EUROPE RESEARCH ROUNDUP- Aberdeen Group, Nestle, Pandora

* Aberdeen Group Plc ABDN.L: Peel Hunt initiates coverage with buy rating

* M&S MKS.L: Jefferies raises target price to 460p from 440p

* Nestle SA NESN.S: Jefferies raises to buy from hold

* Pandora PNDORA.CO: Jefferies raises target price to DKK 700 from DKK 650

* Talanx AG TLXGn.DE: Berenberg raises target price to EUR 160 from EUR 143

* Aberdeen Group Plc ABDN.L: Peel Hunt initiates coverage with buy rating

* Aberdeen Group Plc ABDN.L: Peel Hunt initiates coverage with target price 294p

* ACS ACS.MC: Kepler Cheuvreux cuts target price to EUR 129 from EUR 145.95

* Airbus AIR.PA: Deutsche Bank raises target price to EUR 232 from EUR 226

* Airbus SE AIR.PA: Berenberg raises target price to EUR 205 from EUR 190

* Airbus SE AIR.PA: JP Morgan raises target price to EUR 245 from EUR 240

* Alfa Laval ALFA.ST: Deutsche Bank raises target price to SEK 620 from SEK 580

* Also Holding AG ALSN.S: Berenberg raises target price to CHF 185 from CHF 173

* Atlas Copco ATCOa.ST: Goldman Sachs raises to buy from neutral

* Banca Generali BGN.MI: Barclays raises target price to EUR 76.5 from EUR 70.5

* Barratt Redrow Plc BTRW.L: Citigroup cuts target price to 410p from 450p

* BAT BATS.L: BTIG initiates coverage with buy rating; price target 5800p

* Bawag Group BAWG.VI: Deutsche Bank raises target price to EUR 191 from EUR 188

* Bawag Group AG BAWG.VI: UBS raises target price to EUR 198 from EUR 156

* Belimo Holding AG BEAN.S: Alphavalue raises target price to CHF 842 from CHF 822

* Boliden BOL.ST: Barclays cuts target price to SEK 690 from SEK 700

* Boliden BOL.ST: JP Morgan cuts target price to SEK 630 from SEK 640

* Boliden BOL.ST: Kepler Cheuvreux cuts target price to SEK 533 from SEK 603

* Boliden BOL.ST: UBS cuts target price to SEK 500 from SEK 540

* Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 620 from SEK 640

* Bossard Holding AG BOS.S: Alphavalue raises to reduce from sell

* Bossard Holding AG BOS.S: Baader Helvea raises to reduce from sell

* Bossard Holding AG BOS.S: Berenberg raises target price to CHF 250 from CHF 228

* Breedon Group BREE.L: Barclays cuts target price to 380p from 450p

* Centrica CNA.L: Barclays cuts target price to 240p from 250p

* Danone DANO.PA: Jefferies cuts target price to EUR 62 from EUR 80

* Danone DANO.PA: Jefferies cuts to underperform from buy

* Demant A/S DEMANT.CO: UBS cuts to neutral from buy

* Demant A/S DEMANT.CO: UBS raises target price to DKK 284 from DKK 273

* Diploma Plc DPLM.L: Davy Research raises target price to 8400p

* Epiroc EPIRa.ST: JP Morgan raises target price to SEK 320 from SEK 300

* Epiroc EPIRa.ST: JP Morgan raises to overweight from neutral

* Essilorluxottica SA ESLX.PA: Citigroup cuts target price to EUR 255 from EUR 315

* Fagerhult Group AB FAG.ST: Kepler Cheuvreux raises to buy from hold

* Fineco FBK.MI: Barclays raises target price to EUR 28.4 from EUR 27.1

* Henry Boot Plc BOOT.L: Peel Hunt cuts target price to 200p from 230p

* Hochtief AG HOTG.DE: Kepler Cheuvreux cuts target price to EUR 486.8 from EUR 533.8

* HSBC Holdings Plc HSBA.L: Barclays raises target price to 1650p from 1600p

* IONOS Group SE IOSn.DE: Morgan Stanley raises target price to EUR 33.5 from EUR 29.4

* IQE Plc IQE.L: Deutsche Bank raises target price to 70p from 60p

* Iren S.P.A. IREE.MI: Kepler Cheuvreux raises target price to EUR 3 from EUR 2.9

