* Admiral ADML.L: Jefferies raises to hold from underperform

* Capgemini CAPP.PA: Jefferies cuts target price to EUR 185 from EUR 195

* Glenveagh Properties Plc GLV.I: Jefferies raises to buy from hold

* Orsted ORSTED.CO: Deutsche Bank cuts target price to DKK 470 from DKK 480

* Zurich Insurance Group AG ZURN.S: Morgan Stanley cuts PT to CHF 486 from CHF 490

* Admiral ADML.L: Jefferies raises PT to 3,025p from 2,300p

* Admiral ADML.L: Jefferies raises to hold from underperform

* Alcon AG ALCC.S: BofA Global Research raises price objective to CHF 85 from CHF 80

* Alcon AG ALCC.S: JP Morgan cuts target price to CHF 84.3 from CHF 88.9

* Antofagasta ANTO.L: Bernstein raises target price to 1960p from 1920p

* ASR Nederland NV ASRNL.AS: JP Morgan raises target price to EUR 54 from EUR 53

* Avolta AG AVOL.S: Barclays cuts target price to CHF 45 from CHF 50

* Benevolentai BAI.AS: Deutsche Bank initiates coverage with buy rating and PT EUR 2.7

* Biomerieux SA BIOX.PA: UBS initiates coverage with buy rating; PT EUR 129

* Brenntag SE BNRGn.DE: Morgan Stanley cuts target price to EUR 80 from EUR 88

* Capgemini CAPP.PA: Jefferies cuts target price to EUR 185 from EUR 195

* Carlsberg A/S CARLB.CO: HSBC cuts target price to DKK 950 from DKK 1040

* Coloplast A/S COLOb.CO: Barclays cuts target price to DKK 1005 from DKK 1015

* Deceuninck DCEB.BR: KBC Securities raises to "buy" from "accumulate"

* Derwent London Plc DLN.L: Berenberg raises target price to 2,700p from 2,494p

* Docmorris DOCM.S: Deutsche Bank cuts target price to CHF 45 from CHF 99

* Docmorris DOCM.S: Deutsche Bank cuts to hold from buy

* Engie ENGIE.PA: Morgan Stanley raises target price to EUR 19 from EUR 18

* Glenveagh Properties Plc GLV.I: Jefferies raises PT to EUR 2.25 from EUR 1.52

* Glenveagh Properties Plc GLV.I: Jefferies raises to buy from hold

* Gurit GURN.S: UBS cuts target price to CHF 40 from CHF 65

* H Lundbeck A/S HLUNb.CO: Barclays raises PT to DKK 44 from DKK 40

* H Lundbeck A/S HLUNb.CO: Leerink Partners raises target price to DKK 45 from DKK 35

* Hellofresh SE HFGG.DE: Stifel raises target price to EUR 8 from EUR 7

* Hochtief AG HOTG.DE: Jefferies raises target price to EUR 134 from EUR 124

* ITM Power Plc ITM.L: Panmure Liberum cuts target price to 84p from 90p

* Jyske Bank JYSK.CO: UBS cuts target price to DKK 585 from DKK 600

* Kinepolis Group Plc KIPO.BR: KBC Securities cuts PT to EUR 50 from EUR 53; rating "buy"

* Kingspan Group Plc KSP.I: Jefferies cuts target price to EUR 80.2 from EUR 82.1

* Kingspan Group Plc KSP.I: Morgan Stanley raises target price to EUR 79 from EUR 77

* Kistos Holdings Plc KIST.L: Berenberg raises target price to 300p from 295p

* Maaden 1211.SE: HSBC cuts target price to sar 31 from sar 31.5

* NKT A/S NKT.CO: Barclays raises target price to DKK 574 from DKK 522

* Orsted ORSTED.CO: Deutsche Bank cuts target price to DKK 470 from DKK 480

* Outokumpu Oyj OUT1V.HE: Citigroup cuts target price to EUR 3.5 from EUR 3.7

* Pennon Group Plc PNN.L: UBS raises target price to 890p from 870p

* R&S Group RSGN.S: UBS raises target price to CHF 22 from CHF 14.9

* Salzgitter AG SZGG.DE: Citigroup cuts target price to EUR 17 from EUR 19

* Segro SGRO.L: JP Morgan raises target price to 1,050p from 1,000p

* Siemens Energy AG ENR1n.DE: BofA Global Research raises price objective to EUR 37 from EUR 35

* SSAB AB SSABa.ST: Citigroup cuts target price to SEK 70 from SEK 82

* Tesco TSCO.L: Barclays raises target price to 375p from 350p

* Tessenderlo Group TESB.BR: KBC Securities cuts PT to EUR 32 from EUR 34; rating 'accumulate'

* ThyssenKrupp TKAG.DE: Citigroup cuts target price to EUR 6 from EUR 7

* Unilever ULVR.L: BofA Global Research raises to buy from underperform

* Unilever ULVR.L: BofA Global Research raises price objective to 5600p from 3800p

* United Utilities UU.L: UBS cuts target price to 1150p from 1180p

* United Utilities UU.L: UBS raises to buy from neutral

* United Utilities UU.L: UBS raises to buy from neutral; cuts PT to 1,150p from 1,180p

* Voestalpine AG VOES.VI: Citigroup cuts target price to EUR 24 from EUR 28

* Ypsomed Holding AG YPSN.S: UBS initiates coverage with neutral rating; PT CHF 430

* Zurich Insurance Group AG ZURN.S: Morgan Stanley cuts PT to CHF 486 from CHF 490