* Arkema SA AKE.PA: JP Morgan raises to neutral from underweight

* Glencore GLEN.L: Jefferies raises target price to 600p from 550p

* Michelin MICP.PA: HSBC raises to buy from hold

* Pirelli & C SpA PIRC.MI: HSBC raises to buy from hold

* Rio Tinto RIO.L: Jefferies raises target price to 6400p from 6000p

* ABB Ltd ABBN.S: JP Morgan raises target price to CHF 45 from CHF 38

* Admiral ADML.L: Deutsche Bank raises target price to 2730p from 2600p

* Aixtron AIXGn.DE: Deutsche Bank cuts target price to EUR 31 from EUR 33

* Aixtron SE AIXGn.DE: Jefferies cuts target price to EUR 35 from EUR 40

* Angling Direct Plc ANG.L: Canaccord Genuity initiates coverage with buy rating; PT 57p

* Antofagasta ANTO.L: Bernstein raises target price to 1970p from 1730p

* AP Moller Maersk MAERSKb.CO: Barclays raises target price to DKK 10700 from DKK 8150

* Argo Blockchain Plc ARB.L: Jefferies cuts target price to 9.50p from 11.90p

* Arkema SA AKE.PA: JP Morgan raises to neutral from underweight

* Assetco Plc ASTO.L: Deutsche Bank raises target price to 40p from 38p

* Atlas Copco AB ATCOa.ST: JP Morgan raises target price to SEK 215 from SEK 205

* Atoss Software SE AOFG.DE: Jefferies raises target price to EUR 112 from EUR 100

* B&M BMEB.L: Canaccord Genuity initiates coverage with buy rating; target price 600p

* Baltic Classifieds Group Plc BCG.L: Peel Hunt raises target price to 270p from 245p

* Boliden AB BOL.ST: Bernstein raises target price to SEK 342 from SEK 254

* Brenntag SE BNRGn.DE: BofA Global Research cuts price objective to EUR 72 from EUR 78

* Britvic Plc BVIC.L: Peel Hunt cuts to hold from buy

* Britvic Plc BVIC.L: Peel Hunt raises target price to 1315p from 1100p

* Card Factory CARDC.L: Canaccord Genuity initiates coverage with buy rating; PT 185p

* Carmat ALCAR.PA: Degroof Petercam cuts target price to EUR 8.6 from EUR 9.5

* Chemring Group Plc CHG.L: Jefferies raises target price to 470p from 430p

* Continental AG CONG.DE: HSBC cuts target price to EUR 64 from EUR 74

* Covestro AG 1COV.DE: UBS raises target price to EUR 52 from EUR 41

* Credit Agricole CAGR.PA: Exane BNP Paribas raises to outperform from neutral

* Deutsche Boerse AG DB1Gn.DE: Deutsche Bank raises target price to EUR 220 from EUR 218

* Diasorin SpA DIAS.MI: Morgan Stanley cuts target price to EUR 87 from EUR 88

* Dunelm Group Plc DNLM.L: Canaccord Genuity initiates coverage with buy rating; PT 1250p

* Embracer Group EMBRACb.ST: Barclays raises target price to SEK 28.5 from SEK 28

* Finecobank FBK.MI: Jefferies raises target price to EUR 16.3 from EUR 12.6

* Finecobank FBK.MI: Jefferies raises to buy from hold

* Finnair Oyj FIA1S.HE: Evli Research cuts target price to EUR 3 from EUR 3.50

* Foresight Group Holdings Ltd FSGF.L: Deutsche Bank raises target price to 675p from 600p

* Fortnox AB FNOX.ST: BofA Global Research cuts price objective to SEK 84 from SEK 88

* Glencore GLEN.L: Jefferies raises target price to 600p from 550p

* GSK GSK.L: UBS cuts target price to 1580p from 2040p

* GSK GSK.L: UBS cuts to neutral from buy

* Halfords Group Plc HFD.L: Canaccord Genuity initiates coverage with hold rating; PT 146p

* Hapag-Lloyd HLAG.DE: Barclays raises target price to EUR 90 from EUR 80

* Heidelberg Materials HEIG.DE: Jefferies raises target price to EUR 138.60 from EUR 120

* HSBC HSBA.L: Citigroup cuts target price to 750p from 780p

* Hugo Boss AG BOSSn.DE: Stifel cuts target price to EUR 56 from EUR 63

* Informa Plc INF.L: UBS raises target price to 1040p from 947p

* Interparfums SA IPAR.PA: Berenberg cuts target price to EUR 57 from EUR 62

* ITV Plc ITV.L: Barclays raises target price to 90p from 85p

* JTC JTC.L: Deutsche Bank raises target price to 1200p from 1175p

* Julius Baer BAER.S: Deutsche Bank cuts target price to CHF 64 from CHF 68

* Just Eat Takeaway.Com JETJ.L: Deutsche Bank cuts target price to 1700p from 1880p

