* Adidas ADSGN.DE: HSBC cuts target price to EUR 240 from EUR 260

* Barclays Bank BARC.L: Morgan Stanley cuts target price to 350p from 375p

* Burberry Group BRBY.L: Deutsche Bank cuts target price to 900p from 1400p

* Jupiter Fund Management JUP.L: Morgan Stanley cuts to underweight from equal weight

* Hermes HRMS.PA: Deutsche Bank raises target price to EUR 2550 from EUR 2220

* Adidas ADSGN.DE: HSBC cuts target price to EUR 240 from EUR 260

* Adidas ADSGN.DE: HSBC raises to buy from hold

* Aegean Airlines AGNr.AT: Barclays cuts target price to EUR 14.5 from EUR 15

* Air France-KLM AIRF.PA: Barclays cuts target price to EUR 5 from EUR 7

* Air Liquide AIRP.PA: Bernstein cuts target price to EUR 185 from EUR 195

* Air Liquide AIRP.PA: Kepler Cheuvreux cuts PT to EUR 164 from EUR 176

* Alfa Laval ALFA.ST: UBS raises to neutral from sell

* Amplifon SpA AMPF.MI: Barclays cuts target price to EUR 31.5 from EUR 32

* Amundi SA AMUN.PA: Morgan Stanley cuts target price to EUR 65.9 from EUR 76.6

* Anglo American AAL.L: Citigroup cuts target price to 2000p from 2600p

* Anglo American AAL.L: Deutsche Bank cuts target price to 2600p from 3000p

* Antofagasta ANTO.L: Citigroup cuts target price to 1750p from 2300p

* Antofagasta ANTO.L: Morgan Stanley cuts target price to 1730p from 1800p

* Antofagasta Plc ANTO.L: Deutsche Bank cuts target price to 1850p from 1950p

* Arkema AKE.PA: Deutsche Bank cuts target price to EUR 92 from EUR 100

* Ashmore Group Plc ASHM.L: Morgan Stanley cuts target price to 162p from 176p

* AstraZeneca AZN.L: Bernstein cuts target price to 17200p from 19000p

* Aurubis AG NAFG.DE: Morgan Stanley raises target price to EUR 85 from EUR 81

* Banca Pop. Sondrio BPSI.MI: Deutsche Bank raises PT to EUR 10.8 from EUR 7.7

* Barclays Bank BARC.L: Morgan Stanley cuts target price to 350p from 375p

* Basic-Fit NV BFIT.AS: UBS cuts target price to EUR 19.80 from EUR 35.90

* Basic-Fit NV BFIT.AS: UBS cuts to neutral from buy

* Bellway BWY.L: Barclays raises target price to 3031p from 3025p

* Billerud AB (Publ) BILL.ST: Kepler Cheuvreux cuts PT to SEK 135 from SEK 140

* BNP Paribas BNPP.PA: Morgan Stanley cuts target price to EUR 87 from EUR 90

* Boliden BOL.ST: Citigroup cuts target price to SEK 310 from SEK 360

* Boliden BOL.ST: Morgan Stanley cuts target price to SEK 285 from SEK 315

* Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 350 from SEK 360

* Bossard Group BOS.S: UBS cuts target price to CHF 165 from CHF 175

* Bridgepoint Group Plc BPTB.L: Morgan Stanley cuts target price to 300p from 380p

* Bucher Industries BUCN.S: UBS cuts target price to CHF 401 from CHF 440

* Burberry Group BRBY.L: Bernstein cuts target price to 880p from 1300p

* Burberry Group BRBY.L: Deutsche Bank cuts target price to 900p from 1400p

* Burberry Group BRBY.L: HSBC cuts target price to 880p from 1090p

* CD Projekt CDR.WA: Deutsche Bank raises target price to PLN 180 from PLN 150

* Central Asia Metals Plc CAML.L: Berenberg cuts target price to 190p from 200p

* Comet COTNE.S: UBS cuts target price to CHF 280 from CHF 310

* Compagnie Financiere Richemont SA CFR.S: Bernstein cuts PT to CHF 155 from CHF 190

* Compagnie Financiere Richemont SA CFR.S: HSBC cuts PT to CHF 180 from CHF 199

* CVC Capital Partners Plc CVC.AS: Morgan Stanley cuts PT to EUR 15 from EUR 25

* CVC Capital Partners Plc CVC.AS: Morgan Stanley cuts to equal weight from overweight

* Deutsche Bank DBKGn.DE: Morgan Stanley cuts target price to EUR 24 from EUR 26

* Deutsche Boerse 4GLD.DE: Morgan Stanley raises target price to EUR 259 from EUR 242

