EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle

* Adidas AG ADSGn.DE: Baader Helvea raises to add from reduce

* Bellway Plc BWY.L: Peel Hunt cuts to hold from add

* Danone DANO.PA: Morgan Stanley cuts to equal weight from overweight

* Greencore GNC.L: Deutsche Bank raises to hold from sell

* Nestle SA NESN.S: Jefferies cuts target price to CHF 82 from CHF 87

* Acciona Energia ANE.MC: HSBC raises target price to EUR 22.5 from EUR 22

* Adidas AG ADSGn.DE: Baader Helvea raises target price to EUR 238 from EUR 169

* Adidas AG ADSGn.DE: Baader Helvea raises to add from reduce

* ADP ADP.PA: Barclays cuts target price to EUR 115 from EUR 120

* Aena AENA.MC: Barclays raises target price to EUR 190 from EUR 185

* Air France-KLM AIRF.PA: HSBC raises target price to EUR 8.5 from EUR 8.4

* Airbus SE AIR.PA: Jefferies raises target price to EUR 170 from EUR 160

* Aj Bell Plc AJBA.L: Barclays raises target price to 430p from 410p

* Allianz SE ALVG.DE: Berenberg raises target price to EUR 376 from EUR 309

* ASML Holding NV ASML.AS: Citigroup cuts target price to EUR 930 from EUR 1150

* Avolta AVOL.S: Deutsche Bank initiates coverage with buy rating

* Avolta AVOL.S: Deutsche Bank initiates coverage with target price CHF 41.7

* B&M European value Retail SA BMEB.L: Barclays cuts PT to 570p from 600p

* BAE Systems BAES.L: Jefferies raises target price to 1360p from 1330p

* Banco Bpm BAMI.MI: Morgan Stanley cuts target price to EUR 7.4 from EUR 7.7

* Barry Callebaut AG BARN.S: Morgan Stanley raises PT to CHF 1,830 from CHF 1,400

* Barry Callebaut AG BARN.S: Morgan Stanley raises to overweight from equal weight

* Bellway plc BWY.L: Peel Hunt cuts to hold from add

* Bellway plc BWY.L: Peel Hunt raises target price to 3160p from 3020p

* Bridgepoint Group Plc BPTB.L: JP Morgan raises target price to 392p from 358p

* Brunello Cucinelli S.P.A BCU.MI: UBS raises target price to EUR 106 from EUR 97

* Bunzl BNZL.L: Citigroup cuts to neutral from buy

* Capgemini CAPP.PA: Citigroup cuts target price to EUR 225 from EUR 235

* Compagnie Financiere Richemont SA CFR.S: Goldman Sachs cuts to neutral

* Compass Group CPG.L: Deutsche Bank cuts to hold from buy

* Currys Plc CURY.L: Barclays raises target price to 83p from 74p

* Danone DANO.PA: Morgan Stanley cuts to equal weight from overweight

* Danone DANO.PA: Morgan Stanley raises target price to EUR 71 from EUR 67

* De La Rue Plc DLAR.L: Deutsche Bank raises target price to 105p from 95p

* Deliveroo Plc ROO.L: UBS cuts target price to 245p from 257p

* Elior ELIOR.PA: Deutsche Bank raises target price to EUR 4.7 from EUR 4.6

* Endesa ELE.MC: HSBC raises target price to EUR 21.6 from EUR 20

* Enel ENEI.MI: HSBC raises target price to EUR 8 from EUR 7.7

* Entain ENT.L: JP Morgan raises target price to 960p from 760p

* EQT AB EQTAB.ST: Deutsche Bank cuts target price to SEK 340 from SEK 345

* Essilorluxottica SA ESLX.PA: JP Morgan raises target price to EUR 225 from EUR 215

* Evoke Plc EVOK.L: JP Morgan raises target price to 73p from 72p

* Evolution AB (Publ) EVOG.ST: JP Morgan raises target price to SEK 1265 from SEK 1240

* Fraport FRAG.DE: Barclays cuts target price to EUR 64 from EUR 65

* Geberit AG GEBN.S: Goldman Sachs raises to buy from neutral

* Glanbia Plc GL9.I: Morgan Stanley raises target price to EUR 21.1 from EUR 19.5

* Greencore GNC.L: Deutsche Bank raises target price to 195p from 130p

* Greencore GNC.L: Deutsche Bank raises to hold from sell

* Heineken NV HEIN.AS: Degroof Petercam cuts target price to EUR 88 from EUR 96

* Huhtamaki HUH1V.HE: Inderes cuts PT to EUR 40.0 from EUR 41.0; rating accumulate

* Iberdrola IBE.MC: HSBC raises target price to EUR 15.5 from EUR 15

* Intesa Sanpaolo S.P.A. ISP.MI: Morgan Stanley cuts PT to EUR 4.7 from EUR 4.8

* Is Bankasi ISCTR.IS: HSBC cuts target price to TRY 15.85 from TRY 17.3

* Jde Peet'S JDEP.AS: Morgan Stanley initiates coverage with equal weight rating

* Jde Peet'S JDEP.AS: Morgan Stanley initiates coverage with price target EUR 21.6

* Just Eat Takeaway JETJ.L: Barclays cuts target price to 1040p from 1200p

* Just Eat Takeaway.Com TKWY.AS: Barclays cuts target price to EUR 12.30 from EUR 14.10

