* AFC Ajax NV AJAX.AS: Berenberg cuts to hold from buy; cuts PT to EUR 11 from EUR 17

* Coloplast COLOB.CO: HSBC raises target price to DKK 710 from DKK 700

* JD Wetherspoon JDW.L: HSBC raises target price to 1030p from 1020p

* National Grid NG.L: Barclays raises target price to 1365p from 1320p

* Smurfit Kappa SKG.L: Barclays raises target price to 4500p from 3830p

* ABB Ltd ABBN.S: Jefferies raises target price to CHF 44 from CHF 36

* AFC Ajax NV AJAX.AS: Berenberg cuts to hold from buy; cuts PT to EUR 11 from EUR 17

* Akzo Nobel AKZO.AS: UBS raises target price to EUR 80 from EUR 76

* Akzo Nobel AKZO.AS: UBS raises to buy from neutral

* Anglo American AAL.L: RBC raises target price to 3,100p from 2,300p

* Anima Holding ANIM.MI: HSBC raises target price to EUR 5.6 from EUR 5

* Aperam SA APAM.AS: Morgan Stanley raises target price to EUR 32 from EUR 27

* Argenx SE ARGX.BR: Bernstein cuts target price to EUR 155 from EUR 165

* Ashmore ASHM.L: Citigroup cuts target price to 160p from 163p

* Auction Technology Group Plc ATG.L: Deutsche Bank initiates with buy rating; PT 916p

* Aviva AV.L: Berenberg raises target price to 572p from 550p

* AXA AXAF.PA: Jefferies raises target price to EUR 43 from EUR 42

* BAE Systems BAES.L: BofA Global Research cuts price objective to 1425p from 1385p

* BAE Systems BAES.L: BofA Global Research cuts to neutral from buy

* Banca Generali BGN.MI: Barclays raises target price to EUR 39.3 from EUR 38.9

* Banca Generali BGN.MI: HSBC raises target price to EUR 40 from EUR 35

* Banca Mediolanum BMED.MI: HSBC raises target price to EUR 12 from EUR 11

* Banco BPM BAMI.MI: HSBC raises target price to EUR 7.3 from EUR 6.1

* Beijer Ref BEIJb.ST: Berenberg cuts to hold from buy

* BFF Banking Group BFF.MI: Deutsche Bank cuts target price to EUR 11.4 from EUR 12.7

* Boliden BOL.ST: UBS cuts to sell from neutral

* BPER Banca EMII.MI: HSBC raises target price to EUR 6.5 from EUR 5.2

* Caledonia Mining Corporation Plc CALq.L: Liberum cuts target to 1103p from 1163p

* Cancom SE COKG.DE: Deutsche Bank raises target price to EUR 34 from EUR 31

* Coloplast COLOB.CO: HSBC raises target price to DKK 710 from DKK 700

* Compugroup Medical SE & Co KGaA COP1n.DE: Deutsche Bank cuts PT to EUR 31 from EUR 40

* Compugroup Medical SE & Co KGaA COP1n.DE: Deutsche Bank cuts to hold from buy

* Delivery Hero SE DHER.DE: Citigroup cuts target price to EUR 35 from EUR 38

* Diploma Plc DPLM.L: RBC raises target price to 3,900p from 3,500p

* Dr. Martens Plc DOCS.L: Barclays cuts target price to 80p from 110p

* EDP EDP.LS: Goldman Sachs cuts to neutral

* EDP EDP.LS: Goldman Sachs cuts to neutral from buy

* EDP Renovaveis EDPR.LS: Barclays raises target price to EUR 15.2 from EUR 14.6

* Elementis Plc ELM.L: HSBC raises target price to 175p from 170p

* Energias De Portugal EDP.LS: Barclays raises target price to EUR 5 from EUR 4.9

* Evonik Industries AG EVKn.DE: Citigroup raises target price to EUR 24 from EUR 22

* Evonik Industries AG EVKn.DE: HSBC raises target price to EUR 19 from EUR 17

* Evonik Industries AG EVKn.DE: Stifel raises target price to EUR 22 from EUR 20

* Finecobank SpA FBK.MI: HSBC raises target price to EUR 17 from EUR 15.6

* Fluidra FLUI.MC: Berenberg raises target price to EUR 26 from EUR 25

* Fresenius Medical Care AG FMEG.DE: Barclays raises target to EUR 39 from EUR 38.5

* Fresenius SE & Co KGaA FREG.DE: Barclays raises target price to EUR 36 from EUR 35

* Future FUTR.L: Deutsche Bank initiates coverage with buy rating and target 2120p

* GN Store Nord GN.CO: Morgan Stanley raises target price to DKK 210 from DKK 188

* GSK GSK.L: Jefferies raises target price to 2,100p from 1,950p

* IAG ICAG.L: Bernstein raises target price to 215p from 210p

* IAG ICAG.L: Peel Hunt raises target price to 240p from 230p

* IAG ICAG.L: RBC raises target price to 230p from 220p

* IAG ICAG.MC: Morgan Stanley raises target price to EUR 2.1 from EUR 2

* International Airlines Group ICAG.L: Barclays raises target price to 270p from 260p