* Deutsche Lufthansa AG LHAG.DE: Barclays cuts target price to EUR 5 from EUR 6.5

* DNB DNB.OL: Morgan Stanley raises target price to NOK 286 from NOK 280

* DWS Group Gmbh & Co KGaA DWSG.DE: Morgan Stanley cuts PT to EUR 39.5 from EUR 49.1

* Endeavour Mining EDV.L: Morgan Stanley raises target price to 2590p from 2290p

* EQT EQTAB.ST: Morgan Stanley cuts target price to SEK 249 from SEK 423

* EQT EQTAB.ST: Morgan Stanley cuts to equal weight from overweight

* Experian EXPN.L: Deutsche Bank cuts target price to 4550p from 4750p

* Finnair FIA1S.HE: Barclays cuts target price to EUR 2.5 from EUR 2.8

* Fiskars Oyj ABP FSKRS.HE: Inderes cuts PT to EUR 13.50 from EUR 15; rating reduce

* Fluidra FLUI.MC: Barclays cuts target price to EUR 26 from EUR 28

* Fresnillo Plc FRES.L: Morgan Stanley raises target price to 870p from 800p

* Gamma Communications Plc GAMA.L: Berenberg raises PT to 2,000p from 1,900p

* Glencore GLEN.L: Citigroup cuts target price to 370p from 450p

* Glencore GLEN.L: Deutsche Bank cuts target price to 400p from 450p

* Glencore GLEN.L: Morgan Stanley cuts target price to 410p from 450p

* Gooch & Housego Plc GHH.L: Deutsche Bank cuts target price to 560p from 660p

* Hermes HRMS.PA: Bernstein cuts target price to EUR 2600 from EUR 2850

* Hermes HRMS.PA: Deutsche Bank raises target price to EUR 2550 from EUR 2220

* Hermes HRMS.PA: Deutsche Bank raises to buy from hold

* Hunting Plc HTG.L: Jefferies cuts target price to 420p from 450p

* Hydro NHY.OL: Citigroup cuts target price to NOK 60 from NOK 75

* Hydro NHY.OL: Morgan Stanley cuts target price to NOK 85 from NOK 91

* Infineon Technologies AG IFXGn.DE: TD Cowen cuts PT to EUR 33 from EUR 42

* ING Groep NV INGA.AS: Kepler Cheuvreux raises PT to EUR 21.80 from EUR 20.10

* ING Groep NV INGA.AS: RBC cuts target price to EUR 17 from EUR 18.25

* Intermediate Capital Group Plc ICGIN.L: Morgan Stanley cuts PT to 2250p from 2850p

* International Airlines Group ICAG.L: Barclays cuts target price to 200p from 250p

* Investor INVEb.ST: Citigroup cuts target price to SEK 235 from SEK 260

* ITV Plc ITV.L: UBS cuts target price to 63p from 73p

* ITV Plc ITV.L: UBS cuts to sell from neutral

* Julius Baer BAER.S: Morgan Stanley cuts target price to CHF 54 from CHF 67

* Jupiter Fund Management JUP.L: Morgan Stanley cuts target price to 58p from 77p

* Jupiter Fund Management JUP.L: Morgan Stanley cuts to underweight from equal weight

* K+S SDFGn.DE: Exane BNP Paribas initiates coverage with neutral rating; PT EUR 13.50

* Kering PRTP.PA: Bernstein cuts target price to EUR 150 from EUR 200

* Kering PRTP.PA: Deutsche Bank cuts target price to EUR 205 from EUR 340

* Kering PRTP.PA: Deutsche Bank cuts to hold from buy

* Kering PRTP.PA: HSBC cuts target price to EUR 180 from EUR 205

* Kering PRTP.PA: Kepler Cheuvreux cuts target price to EUR 250 from EUR 350

* Kering PRTP.PA: Stifel cuts target price to EUR 215 from EUR 270

* KGHM Polska Miedz SA KGH.WA: Morgan Stanley raises PT to PLN 158 from PLN 156

* Kingspan Group Plc KSP.I: Jefferies cuts target price to EUR 72.8 from EUR 73.6

* Koninklijke Ahold Delhaize NV AD.AS: Morgan Stanley cuts PT to EUR 37 from EUR 38.6

* KPN KPN.AS: Kepler Cheuvreux reinitiates coverage with hold rating; PT EUR 4.10

* London stock Exchange LSEG.L: Morgan Stanley cuts target price to 13000p from 13500p

