Jefferies raises target price to EUR 81.6 from EUR 74.5

* Legrand LEGD.PA: Citigroup raises to buy from sell; raises PT to EUR 125 from EUR 85

* Leonardo S.P.A. LDOF.MI: UBS raises target price to EUR 30 from EUR 16.6

* Leonardo S.P.A. LDOF.MI: UBS raises to buy from neutral

* LSL Property Services Plc LSL.L: Deutsche Bank initiates with buy rating and PT 428p

* M&C Saatchi SAA.L: Deutsche Bank initiates coverage with buy rating and target 230p

* Man Group Plc EMG.L: Jefferies raises target price to 325p from 300p

* Marshalls MSLH.L: Deutsche Bank initiates coverage with buy rating and target 420p

* Medincell MEDCL.PA: Midcap Partners raises target price to EUR 17 from EUR 15.3; ‘buy’

* Meyer Burger Technology AG MBTN.S: Jefferies resumes coverage with hold rating

* Morgan Sindall Plc MGNS.L: Deutsche Bank initiates coverage with buy rating; PT 3000p

* Mortgage Advice Bureau MAB1.L: Deutsche Bank initiates with buy rating and target 1000p

* Munich Re MUVGn.DE: BofA Global Research ups to buy from neutral; ups price objective to EUR 530 from EUR 480 -

* Next 15 Group Plc NFGN.L: Deutsche Bank initiates coverage with buy rating and PT 1205p

* Norcros Plc NXR.L: Deutsche Bank initiates coverage with buy rating and target 305p

* Ontex Group NV ONTEX.BR: UBS raises target price to EUR 10.7 from EUR 10

* Pan African Resources Plc PAFR.L: Peel Hunt raises target price to 27p from 26p

* Partners Group Holding AG PGHN.S: Jefferies raises target to CHF 1170 from CHF 1050

* Persimmon PSN.L: Deutsche Bank initiates coverage with hold rating and target 1419p

* Petershill Partners Plc PHLL.L: Jefferies raises target price to 265p from 235p

* Pharming Group NV PHAR.AS: RBC cuts target price to EUR 1.65 from EUR 1.85

* PostNL NV PTNL.AS: Jefferies cuts target price to EUR 1.2 from EUR 1.5

* Puma SE PUMG.DE: RBC raises target price to EUR 47 from EUR 42

* Rathbone Brothers Plc RAT.L: Barclays raises target price to 1640p from 1520p

* Recordati RECI.MI: Barclays raises target price to EUR 44 from EUR 43

* Redrow RDW.L: Deutsche Bank initiates coverage with hold rating and target price 704p

* RELX Plc REL.L: Deutsche Bank initiates coverage with hold rating and target 3516p

* Renishaw Plc RSW.L: Jefferies raises target price to 3

* S4 Capital Plc SFOR.L: Deutsche Bank initiates coverage with hold rating and PT 53p

* S4 Capital Plc SFOR.L: Jefferies cuts target price to 63.00p from 70.00p

* S4 Capital Plc SFOR.L: Liberum cuts target price to 80p from 85p

* Sabre Insurance Group Plc SBRE.L: Jefferies raises target price to 165p from 145p

* Savills Plc SVS.L: Deutsche Bank initiates coverage with buy rating and target 1319p

* Schneider Electric SCHN.PA: Citigroup raises target price to EUR 235 from EUR 210

* Schroders SDR.L: Jefferies cuts target price to 385p from 430p

* Siemens Energy AG ENR1n.DE: Barclays cuts to equal weight from overweight

* SIG SHI.L: Deutsche Bank initiates coverage with sell rating and target price 23p

* Sigmaroc Plc SRC.L: Deutsche Bank initiates coverage with buy rating and target 95p

* SMA Solar S92G.DE: Jefferies cuts target price to EUR 48 from EUR 51

* Suess Microtec SE SMHNn.DE: Stifel raises target price to EUR 55 from EUR 46

* Symrise AG SY1G.DE: Berenberg cuts target price to EUR 106.00 from EUR 126.00

* Symrise AG SY1G.DE: Berenberg cuts to hold from buy

* Synthomer SYNTS.L: Berenberg raises target price to 375p from 320p

* Synthomer Plc SYNTS.L: Morgan Stanley raises target price to 230p from 210p

* TAG Immobilien AG TEGG.DE: Berenberg raises target price to EUR 15.5 from EUR 14

* Taylor Wimpey TW.L: Deutsche Bank initiates coverage with hold rating and target 153p

* Technogym TGYM.MI: UBS raises target price to EUR 11.1 from EUR 11

* Teleperformance SE TEPRF.PA: Berenberg raises target price to EUR 215 from EUR 205

* Trainline Plc TRNT.L: UBS raises to buy from neutral

* Ultimate Products Plc ULTP.L: Canaccord Genuity cuts target price to 182p from 200p

* Veolia VIE.PA: Berenberg cuts target price to EUR 35.00 from EUR 38.00

* Victorian Plumbing VIC.L: Deutsche Bank initiates coverage with buy rating and PT 100p

* Vistry Group VTYV.L: Deutsche Bank initiates coverage with buy rating and target 1513p

* Volution Group Plc FAN.L: Deutsche Bank initiates coverage with hold rating and PT 430p

* Watches of Switzerland WOSG.L: Goldman Sachs raises target price to 566p

* WH Smith Plc SMWH.L: Berenberg cuts target price to 1600p from 1800p

* Wilmington Plc WIL.L: Deutsche Bank initiates coverage with buy rating and target 447p

* Wood Plc WG.L: Berenberg raises target price to 200p from 150p

* WPP Group WPP.L: Deutsche Bank initiates coverage with buy rating and target price 998p

* YouGov Plc YOU.L: Deutsche Bank initiates coverage with buy rating and target price 1375p

* Zalando SE ZALG.DE: Berenberg raises target price to EUR 29.70 from EUR 25.20

* Zalando SE ZALG.DE: Berenberg raises to buy from hold

* Zalando SE ZALG.DE: HSBC raises target price to EUR 35 from EUR 33