* Believe BLV.PA: HSBC cuts to hold from buy

* CVS Group Plc CVSG.L: RBC cuts to sector perform from outperform

* Deliveroo Plc ROO.L: HSBC raises to buy from hold

* Encavis AG ECVG.DE: Morgan Stanley raises to equal weight from underweight

* Mondi MNDI.L: Jefferies raises to buy from hold

* Adidas AG ADSGn.DE: Deutsche Bank raises target price to EUR 220 from EUR 200

* Admiral Group ADML.L: UBS raises target price to 3200p from 2850p

* Admiral Group ADML.L: UBS raises to buy from neutral

* Aedifica AOO.BR: KBC Securities cuts target price from EUR 70.0 EUR to EUR 68.0

* Aedifica AOO.BR: KBC Securities cuts to accumulate from buy

* Antin Infrastructure Partners Sas ANTIN.PA: JP Morgan raises PT to EUR 17 from EUR 16.9

* Argenx ARGX.BR: Morgan Stanley raises target price to EUR 477 from EUR 465

* Aspocomp Group OYJ ACG1V.HE: Inderes raises to accumulate from reduce; PT EUR 3.5

* Beazley BEZG.L: HSBC cuts target price to 770p from 780p

* Believe BLV.PA: HSBC cuts to hold from buy

* Biomerieux SA BIOX.PA: Jefferies raises target price to EUR 90 from EUR 86

* Brederode BREL.LU: KBC Securities raises to accumulate from hold

* Brederode BREL.LU: KBC Securities raises TP from EUR 118.0 to EUR 125.0

* Bridgepoint Group Plc BPTB.L: Peel Hunt cuts to add from buy

* Bridgepoint Group Plc BPTB.L: Peel Hunt raises target price to 280p from 250p

* Campari CPRI.MI: RBC raises target price to EUR 8.5 from EUR 8.2

* Capgemini CAPP.PA: Stifel raises target price to EUR 245 from EUR 225

* Cellnex Telecom SA CLNX.MC: BofA Global Research cuts PT to EUR 41.5 from EUR 44

* Computacenter Plc CCC.L: Peel Hunt initiates coverage with add rating; PT 3195p

* Credit Agricole CAGR.PA: Citigroup resumes coverage with neutral rating; PT EUR 13.85

* CVS Group Plc CVSG.L: RBC cuts target price to 1,200p from 2,100p

* CVS Group Plc CVSG.L: RBC cuts to sector perform from outperform

* Dalata Hotel Group Plc DHG.I: UBS raises target price to EUR 5.85 from EUR 5.61

* D'Amico International Shipping SA B7C.MI: Stifel raises PT to EUR 7.3 from EUR 7.2

* Deliveroo Plc ROO.L: HSBC raises target price to 150p from 130p

* Deliveroo Plc ROO.L: HSBC raises to buy from hold

* Deliveroo Plc ROO.L: UBS cuts target price to 217p from 233p

* Derwent London Plc DLN.L: Berenberg cuts target price to 2494p from 2512p

* Derwent London Plc DLN.L: Berenberg raises to buy from hold

* Discoverie Group Plc DSCV.L: Liberum cuts target price to 980p from 1010p

* Encavis AG ECVG.DE: Morgan Stanley raises target price to EUR 17.5 from EUR 12

* Encavis AG ECVG.DE: Morgan Stanley raises to equal weight from underweight

* ENI ENI.MI: RBC cuts target price to EUR 17 from EUR 18

* EQT AB Group EQTAB.ST: Citigroup raises target price to SEK 340 from SEK 255

* EQT AB Group EQTAB.ST: Citigroup raises to neutral from sell

* EQT AB Group EQTAB.ST: UBS raises target price to SEK 355 from SEK 270

* Erg SpA ERG.MI: Stifel cuts target price to EUR 27.40 from EUR 33.80

* Exclusive Networks Sas EXN.PA: Stifel raises target price to EUR 26 from EUR 25

* FD Technologies Plc FDPF.L: Peel Hunt raises target price to 1361p from 1031p

* Gea Group AG G1AG.DE: BofA Global Research raises PT to EUR 45 from EUR 41

* Geberit AG GEBN.S: Barclays raises target price to CHF 400 from CHF 360

* Glencore GLEN.L: RBC cuts target price to 500p from 520p

* Helium One Global Ltd HE1H.L: Liberum cuts target price to 5.3p from 20p

* Hensoldt AG HAGG.DE: Citigroup cuts to neutral from buy

* Hensoldt AG HAGG.DE: Citigroup raises target price to EUR 38.4 from EUR 37.7

* Hill & Smith HILS.L: Davy Research raises target price to 2210p

* Hiscox HSX.L: HSBC raises target price to 1260p from 1200p

* IAG ICAG.MC: Raymond James raises to outperform from market perform

* IMI Plc IMI.L: Liberum raises target price to 2200p from 1600p

* IMI Plc IMI.L: Liberum raises to buy from hold

* IMI Plc IMI.L: Liberum raises to buy from hold; raises PT to 2200p from 1600p

* Inditex ITX.MC: Deutsche Bank raises target price to EUR 37 from EUR 35

* Infrastrutture Wireless Italiane SpA INWT.MI: BofA Global Research cuts PT to EUR 13.4 from EUR 16

