* Air France-KLM AIRF.PA: Barclays cuts to equal-weight from overweight

* BP BP.L: Jefferies raises target price to 590p from 580p

* Liontrust Asset Management Plc LIO.L: Peel Hunt cuts to hold from buy

* Shell Plc SHEL.L: Jefferies raises target price to 3,200p from 3,000p

* Watches of Switzerland Group WOSG.L: Barclays raises target price to 595p from 580p

* Adecco Group AG ADEN.S: BofA Global Research cuts PT to CHF 32 from CHF 33

* Adidas AG ADSGn.DE: Barclays raises target price to EUR 252 from EUR 243

* Adidas AG ADSGn.DE: Deutsche Bank raises target price to EUR 255 from EUR 250

* Adidas AG ADSGn.DE: UBS cuts target price to EUR 264 from EUR 276

* Air France-KLM AIRF.PA: Barclays cuts target price to EUR 9.5 from EUR 15

* Air France-KLM AIRF.PA: Barclays cuts to equal-weight from overweight

* Antin Infrastructure Partners SAS ANTIN.PA: Citigroup raises PT to EUR 15.60 from EUR 14.80

* Antin Infrastructure Partners SAS ANTIN.PA: Citigroup raises to buy from neutral

* Avon Protection AVON.L: Barclays initiates coverage with equal-weight rating and PT 1,400p

* BASF SE BASFn.DE: Berenberg cuts target price to EUR 54 from EUR 58

* BNP Paribas SA BNPP.PA: Deutsche Bank cuts target price to EUR 75 from EUR 78

* BP BP.L: Jefferies raises target price to 590p from 580p

* Brembo N.V. BRBI.MI: Deutsche Bank initiates coverage with buy rating and PT EUR 13

* Bunzl BNZL.L: Deutsche Bank raises target price to 3,250p from 3,200p

* Bunzl BNZL.L: Stifel raises target price to 2,975p from 2,950p

* Burberry BRBY.L: Telsey Advisory Group cuts target price to 1,000p from 1,300p

* Carrefour CARR.PA: Morgan Stanley cuts target price to EUR 15.70 from EUR 18

* Commerzbank CBKG.DE: HSBC raises target price to EUR 21 from EUR 18

* Covestro AG 1COV.DE: Jefferies raises target price to EUR 62 from EUR 60

* Credit Agricole SA CAGR.PA: Deutsche Bank cuts target price to EUR 16 from EUR 17

* Currys Plc CURY.L: Berenberg raises target price to 92p from 90p

* Danske Bank DANSKE.CO: HSBC raises target price to DKK 257 from DKK 231

* Dino Polska DNP.WA: Barclays initiates coverage with overweight rating

* Dino Polska DNP.WA: Barclays initiates coverage with target price PLN 490

* EQT AB EQTAB.ST: Citigroup raises target price to SEK 345 from SEK 335

* Euroapi EAPI.PA: Deutsche Bank cuts target price to EUR 2.5 from EUR 3

* Fortum Oyj FORTUM.HE: Goldman Sachs cuts to sell from neutral

* H & M Hennes & Mauritz AB HMb.ST: Barclays cuts target price to SEK 190 from SEK 200

* H & M Hennes & Mauritz AB HMb.ST: UBS cuts target price to SEK 195 from SEK 212

* Halma HLMA.L: Deutsche Bank raises target price to 2,660p from 2,400p

* Hays HAYS.L: HSBC raises target price to 115p from 104p

* Jde Peet'S JDEP.AS: JP Morgan cuts target price to EUR 19 from EUR 21

* Keywords Studios Plc KWS.L: Peel Hunt cuts target price to 3,170p from 3,300p

* Liontrust Asset Management Plc LIO.L: Peel Hunt cuts to hold from buy

* Mears Group Plc MERG.L: Deutsche Bank raises target price to 435p from 425p

* Moonpig Group Plc MOONM.L: Berenberg raises target price to 280p from 265p

* Next 15 Group Plc NFGN.L: Deutsche Bank cuts target price to 1,179p from 1,205p

