* ASML Holding NV ASML.AS: Morgan Stanley cuts to equal-weight from overweight

* Burberry BRBY.L: Jefferies cuts to underperform from hold

* Hermes HRMS.PA: Jefferies cuts target price to EUR 2,200 from EUR 2,470

* Intercontinental Hotels IHG.L: HSBC cuts target price to 7900p from 8100p

* Spectris Plc SXS.L: Peel Hunt cuts target price to 3,500p from 3,700p

* AAK AAK.ST: Barclays raises target price to SEK 275 from SEK 260

* ADP ADP.PA: Bernstein raises target price to EUR 131 from EUR 125

* Aedifica NV AOO.BR: Berenberg raises target price to EUR 78 from EUR 75

* Aena AENA.MC: Bernstein raises target price to EUR 215 from EUR 210

* Ageas SA AGES.BR: ING raises target price to EUR 49 from EUR 47.50

* Akwel SA AKW.PA: Midcap Partners raises rating to "hold" from "sell"; PT to EUR 10

* Arkema AKE.PA: Barclays cuts target price to EUR 123 from EUR 127

* ASMI ASMI.AS: Morgan Stanley cuts target price to EUR 700 from EUR 725

* ASML Holding NV ASML.AS: Morgan Stanley cuts target price to EUR 800 from EUR 925

* ASML Holding NV ASML.AS: Morgan Stanley cuts to equal-weight from overweight

* ATOSS Software AOFG.DE: Deutsche Bank initiates coverage with buy rating and PT EUR 155

* Autostore AUTO.OL: Barclays cuts target price to NOK 14 from NOK 20

* BAE Systems Plc BAES.L: Morgan Stanley cuts target price to 1,545p from 1,550p

* Barco NV BAR.BR: KBC Securities cuts PT to EUR 15.80 from EUR 18; rating "accumulate"

* Bavarian Nordic A/S BAVA.CO: Jefferies raises target price to DKK 310 from DKK 235

* Burberry BRBY.L: Jefferies cuts target price to 490p from 800p

* Burberry BRBY.L: Jefferies cuts to underperform from hold

* Bytes Technology Group Plc BYIT.L: Deutsche Bank cuts target price to 575p from 620p

* Card Factory Plc CARDC.L: UBS raises target price to 180p from 116p

* Card Factory Plc CARDC.L: UBS raises to buy from neutral

* Close Brothers Group Plc CBRO.L: RBC cuts target price to 540p from 620p

* Cofinimmo SA COFB.BR: ING raises to buy from hold; raises PT to EUR 76.50 from EUR 71

* Compagnie Financiere Richemont SA CFR.S: Jefferies cuts PT to CHF 135 from CHF 165

* Compugroup Medical SE & Co KGaA COP1n.DE: Baader Helvea cuts PT to EUR 30 from EUR 57

* Cucinelli BCU.MI: Jefferies cuts target price to EUR 90 from EUR 97

* Deutsche Boerse DB1Gn.DE: UBS raises target price to EUR 230 from EUR 220

* DFS Furniture Plc DFSD.L: UBS raises target price to 130p from 115p

* EasyJet EZJ.L: UBS raises target price to 800p from 785p

* Endeavour Mining Plc EDV.L: Berenberg raises target price to 2,200p from 2,100p

* EQT AB EQTAB.ST: JP Morgan raises target price to SEK 395 from SEK 394

* Esker SA ALESK.PA: Midcap Partners raises target price to EUR 262 from EUR 190; rating "hold"

* Esker SA ALESK.PA: Portzamparc cuts rating to "hold" from "buy"; target price EUR 262

* Essity Aktiebolag ESSITYb.ST: Deutsche Bank cuts to sell from hold

* Euronext NV ENX.PA: HSBC raises target price to EUR 108 from EUR 103

* Ferrari RACE.MI: Jefferies raises target price to EUR 400 from EUR 375

* Flughafen Zuerich AG FHZN.S: Bernstein raises target price to CHF 260 from CHF 250

* Fraport FRAG.DE: Bernstein cuts target price to EUR 60 from EUR 65

* GEA Group AG G1AG.DE: Citigroup raises target price to EUR 48.10 from EUR 45.30

* Genfit SA GNFT.PA: Portzamparc raises target price to EUR 9.50 from EUR 9; rating "buy"

* GYM Group Plc GYM.L: Berenberg raises target price to 190p from 180p

* Haleon Plc HLN.L: Morgan Stanley raises target price to 415p from 385p

* Hermes HRMS.PA: Jefferies cuts target price to EUR 2,200 from EUR 2,470

* Hexpol AB: Kepler Cheuvreux cuts target price to SEK 115 from SEK 130; maintains hold

* Holcim AG HOLN.S: Exane BNP Paribas cuts target price to CHF 89.50

* Holcim AG HOLN.S: Exane BNP Paribas cuts to neutral from outperform

* Infineon Technologies AG IFXGn.DE: Morgan Stanley cuts PT to EUR 37 from EUR 45