* ING Groep NV INGA.AS: Barclays raises target price to EUR 13.4 from EUR 12.5

* KBC Groep NV KBC.BR: Barclays raises target price to EUR 63 from EUR 58

* KBC Groep NV KBC.BR: Barclays raises to equal weight from underweight

* Koninklijke Ahold Delhaize NV AD.AS: ING cuts PT to EUR 29 from EUR 32.50

* Koninklijke Ahold Delhaize NV AD.AS: ING cuts to hold from buy

* Lanxess LXSG.DE: Deutsche Bank cuts target price to EUR 28 from EUR 29

* Medacta Group SA MOVE.S: Morgan Stanley raises target price to CHF 130 from CHF 125

* Melrose Industries MRON.L: Peel Hunt raises target price to 700p from 620p

* Metacon AB METAC.ST: Inderes initiates coverage with rating reduce; PT SEK 0.18

* Millennium BCP BCP.LS: Deutsche Bank raises target price to EUR 0.44 from EUR 0.39

* Mondi MNDI.L: Jefferies raises to buy from hold

* Morphosys AG MORG.DE: Leerink Partners raises target price to EUR 68 from EUR 22

* Oesterreichische Post AG POST.VI: Barclays cuts target price to EUR 26.3 from EUR 27.1

* Osb Group OSBO.L: Barclays cuts target price to 670p from 700p

* Osb Group OSBO.L: Berenberg cuts target price to 660p from 700p

* Pandora PNDORA.CO: RBC raises target price to DKK 900 from DKK 820

* Panostaja OYJ PNA1V.HE: Inderes cuts target price to EUR 0.42 from EUR 0.50

* Panostaja OYJ PNA1V.HE: Inderes raises to accumulate from reduce

* Pharming Group NV PHAR.AS: RBC raises target price to EUR 1.85 from EUR 1.75

* Pluxee PLX.PA: UBS initiates coverage with neutral rating and target price EUR 31

* Quilter Plc QLT.L: Citigroup raises target price to 86p from 76p

* Redeia REDE.MC: UBS raises target price to EUR 16.25 from EUR 15.9

* Renishaw Plc RSW.L: Liberum cuts to hold from buy; raises PT to 4700p from 3900p

* Reply SpA REY.MI: Berenberg raises target price to EUR 144 from EUR 130

* Rheinmetall RHMG.DE: Deutsche Bank raises target price to EUR 450 from EUR 410

* Rheinmetall RHMG.DE: UBS raises target price to EUR 451 from EUR 410

* Rheinmetall RHMG.DE: BofA Global Research raises PT to EUR 540 from EUR 455

* Safilo Group SpA SFLG.MI: Stifel raises target price to EUR 1.18 from EUR 0.99

* Scor SCOR.PA: JP Morgan raises target price to EUR 28 from EUR 27

* SES SA SESFd.PA: Morgan Stanley raises target price to EUR 7 from EUR 6.5

* Smurfit Kappa SKG.L: Morgan Stanley raises target price to 4000p from 3200p

* Smurfit Kappa SKG.L: Morgan Stanley raises to overweight from equal-weight

* Sonova SOON.S: UBS cuts to sell from neutral

* Sonova SOON.S: UBS raises target price to CHF 260 from CHF 225

* Thales TCFP.PA: Barclays raises target price to EUR 150 from EUR 148

* Tinc TINCC.BR: KBC Securities raises to buy from accumulate; PT EUR 14.0

* Trainline TRNT.L: Barclays raises target price to 365p from 355p

* Trainline TRNT.L: Stifel raises target price to 410p from 360p

* TT Electronics Plc TTG.L: Stifel cuts target price to 230p from 250p

* Vistry Group Plc VTYV.L: UBS raises target price to 925p from 845p

* Voestalpine VOES.VI: UBS raises target price to EUR 28 from EUR 27

* Volkswagen AG VOWG.DE: HSBC raises target price to EUR 133 from EUR 130

* Volkswagen AG VOWG.DE: RBC cuts target price to EUR 143 from EUR 146

* Volution Group Plc FAN.L: Peel Hunt raises target price to 495p from 455p

* Weir Group WEIR.L: Liberum cuts target price to 2450p from 2500p

* Wise Plc WISEa.L: Jefferies raises target price to 1123p from 1024p

* Zalando SE ZALG.DE: Morgan Stanley raises target price to EUR 28 from EUR 26