* Novo Nordisk NOVOb.CO: UBS raises target price to DKK 1,100 from DKK 795

* Ocado OCDO.L: JP Morgan cuts target price to 380p from 450p

* OMV AG OMVV.VI: Jefferies cuts target price to EUR 44 from EUR 47

* Pagegroup PAGE.L: HSBC raises target price to 480p from 420p

* Partners Group Holding AG PGHN.S: Citigroup cuts PT to CHF 1,330 from CHF 1,365

* QT Group OYJ QTCOM.HE: Inderes cuts to reduce from buy; target price EUR 80

* Randstad NV RAND.AS: BofA Global Research cuts PT to EUR 39.50 from EUR 43.50

* RELX Plc REL.L: Barclays raises target price to 3,700p from 3,450p

* Repsol REP.MC: Jefferies raises target price to EUR 16 from EUR 15

* Robert Walters Plc RWA.L: HSBC raises target price to 465p from 420p

* Safestore Holdings Plc SAFE.L: Morgan Stanley cuts target price to 850p from 980p

* Safestore Holdings Plc SAFE.L: Morgan Stanley cuts to equal-weight from overweight

* Saint-Gobain SGOB.PA: Jefferies raises target price to EUR 87.5 from EUR 85.5

* Salvatore Ferragamo SFER.MI: Barclays cuts target price to EUR 8 from EUR 9

* Schneider Electric SCHN.PA: JP Morgan raises target price to EUR 250 from EUR 230

* Schott pharma AG & Co KGaA 1SXP.DE: Barclays raises PT to EUR 30 from EUR 25

* Schott pharma AG & Co KGaA 1SXP.DE: UBS cuts target price to EUR 32.6 from EUR 33

* Serco SRP.L: Deutsche Bank raises target price to 205p from 200p

* Shell Plc SHEL.L: Jefferies raises target price to 3,200p from 3,000p

* Societe Generale SOGN.PA: Deutsche Bank cuts target price to EUR 28 from EUR 30

* Stellantis NV STLAM.MI: Bernstein initiates coverage with market-perform rating

* Stellantis NV STLAM.MI: Bernstein initiates coverage with price target EUR 22

* SThree Plc STEMS.L: HSBC cuts target price to 505p from 540p

* Straumann STMN.S: UBS cuts target price to CHF 120 from CHF 148

* Subsea 7 SA SUBC.OL: Berenberg raises target price to NOK 230 from NOK 215

* Swatch UHR.S: HSBC cuts target price to CHF 210 from CHF 250

* Symrise AG SY1G.DE: BofA Global Research raises PT to EUR 130 from EUR 115

* Symrise AG SY1G.DE: BofA Global Research raises to buy from neutral

* Terna TRN.MI: Goldman Sachs cuts target price to EUR 7.6 from EUR 7.95

* Terna TRN.MI: Goldman Sachs cuts to sell from neutral

* Universal Music Group UMG.AS: Barclays raises target price to EUR 31 from EUR 30

* Valeo SA VLOF.PA: Deutsche Bank cuts target price to EUR 12 from EUR 14

* Watches of Switzerland Group WOSG.L: Barclays raises target price to 595p from 580p

* Watches of Switzerland Group WOSG.L: Deutsche Bank raises PT to 435p from 420p

* Wise Plc WISEa.L: Berenberg cuts target price to 1,045p from 1,140p

* Wise Plc WISEa.L: Jefferies cuts target price to 872p from 1,123p

* Wolters Kluwer NV WLSNc.AS: Barclays raises target price to EUR 165 from EUR 160

* WPP Group WPP.L: Deutsche Bank cuts target price to 990p from 998p

* Zealand pharma A/S ZELA.CO: Jefferies raises target price to DKK 1,100 from DKK 790