* Klepierre LOIM.PA: HSBC raises target price to EUR 34 from EUR 30

* Lottomatica Group SpA LTMC.MI: JP Morgan raises target price to EUR 18 from EUR 16

* LVMH LVMH.PA: Barclays cuts target price to EUR 743 from EUR 795

* LVMH LVMH.PA: Citigroup cuts target price to EUR 763 from EUR 789

* Man Group EMG.L: Deutsche Bank cuts target price to 265p from 280p

* Marks and Spencer Group Plc MKS.L: Morgan Stanley raises PT to 442p from 371p

* Mondi MNDI.L: Barclays cuts target price to 1275p from 1470p

* Mondi MNDI.L: Stifel cuts target price to 1,815p from 1,933p

* Mondi MNDI.L: UBS cuts target price to 1560p from 1610p

* Moonpig Group MOONM.L: UBS raises target price to 360p from 350p

* MTU Aero Engines AG MTXGn.DE: Jefferies raises target price to EUR 380 from EUR 320

* Nel NEL.OL: UBS cuts target price to NOK 3.5 from NOK 4

* Nel NEL.OL: Berenberg cuts target price to NOK 5.5 from NOK 7

* Neste NESTE.HE: UBS cuts target price to EUR 22 from EUR 26

* Nestle SA NESN.S: Deutsche Bank cuts target price to CHF 87 from CHF 90

* Nestle SA NESN.S: UBS cuts target price to CHF 83 from CHF 91

* Nestle SA NESN.S: Baader Helvea raises target price to CHF 92 from CHF 90

* Nestle SA NESN.S: Barclays cuts target price to CHF 90 from CHF 92

* Nestle SA NESN.S: Berenberg cuts target price to CHF 93 from CHF 97

* Nestle SA NESN.S: Jefferies cuts target price to CHF 82 from CHF 87

* Nestle SA NESN.S: RBC raises to outperform from sector perform

* NKT A/S NKT.CO: Jefferies raises target price to DKK 552 from DKK 540

* Nokia NOKIA.HE: UBS raises target price to EUR 4 from EUR 3.55

* Nokia NOKIA.HE: Inderes cuts to sell from reduce; raises PT to EUR 3.3 from EUR 3.2

* Nordea NDASE.ST: UBS raises target price to SEK 144 from SEK 143

* Pernod Ricard PERP.PA: Barclays cuts target price to EUR 107 from EUR 118

* Pernod Ricard PERP.PA: Citigroup cuts target price to EUR 160 from EUR 165

* Pernod Ricard PERP.PA: Deutsche Bank cuts target price to EUR 102 from EUR 106

* Prosus NV PRX.AS: UBS raises target price to EUR 65 from EUR 55

* Proximus NV PROX.BR: Deutsche Bank cuts target price to EUR 8.1 from EUR 9.5

* Rathbones Group RAT.L: Barclays raises target price to 1880p from 1840p

* Raute Oyj RAUTE.HE: Inderes raises to buy from accumulate; target price EUR 16.0

* Red Electrica REDE.MC: Deutsche Bank cuts target price to EUR 17.5 from EUR 17.7

* Rentokil RTO.L: Jefferies cuts target price to 500p from 520p

* Rheinmetall RHMG.DE: Deutsche Bank raises target price to EUR 550 from EUR 510

* Rio Tinto RIO.L: Barclays cuts target price to 5600p from 5700p

* Rolls Royce RR.L: Jefferies raises target price to 650p from 640p

* RWE RWEG.DE: HSBC cuts target price to EUR 47 from EUR 49

* Sabre Insurance Group Plc SBRE.L: RBC cuts target price to 200p from 220p

* Schindler Group SCHN.S: Deutsche Bank raises target price to CHF 274 from CHF 261

* Schindler Holding AG SCHN.S: Citigroup raises target price to CHF 255 from CHF 230

* SIG Plc SHI.L: Peel Hunt cuts target price to 26p from 28p

* Sodexo EXHO.PA: Deutsche Bank cuts target price to EUR 94 from EUR 96

* Stellantis STLAM.MI: Deutsche Bank cuts target price to EUR 14 from EUR 23

* Stratec SBSG.DE: Deutsche Bank cuts target price to EUR 39 from EUR 40

* Suss Microtec SE SMHNn.DE: Stifel cuts target price to EUR 60 from EUR 70

* Suss Microtec SE SMHNn.DE: Stifel cuts to hold from buy

* Tryg TRYG.CO: Jefferies raises target price to DKK 183 from DKK 177

* Unicredit S.P.A. CRDI.MI: Morgan Stanley cuts target price to EUR 43 from EUR 44

* Vaisala Oyj VAIAS.HE: Evli Research raises target price to EUR 47 from EUR 46

* VAT Group AG VACN.S: Deutsche Bank cuts target price to CHF 360 from CHF 420

* VAT Group AG VACN.S: Jefferies cuts target price to CHF 535 from CHF 700

* VAT Group AG VACN.S: JP Morgan cuts target price to CHF 457 from CHF 500

* VAT Group AG VACN.S: Morgan Stanley cuts target price to CHF 325 from CHF 350

* Voestalpine AG VOES.VI: Morgan Stanley cuts target price to EUR 25.7 from EUR 27.5

* Volution Group Plc FAN.L: Deutsche Bank raises target price to 600p from 430p

* Yapi Kredi YKBNK.IS: HSBC cuts target price to TRY 28.6 from TRY 37