* Intesa Sanpaolo SpA ISP.MI: HSBC raises target price to EUR 4.2 from EUR 3.7

* Italy's Prysmian PRY.MI: Bernstein raises target price to EUR 65 from EUR 60

* Iveco Group NV IVG.MI: BofA Global Research cuts price objective to EUR 20 from EUR 21

* JD Wetherspoon JDW.L: HSBC raises target price to 1030p from 1020p

* Johnson Service Group JSG.L: HSBC raises target price to 210p from 143p

* Johnson Service Group JSG.L: HSBC raises to buy from hold

* Jupiter Fund Management JUP.L: Citigroup cuts target price to 85p from 95p

* Juventus Fc SpA JUVE.MI: Berenberg raises target price to EUR 1.75 from EUR 0.30

* Kojamo Oyj KOJAMO.HE: Goldman Sachs cuts target price to EUR 9.2

* Koninklijke Philips NV PHG.AS: Bernstein raises target to EUR 32.50 from EUR 19.50

* Koninklijke Philips NV PHG.AS: Bernstein raises to outperform from market-perform

* Lenzing AG LENV.VI: Berenberg raises target price to EUR 35 from EUR 25

* Maersk MAERSKb.CO: Citigroup raises target price to DKK 9,100 from DKK 8,500

* Man Group Plc EMG.L: Citigroup cuts target price to 300p from 310p

* Mediobanca MDBI.MI: Barclays raises target price to EUR 15.2 from EUR 14.6

* Mediobanca MDBI.MI: HSBC raises target price to EUR 14.5 from EUR 12.2

* Mediobanca MDBI.MI: UBS raises target price to EUR 15.6 from EUR 15.1

* Mediolanum BMED.MI: Barclays raises target price to EUR 13 from EUR 12.8

* Mercedes-Benz Group AG MBGn.DE: RBC cuts target price to EUR 90 from EUR 91

* Meyer Burger Technology AG MBTN.S: UBS cuts target price to CHF 0.01 from CHF 0.102

* Mister Spex SE MRXG.DE: Barclays cuts target price to EUR 6 from EUR 9

* Mobico Group Plc MCG.L: Jefferies cuts target price to 80p from 100p

* Mondi MNDI.L: Barclays raises target price to 1380p from 1350p

* Mondi MNDI.L: Citigroup resumes coverage with neutral rating and 1700p price target

* National Grid NG.L: Barclays raises target price to 1365p from 1320p

* National Grid NG.L: UBS raises target price to 1240p from 1210p

* Oerlikon OERL.S: UBS raises target price to CHF 4.5 from CHF 4.102

* Patrizia SE PATGn.DE: Baader Helvea raises target price to EUR 8.70 from EUR 8.50

* Petershill Partners PHLL.L: UBS raises target price to 200p from 175p

* Proximus PROX.BR: UBS cuts target price to EUR 7.6 from EUR 8.4

* Renault RENA.PA: Bernstein cuts target price to EUR 61 from EUR 64

* Rightmove RMV.L: UBS cuts target price to 732p from 764p

* Rightmove Plc RMV.L: Morgan Stanley raises target price to 650p from 640p

* S4 Capital SFOR.L: Barclays raises target price to 65p from 50p

* S4 Capital Plc SFOR.L: Morgan Stanley raises target price to 46p from 44p

* Saint-Gobain SGOB.PA: Barclays raises target price to EUR 102 from EUR 87

* Sandvik AB SAND.ST: Morgan Stanley raises target price to SEK 230 from SEK 220

* Schibsted ASA SCHA.OL: Jefferies cuts target price to NOK 380 from NOK 390

* Schroders SDR.L: Citigroup cuts target price to 395p from 450p

* SGL Carbon SGCG.DE: Deutsche Bank cuts target price to EUR 10.8 from EUR 11.2

* Siltronic AG WAFGn.DE: Deutsche Bank cuts target price to EUR 78 from EUR 80

* Smurfit Kappa SKG.I: Barclays raises target price to EUR 53 from EUR 45

* Smurfit Kappa SKG.L: Barclays raises target price to 4500p from 3830p

* Swatch Group AG UHR.S: Stifel cuts target price to CHF 215 from CHF 225

* Team Internet Group Plc TIG.L: Berenberg raises target price to 205p from 185p

* Telenor ASA TEL.OL: Citigroup raises target price to NOK 149 from NOK 145

* TP ICAP Group Plc TCAPI.L: Canaccord Genuity raises target price to 326p from 256p

* TT Electronics Plc TTG.L: HSBC cuts target price to 270p from 280p

* Unicredit CRDI.MI: HSBC raises target price to EUR 43.5 from EUR 39

* Unilever ULVR.L: Barclays raises target price to 5200p from 5000p

* Vanquis Banking Group VANQ.L: Canaccord Genuity cuts target price to 66p from 123p

* Vanquis Banking Group VANQ.L: Canaccord Genuity raises to speculative buy from hold

* Yara YAR.OL: JP Morgan cuts target price to NOK 270 from NOK 390

* Yara YAR.OL: JP Morgan cuts to underweight from neutral