* Just Eat Takeaway.Com TKWY.AS: Deutsche Bank cuts target price to EUR 20 from EUR 22

* K+S SDFGn.DE: BofA Global Research cuts to underperform; target 10 euros traders

* Kainos KNOS.L: BofA Global Research raises price objective to 1054p from 988p

* LBG Media Plc LBG.L: Berenberg raises target price to 140p from 120p

* Legrand LEGD.PA: JP Morgan raises target price to EUR 100 from EUR 93

* Lloyds LLOY.L: Citigroup raises target price to 68p from 66p

* Melrose Industries MRON.L: RBC raises to outperform from sector perform

* Michelin MICP.PA: HSBC raises to buy from hold

* Natwest Group Plc NWG.L: Citigroup raises target price to 360p from 335p

* Nel ASA NEL.OL: JP Morgan cuts target price to NOK 5.4 from NOK 6.2

* Nordic Semiconductor NOD.OL: JP Morgan raises target price to NOK 180 from NOK 135

* OneSavings Bank OSBO.L: Barclays raises target price to 710p from 690p

* Paypoint PAYP.L: Jefferies raises target price to 722p from 680p

* Persimmon PSN.L: Morgan Stanley cuts target price to 1570p from 1591p

* Pets at Home PETSP.L: Canaccord Genuity initiates coverage with buy rating; PT 350p

* Pirelli & C SpA PIRC.MI: HSBC raises to buy from hold

* Procook Group Plc PROC.L: Canaccord Genuity initiates coverage with buy rating; PT 48p

* Qiagen NV QIA.DE: Morgan Stanley cuts target price to EUR 44 from EUR 47

* Reach Plc RCH.L: Barclays raises target price to 100p from 75p

* Rentokil RTO.L: BofA Global Research raises price objective to 475p from 445p

* Rio Tinto RIO.L: Bernstein raises target price to 6400p from 6300p

* Rio Tinto RIO.L: Jefferies raises target price to 6400p from 6000p

* Sanofi SASY.PA: Stifel raises target price to EUR 111 from EUR 109

* SAP SE SAPG.DE: BofA Global Research raises price objective to EUR 220 from EUR 202

* SAP SE SAPG.DE: Stifel raises target price to EUR 210 from EUR 195

* SAP SE SAPG.DE: UBS raises target price to EUR 222 from EUR 191

* Schindler Holding AG SCHP.S: JP Morgan raises target price to CHF 235 from CHF 230

* Schroders SDR.L: RBC cuts target price to 365p from 375p

* SES SA SESFd.PA: Barclays raises target price to EUR 5.95 from EUR 5.85

* SES SA SESFd.PA: Bernstein cuts target price to EUR 6.70 from EUR 8

* Shaftesbury Capital Plc SHCS.L: Citigroup raises target price to 208p from 148p

* Siemens Energy AG ENR1n.DE: Citigroup raises target price to EUR 29.50 from EUR 25

* Sinch AB SINCH.ST: BofA Global Research cuts price objective to SEK 27 from SEK 28

* Standard Chartered Plc STAN.L: Citigroup cuts target price to 730p from 800p

* Stellantis NV STLAM.MI: BofA Global Research cuts price objective to EUR 24 from EUR 25

* Stellantis NV STLAM.MI: Citigroup cuts target price to EUR 19.50 from EUR 22

* Stellantis NV STLAM.MI: Stifel cuts target price to EUR 27 from EUR 29

* Stillfront Group SFRG.ST: Barclays cuts target price to SEK 16 from SEK 16.25

* Stroeer SAXG.DE: JP Morgan raises target price to EUR 89 from EUR 87

* Swiss Life Holding AG SLHN.S: UBS raises target price to CHF 675 from CHF 630

* Telefonica SA TEF.MC: Barclays cuts target price to EUR 4.4 from EUR 4.6

* Topps Tiles Plc TPT.L: Canaccord Genuity initiates coverage with hold rating; PT 42p

* Ubisoft UBIP.PA: Jefferies raises target price to EUR 29 from EUR 21.5

* Ubisoft UBIP.PA: Jefferies raises to buy from underperform

* Ubisoft Entertainment SA UBIP.PA: Barclays cuts target price to EUR 20.15 from EUR 21.35

* Varta AG VAR1.DE: Berenberg cuts target price to EUR 15 from EUR 22

* Vestas VWS.CO: Deutsche Bank cuts target price to DKK 200 from DKK 220

* WH Smith Plc SMWH.L: Canaccord Genuity initiates coverage with buy rating; PT 1469p

* Wickes Group Plc WIX.L: Canaccord Genuity initiates coverage with buy rating; PT 180p

* Xior Student Housing NV XIOR.BR: Berenberg raises target price to EUR 38 from EUR 36