* Integrafin Holdings Plc IHPI.L: Peel Hunt cuts to add from buy

* Integrafin Holdings Plc IHPI.L: Peel Hunt raises target price to 400p from 385p

* Intercontinental Hotels IHG.L: HSBC cuts target price to 7900p from 8100p

* Iveco Group NV IVG.MI: BofA Global Research cuts PT to EUR 14 from EUR 18

* Jungheinrich JUNG_p.DE: Barclays cuts target price to EUR 38 from EUR 43

* Kalray SA ALKAL.PA: Portzamparc raises rating to "buy" from "hold"; PT to EUR 8.3

* Kering PRTP.PA: Jefferies cuts target price to EUR 230 from EUR 300

* Kering PRTP.PA: Morgan Stanley cuts target price to EUR 265 from EUR 310

* Kingspan Group Plc KSP.I: Exane BNP Paribas raises target price to EUR 97

* Kingspan Group Plc KSP.I: Exane BNP Paribas raises to outperform

* Kion KGX.DE: Barclays cuts target price to EUR 38 from EUR 43

* LVMH LVMH.PA: Jefferies cuts target price to EUR 600 from EUR 690

* Mercedes-Benz Group AG MBGn.DE: JP Morgan cuts target price to EUR 68 from EUR 78

* MJ Gleeson Plc GLEG.L: Peel Hunt raises target price to 690p from 590p

* MJ Gleeson Plc GLEG.L: Stifel raises target price to 700p from 670p

* Moncler MONC.MI: Barclays cuts target price to EUR 60 from EUR 63

* Moncler MONC.MI: Jefferies cuts target price to EUR 48 from EUR 58

* Moonpig Group MOONM.L: UBS initiates coverage with buy rating and target price 350p

* Next NXT.L: UBS raises target price to 10,700p from 9,550p

* Novonesis NSISb.CO: Deutsche Bank raises target price to DKK 500 from DKK 470

* Ocado OCDO.L: HSBC raises target price to 305p from 295p

* Pan African Resources Plc PAFR.L: Berenberg raises target price to 34p from 33p

* Quadient SA QDT.PA: Bernstein cuts target price to EUR 27.10 from EUR 28.10

* Rainbow Rare Earths Ltd RBWR.L: Berenberg cuts target price to 37p from 38p

* Rio Tinto RIO.L: Berenberg cuts target price to 5,600p from 5,700p

* S&U Plc SUS.L: Peel Hunt cuts target price to 2,214p from 2,280p

* Schneider Electric SCHN.PA: Jefferies raises target price to EUR 275 from EUR 260

* Securitas SECUb.ST: Nordea raises to buy from hold; target price SEK 153

* Serica Energy Plc SQZ.L: Peel Hunt cuts target price to 297p from 334p

* Siemens Energy AG ENR1n.DE: BofA Global Research raises PT to EUR 40 from EUR 37

* Sika AG SIKA.S: Exane BNP Paribas cuts to underperform from neutral

* Sika AG SIKA.S: Exane BNP Paribas raises target price to CHF 260

* SKF SKFb.ST: Deutsche Bank raises target price to SEK 197 from SEK 188

* SKF SKFb.ST: Deutsche Bank raises to hold from sell

* Solvay SOLB.BR: Barclays raises target price to EUR 28 from EUR 27

* Spectris Plc SXS.L: Peel Hunt cuts target price to 3,500p from 3,700p

* Stellantis NV STLAM.MI: RBC cuts target price to EUR 17 from EUR 18

* Stora Enso Oyj STERV.HE: Jefferies cuts target price to EUR 14.2 from EUR 14.3

* Swatch Group AG UHR.S: Jefferies cuts target price to CHF 120 from CHF 170

* Swatch Group AG UHR.S: Jefferies cuts to underperform from hold

* Syensqo SYENS.BR: Barclays cuts target price to EUR 86 from EUR 101

* Synthomer SYNTS.L: Barclays cuts target price to 410p from 416p

* Tenaris TENR.MI: BofA Global Research cuts price objective to EUR 17 from EUR 20

* Ubisoft UBIP.PA: Deutsche Bank cuts target price to EUR 24 from EUR 28

* UMG UMG.AS: Wells Fargo cuts target price to EUR 24 from EUR 27

* VAT Group AG VACN.S: Morgan Stanley cuts target price to CHF 350 from CHF 460

* VAT Group AG VACN.S: Morgan Stanley cuts to underweight from equal-weight

* Virbac SA VIRB.PA: Midcap Partners raises PT to EUR 420 from EUR 395; rating "buy"

* Volution Group Plc FAN.L: Berenberg raises target price to 700p from 600p

* Wacker Chemie AG WCHG.DE: JP Morgan cuts target price to EUR 114 from EUR 120

* Whitbread WTB.L: Bernstein raises target price to 3,600p from 3,300p