EUROPE RESEARCH ROUNDUP-Belimo Holding, CTS Eventim, HSBC

Belimo Holding AG BEAN.S: Barclays initiates coverage with overweight rating

CTS Eventim EVDG.DE: Deutsche Bank raises target price to EUR 96 from EUR 94

HSBC HSBA.L: Morgan Stanley raises target price to 1463p from 1419p

Siegfried Holding AG SFZN.S: Jefferies resumes coverage with hold

TKH Group NV TWKNc.AS: Berenberg raises target price to EUR 60 from EUR 55

Abeo SA ABEO.PA: Kepler Cheuvreux cuts target price to EUR 18 from EUR 20

Aramis Group SA ARAMI.PA: Bernstein cuts target price to EUR 6 from EUR 9

Aramis Group SA ARAMI.PA: Bernstein cuts to market perform from outperform

Aurubis AG NAFG.DE: Baader Helvea raises to reduce from sell

Austevoll Seafood ASA AUSS.OL: Kepler Cheuvreux raises PT to NOK 95 from NOK 90

Babcock International BAB.L: JP Morgan cuts target price to 1500p from 1700p

Banca Mps BMPS.MI: Kepler Cheuvreux raises target price to EUR 9.9 from EUR 9.4

Belimo Holding AG BEAN.S: Barclays initiates coverage with overweight rating

Belimo Holding AG BEAN.S: Barclays initiates coverage with target price CHF 1000

BNP Paribas BNPP.PA: Kepler Cheuvreux raises PT to EUR 88.8 from EUR 87

British American Tobacco BATS.L: BofA Global Research ups PT to 5,300.00p from 4,700.00p

Bytes Technology Group Plc BYIT.L: Berenberg cuts target price to 360p from 390p

Bytes Technology Group Plc BYIT.L: Panmure Liberum raises PT to 475p from 450p

Cadeler A/S CADLR.OL: Jefferies raises target price to NOK 80 from NOK 70

Carl Zeiss Meditec AG AFXG.DE: Barclays cuts target price to EUR 28 from EUR 30

Cewe CWCG.DE: Kepler Cheuvreux raises target price to EUR 127 from EUR 119

CTS Eventim EVDG.DE: Deutsche Bank raises target price to EUR 96 from EUR 94

Daetwyler Holding Inc DAE.S: Berenberg raises target price to CHF 167 from CHF 143

Delta Plus ALDLT.PA: TP ICAP Midcap cuts target price to EUR 59 from EUR 62; rating 'buy'

DSM-Firmenich DSFIR.AS: Kepler Cheuvreux raises target price to EUR 67 from EUR 63

DSV DSV.CO: BofA Global Research raises price objective to DKK 2240 from DKK 2230

EDPR EDPR.LS: Deutsche Bank raises target price to EUR 14 from EUR 13.5

Endesa ELE.MC: HSBC raises target price to EUR 38.6 from EUR 38.4

Evonik Industries AG EVKn.DE: Morgan Stanley raises target price to EUR 19 from EUR 18

Fermentalg ALGAE.PA: Portzamparc cuts PT to EUR 0.71 from EUR 0.75; rating 'buy'

Ferrovial FERF.AS: Bernstein raises target price to EUR 63.7 from EUR 60.3

GBL IPO-BLSPA.MI: Kepler Cheuvreux raises target price to EUR 92 from EUR 89

Givaudan GIVN.S: Kepler Cheuvreux cuts target price to CHF 3000 from CHF 3600

Givaudan GIVN.S: Kepler Cheuvreux cuts to hold from buy

Greencore GNC.L: Kepler Cheuvreux raises PT to 230p from 208p

Hal Trust HLAN.AS: KBC Securities raises PT to EUR 190 from EUR 168; rating 'accumulate'

Heineken NV HEIN.AS: JP Morgan cuts target price to EUR 70 from EUR 90

Heineken NV HEIN.AS: JP Morgan cuts to neutral from overweight

Heineken NV HEIN.AS: Morgan Stanley cuts target price to EUR 75 from EUR 80

Hipay ALHYP.PA: TP ICAP Midcap cuts target price to EUR 8 from EUR 9; rating 'buy'

Hochtief AG HOTG.DE: Jefferies raises target price to EUR 494 from EUR 480

HSBC HSBA.L: Morgan Stanley raises target price to 1463p from 1419p

IMI Plc IMI.L: Jefferies raises target price to 3295p from 3085p

ING INGA.AS: Deutsche Bank raises target price to EUR 30 from EUR 29

Intertek ITRK.L: RBC cuts to sector perform from outperform

Ionos Group SE IOSn.DE: Morgan Stanley raises target price to EUR 29.4 from EUR 28.2