* LVMH LVMH.PA: Deutsche Bank cuts target price to EUR 580 from EUR 695

* LVMH LVMH.PA: HSBC cuts target price to EUR 700 from EUR 800

* Man Group EMG.L: Morgan Stanley cuts target price to 179p from 244p

* Moncler MONC.MI: Bernstein cuts target price to EUR 55 from EUR 65

* Moncler MONC.MI: Deutsche Bank cuts target price to EUR 60 from EUR 67

* Moncler MONC.MI: HSBC cuts target price to EUR 66 from EUR 71

* MTU Aero Engines AG MTXGn.DE: Bernstein raises PT to EUR 398 from EUR 382

* Norsk Hydro NHY.OL: Deutsche Bank cuts target price to NOK 78 from NOK 82

* Norwegian Air Shuttle As NAS.OL: Barclays raises target price to NOK 14 from NOK 12

* Norwegian Air Shuttle As NAS.OL: Barclays raises to overweight from equal-weight

* Partners Group Holding AG PGHN.S: Morgan Stanley cuts PT to CHF 1029 from CHF 1493

* Petkim PETKM.IS: HSBC cuts target price to TRY 12 from TRY 14

* Remy Cointreau RCOP.PA: Barclays cuts target price to EUR 30 from EUR 31

* Remy Cointreau RCOP.PA: UBS cuts target price to EUR 46 from EUR 60

* Richemont CFR.S: Deutsche Bank cuts target price to CHF 150 from CHF 175

* Richemont CFR.S: Deutsche Bank cuts to hold from buy

* Rio Tinto RIO.L: Deutsche Bank cuts target price to 5500p from 6000p

* Rio Tinto Plc RIO.L: Morgan Stanley cuts target price to 5830p from 6130p

* Rolls Royce RR.L: Bernstein raises target price to 676p from 630p

* Rolls Royce RR.L: Kepler Cheuvreux raises to buy from hold

* Ryanair RYA.I: Barclays raises target price to EUR 23 from EUR 22

* Salvatore Ferragamo SFER.MI: Barclays cuts target price to EUR 5.7 from EUR 5.8

* Schroders SDR.L: Morgan Stanley cuts target price to 280p from 440p

* SEB AB SEBa.ST: Kepler Cheuvreux raises to buy from hold

* Sika AG SIKA.S: Kepler Cheuvreux cuts target price to CHF 250 from CHF 300

* Snam SRG.MI: Deutsche Bank cuts target price to EUR 5.8 from EUR 5.9

* Societe Generale SOGN.PA: Morgan Stanley cuts target price to EUR 49 from EUR 51

* Stabilus SE STM1.DE: JP Morgan cuts target price to EUR 48 from EUR 55

* Swatch UHR.S: HSBC cuts target price to CHF 125 from CHF 150

* Swatch UHR.S: Bernstein cuts target price to CHF 160 from CHF 190

* Terna TRN.MI: HSBC raises target price to EUR 10 from EUR 9.1

* TP TEPRF.PA: Kepler Cheuvreux cuts target price to EUR 140 from EUR 145

* Trevi Finanziaria Industriale SpA TFI.MI: Kepler Cheuvreux raises to buy from hold

* Trevi Finanziaria Industriale SpA TFI.MI: Kepler Cheuvreux ups PT to EUR 0.30 from EUR 0.25

* Tristel Plc TSTL.L: Deutsche Bank cuts target price to 385p from 440p

* Tristel Plc TSTL.L: Deutsche Bank raises to buy from hold

* Truecaller AB TRUEb.ST: JP Morgan raises target price to SEK 77 from SEK 63

* UBS Group AG UBSG.S: Morgan Stanley cuts target price to CHF 27 from CHF 34

* Unipol Assicurazioni SpA UNPI.MI: Kepler Cheuvreux reinitiates coverage with buy rating

* Unipol Assicurazioni SpA UNPI.MI: Kepler Cheuvreux reinitiates coverage with PT EUR 16.5

* Unite Group UTG.L: Barclays cuts target price to 990p from 1115p

* Vestas VWS.CO: Deutsche Bank cuts target price to DKK 110 from DKK 150

* Vestas VWS.CO: Deutsche Bank cuts to hold from buy

* Victrex Plc VCTX.L: Morgan Stanley cuts target price to 1180p from 1300p

* Vinci SA SGEF.PA: Kepler Cheuvreux raises target price to EUR 115 from EUR 110

* Vinci SA SGEF.PA: Morgan Stanley cuts target price to EUR 138 from EUR 140

* Wizz Air WIZZ.L: Barclays cuts target price to 900p from 1000p

* Worldline SA WLN.PA: Jefferies cuts target price to EUR 6.2 from EUR 6.3

* Yara YAR.OL: Exane BNP Paribas initiates coverage with price target NOK 250

* Yara YAR.OL: Exane BNP Paribas initiates coverage with underperform rating