EUROPE RESEARCH ROUNDUP-BASF, Galderma, Lanxess

BASF SE BASFn.DE: Citigroup raises target price to EUR 55 from EUR 54

Galderma Group AG GALD.S: Citigroup resumes coverage with buy rating

Kingspan Group Plc KSP.I: RBC initiates coverage with target price EUR 97

Lanxess AG LXSG.DE: JP Morgan raises to overweight from underweight

Siemens AG SIEGN.DE: HSBC raises target price to EUR 240 from EUR 235

ABB ABBN.S: HSBC raises target price to CHF 62 from CHF 55

BASF SE BASFn.DE: Citigroup raises target price to EUR 55 from EUR 54

Bellway Plc BWY.L: JP Morgan cuts target price to 3480p from 3820p

Bellway Plc BWY.L: Stifel cuts target price to 1,900p from 2,280p

BP Plc BP.L: Morgan Stanley raises target price to 619p from 447p

Brenntag SE BNRGn.DE: Morgan Stanley cuts target price to EUR 46 from EUR 50

Burckhardt Compression BCHN.S: UBS cuts target price to CHF 530 from CHF 670

Bytes Technology Group Plc BYIT.L: Panmure Liberum cuts target price to 450p from 540p

Cicor Technologies Ltd CICN.S: Kepler Cheuvreux cuts target price to CHF 175 from CHF 185

Croda CRDA.L: Morgan Stanley raises target price to 3350p from 3280p

Croda International CRDA.L: UBS cuts target price to 4300p from 4320p

Deutsche Pfandbriefbank PBBG.DE: Kepler Cheuvreux cuts target price to EUR 2.5 from EUR 4

Diageo DGE.L: Exane BNP Paribas raises to neutral from underperform

ENI SpA ENI.MI: Morgan Stanley raises target price to EUR 25.3 from EUR 17.2

Equinor ASA EQNR.OL: Morgan Stanley raises target price to NOK 388 from NOK 228

Exor EXOR.AS: UBS cuts target price to EUR 107 from EUR 117

Fevertree Drinks FEVR.L: Deutsche Bank raises target price to 900p from 840p

Franchise Brands Plc FRAN.L: Stifel cuts target price to 210p from 260p

Galderma Group AG GALD.S: Citigroup resumes coverage with buy rating

Galderma Group AG GALD.S: Citigroup resumes coverage with price target CHF 165

Galp Energia GALP.LS: Morgan Stanley raises target price to EUR 24 from EUR 21

Hermes HRMS.PA: JP Morgan cuts target price to EUR 2250 from EUR 2350

Hiscox Ltd HSX.L: Morgan Stanley raises target price to 1700p from 1470p

Imcd NV IMCD.AS: Morgan Stanley cuts target price to EUR 95 from EUR 100

Inficon IFCN.S: Kepler Cheuvreux cuts target price to CHF 117 from CHF 122

Italy'S Prysmian PRY.MI: HSBC raises target price to EUR 115 from EUR 105

K+S SDFGn.DE: UBS raises target price to EUR 11.5 from EUR 10.5

Kerry Group KYGa.I: UBS cuts target price to EUR 71.5 from EUR 81

Kingfisher KGF.L: Berenberg cuts target price to 310p from 333p

Kingspan Group Plc KSP.I: RBC initiates coverage with outperform rating

Kingspan Group Plc KSP.I: RBC initiates coverage with target price EUR 97

Lanxess AG LXSG.DE: JP Morgan raises target price to EUR 18 from EUR 15

Lanxess AG LXSG.DE: JP Morgan raises to overweight from underweight

Luceco Plc LUCEL.L: Berenberg raises target price to 200p from 175p

Luceco Plc LUCEL.L: Peel Hunt raises target price to 210p from 190p

Maire MTCM.MI: Kepler Cheuvreux maintains target price at EUR 16

Maire MTCM.MI: Kepler Cheuvreux raises to buy from hold

Michelmersh Brick Holdings Plc MBH.L: Berenberg cuts target price to 120p from 150p