Jenoptik JENGn.DE: Deutsche Bank raises target price to EUR 44 from EUR 38

Jenoptik AG JENGn.DE: Berenberg raises target price to EUR 47 from EUR 39

Jenoptik AG JENGn.DE: Deutsche Bank raises target price to EUR 44 from EUR 38

Julius Baer Gruppe AG BAER.S: Citigroup raises target price to CHF 72 from CHF 67.5

KBC Groep KBC.BR: Barclays raises target price to EUR 112 from EUR 109

Kerry Group KYGA.I: Kepler Cheuvreux raises target price to EUR 95 from EUR 92

Landis+Gyr Group AG LANDI.S: Berenberg cuts target price to CHF 65 from CHF 70

Landis+Gyr Group AG LANDI.S: JP Morgan cuts target price to CHF 55 from CHF 59

Leonardo SpA LDOF.MI: JP Morgan cuts target price to EUR 70 from EUR 77

Leroy Seafood LSG.OL: Kepler Cheuvreux cuts target price to NOK 47 from NOK 48

Lonza Group AG LONN.S: Jefferies cuts target price to CHF 762 from CHF 769

Man Group EMG.L: Kepler Cheuvreux raises target price to 339p from 322p

Munich Re MUVGn.DE: Berenberg cuts target price to EUR 565 from EUR 629

Munich Re MUVGn.DE: RBC cuts target price to EUR 490 from EUR 560

Novonesis NSISB.CO: Kepler Cheuvreux raises target price to DKK 460 from DKK 390

Novonesis NSISB.CO: Kepler Cheuvreux raises to buy from hold

ON the Beach Group Plc OTB.L: Deutsche Bank cuts target price to 314p from 345p

Outokumpu OUT1V.HE: Deutsche Bank raises target price to EUR 5.2 from EUR 5

Raiffeisen Bank Intl RBIV.VI: UBS raises target price to EUR 52 from EUR 50

Rovi SA ROVI.MC: Jefferies cuts target price to EUR 64.2 from EUR 83.5

Salzgitter SZGG.DE: Deutsche Bank raises target price to EUR 65 from EUR 60

Salzgitter SZGG.DE: Kepler Cheuvreux raises target price to EUR 70 from EUR 45

Salzgitter AG SZGG.DE: Jefferies raises target price to EUR 55 from EUR 36

Scout24 G24n.DE: Barclays raises target price to EUR 103 from EUR 100

Scout24 SE G24n.DE: Berenberg raises target price to EUR 100 from EUR 91

Scout24 SE G24n.DE: JP Morgan raises target price to EUR 91 from EUR 83

Siegfried Holding AG SFZN.S: Jefferies resumes coverage with hold

Siegfried Holding AG SFZN.S: Jefferies resumes coverage with price target CHF 88

Siemens Energy ENR1n.DE: Barclays raises target price to EUR 110 from EUR 100

Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 200 from EUR 195

Siemens Energy AG ENR1n.DE: JP Morgan raises target price to EUR 225 from EUR 200

Smaio ALSMA.PA: TP ICAP Midcap cuts target price to EUR 8.3 from EUR 8.4; rating 'buy'

Standard Chartered Bank STAN.L: Morgan Stanley raises PT to 2090p from 1863p

Ströer SE & Co. KGaA SAXG.DE: Barclays raises target price to EUR 40 from EUR 35

Subsea 7 SUBC.OL: Citigroup raises target price to NOK 370 from NOK 248

Swatch Group AG UHR.S: RBC raises target price to CHF 220 from CHF 160

Swatch Group AG UHR.S: RBC raises to sector perform from underperform

Telecom Italia TLIT.MI: Barclays raises target price to EUR 0.66 from EUR 0.63

Telecom Italia TLITn.MI: Barclays raises target price to EUR 0.78 from EUR 0.75

Telenor TEL.OL: Morgan Stanley cuts target price to NOK 170 from NOK 175

Telenor ASA TEL.OL: Barclays cuts target price to NOK 160 from NOK 165

TKH Group NV TWKNc.AS: Berenberg raises target price to EUR 60 from EUR 55

UBS UBSG.S: Deutsche Bank raises target price to CHF 40 from CHF 39

Umicore SA UMI.BR: Goldman Sachs raises target price to EUR 33 from EUR 21

Umicore SA UMI.BR: Goldman Sachs raises to buy from neutral

Uniper UN0K.DE: Kepler Cheuvreux cuts to reduce from hold

Uniper UN0K.DE: Kepler Cheuvreux raises target price to EUR 35 from EUR 35

Valiant VATN.S: Kepler Cheuvreux cuts target price to CHF 128 from CHF 134

Vallourec VLLP.PA: TP ICAP Midcap raises PT to EUR 30 from EUR 21; rating 'buy'

Valneva VLS.PA: Portzamparc cuts target price to EUR 4.8 from EUR 5.6; rating 'buy'