Mowi ASA MOWI.OL: Berenberg raises target price to NOK 270 from NOK 260

National Grid Plc NG.L: Bernstein raises target price to 1450p from 1420p

Nestle NESN.S: Deutsche Bank cuts target price to CHF 81 from CHF 82

Nestle SA NESN.S: Morgan Stanley cuts target price to CHF 72 from CHF 75

Newron Pharmaceuticals SpA NWRN.S: H.C. Wainwright raises target price to CHF 48 from CHF 43

Nibe Industrier AB NIBEb.ST: Morgan Stanley cuts target price to SEK 30 from SEK 39

Novonesis NSISb.CO: Citigroup raises target price to DKK 415 from DKK 380

Novonesis NSISb.CO: Citigroup raises to buy from sell

Pinewood Technologies Group Plc PINE.L: Berenberg cuts target price to 670p from 725p

Procredit Holding AG PCZ.DE: Berenberg initiates coverage with buy rating

Procredit Holding AG PCZ.DE: Berenberg initiates coverage with target price EUR 15.5

Prosus PRX.AS: Morgan Stanley cuts target price to EUR 51 from EUR 57

Prudential PRU.L: UBS raises target price to 1470p from 1400p

Reckitt RKT.L: Deutsche Bank cuts target price to 5460p from 5500p

Repsol REP.MC: Morgan Stanley raises target price to EUR 28 from EUR 20

Rockwool ROCKb.CO: RBC initiates coverage with sector perform rating

Rockwool ROCKb.CO: RBC initiates coverage with target price DKK 196

Rs Group Plc RS1R.L: JP Morgan cuts target price to 635p from 747p

Salmar ASA SALM.OL: Berenberg raises target price to NOK 600 from NOK 570

Schneider Electric SCHN.PA: HSBC raises target price to EUR 285 from EUR 275

Scor SCOR.PA: UBS raises target price to EUR 30.5 from EUR 27

Shell Plc SHEL.L: Morgan Stanley raises target price to 3589p from 2971p

Siemens AG SIEGN.DE: HSBC raises target price to EUR 240 from EUR 235

Siemens Energy AG ENR1n.DE: HSBC raises target price to EUR 190 from EUR 180

SIG Group AG SIGNC.S: UBS raises target price to CHF 15 from CHF 12.5

SIG Group AG SIGNC.S: UBS raises to buy from neutral

SMG Swiss Marketplace Group Holding AG SMGC.S: Goldman Sachs cuts PT to CHF 32 from CHF 47

Sonova SOON.S: Deutsche Bank cuts target price to CHF 188 from CHF 237

SSE SSE.L: Bernstein raises target price to 3040p from 2600p

Stadler Rail AG SRAIL.S: UBS raises target price to CHF 20 from CHF 18

Stadler Rail AG SRAIL.S: UBS raises to neutral from sell

Swiss Re SRENH.S: UBS cuts target price to CHF 131 from CHF 135

Symrise SY1G.DE: UBS cuts target price to EUR 92 from EUR 98

Talanx AG TLXGn.DE: JP Morgan initiates coverage with overweight rating

Talanx AG TLXGn.DE: JP Morgan initiates coverage with target price EUR 125

Totalenergies SE TTEF.PA: Morgan Stanley raises target price to EUR 88.3 from EUR 67.8

Van Lanschot Kempen NV VLAN.AS: ING raises target price to EUR 64 from EUR 55

Verbio VBKG.DE: Deutsche Bank raises target price to EUR 40.5 from EUR 29.6

Verisure VSURE.ST: Deutsche Bank cuts target price to SEK 17 from SEK 18

Verisure Plc VSURE.ST: JP Morgan cuts target price to EUR 12.6 from EUR 18.4

Yara YAR.OL: JP Morgan raises target price to NOK 400 from NOK 285

YouGov Plc YOU.L: Deutsche Bank cuts target price to 350p from 370p