* Iren S.P.A. IREE.MI: Kepler Cheuvreux raises to buy from hold

* J D Wetherspoon JDW.L: Peel Hunt cuts to hold from add

* Jet2 Plc JET2.L: Peel Hunt raises target price to 2100p from 1800p

* Julius Baer BAER.S: Deutsche Bank raises target price to CHF 81 from CHF 76

* Julius Baer BAER.S: Morgan Stanley raises target price to CHF 67 from CHF 66

* Julius Baer Gruppe AG BAER.S: Kepler Cheuvreux raises PT to CHF 76 from CHF 73

* KSB SE & Co KGaA KSBG.DE: Kepler Cheuvreux cuts PT to EUR 1134 from EUR 1199

* Lindt & Spruengli LISN.S: Barclays cuts PT to CHF 89000 from CHF 95000

* Lindt & Spruengli LISN.S: Berenberg cuts target price to CHF 90,230 from CHF 102,520

* Lindt & Spruengli LISN.S: Deutsche Bank cuts PT to CHF 93500 from CHF 108000

* Lindt & Spruengli LISN.S: Kepler Cheuvreux cuts PT to CHF 112,000 from CHF 126,000

* Lindt & Spruengli LISP.S: Berenberg cuts target price to CHF 9,020 from CHF 10,250

* M P Evans Group Plc MPE.L: Canaccord Genuity raises target price to 1900p from 1750p

* M&S MKS.L: Jefferies raises target price to 460p from 440p

* Mediolanum BMED.MI: Barclays raises target price to EUR 24.8 from EUR 23.5

* Mensch Und Maschine MUMG.DE: Deutsche Bank cuts target price to EUR 45 from EUR 46

* Mitie Group Plc MTO.L: Deutsche Bank cuts to hold from buy

* Mitie Group Plc MTO.L: Deutsche Bank raises target price to 218.5p from 195p

* Mony Group MONY.L: Barclays raises target price to 225p from 215p

* Mony Group Plc MONY.L: Morgan Stanley raises target price to 185p from 180p

* Mony Group Plc MONY.L: UBS raises target price to 180p from 166p

* Nestle SA NESN.S: Jefferies raises target price to CHF 99 from CHF 84

* Nestle SA NESN.S: Jefferies raises to buy from hold

* Next Plc NXT.L: Jefferies raises target price to 14,500p from 14,000p

* Noba Bank Group AB (Publ) NOBA.ST: Goldman Sachs cuts PT to SEK 109 from SEK 125

* Novartis NOVN.S: Barclays raises target price to CHF 125 from CHF 120

* Novartis AG NOVN.S: Citigroup raises target price to CHF 142 from CHF 132

* Pandora PNDORA.CO: Jefferies raises target price to DKK 700 from DKK 650

* Pearson PSON.L: Morgan Stanley raises target price to 1335p from 1120p

* Personal Group Holdings Plc PGH.L: Canaccord Genuity raises target price to 465p from 415p

* PKO Bank Polski SA PKO.WA: Barclays raises target price to PLN 95 from PLN 92

* Planisware PLNW.PA: UBS raises target price to EUR 22.5 from EUR 20

* Reach Plc RCH.L: Panmure Liberum cuts target price to 125p from 139p

* Reckitt RKT.L: Jefferies raises target price to 5,900p from 5,600p

* Reckitt RKT.L: Jefferies raises to buy from hold

* Rio Tinto RIO.L: JP Morgan raises target price to 8,270p from 8,250p

* Rotork Plc ROR.L: Peel Hunt cuts to hold from buy; raises PT to 503p from 425p

* Sandvik AB SAND.ST: JP Morgan cuts target price to SEK 400 from SEK 460

* Sandvik AB SAND.ST: JP Morgan cuts to neutral from overweight

* Schindler Holding AG SCHP.S: Kepler Cheuvreux cuts PT to CHF 275 from CHF 285

* Siegfried Holding AG SFZN.S: Berenberg initiates coverage with hold rating

* Siegfried Holding AG SFZN.S: Berenberg initiates coverage with price target CHF 77

* Sodexo EXHO.PA: Berenberg raises target price to EUR 50 from EUR 40

* Sonova SOON.S: UBS raises target price to CHF 242 from CHF 206

* Sonova SOON.S: UBS raises to buy from neutral

* Standard Chartered Plc STAN.L: Barclays raises target price to 2250p from 2100p

* Stellantis NV STLAM.MI: Kepler Cheuvreux cuts target price to EUR 5.5 from EUR 7

* Swatch Group AG UHR.S: UBS cuts target price to CHF 90 from CHF 92

* Swedbank SWEDa.ST: Barclays raises target price to SEK 320 from SEK 313

* Talanx AG TLXGn.DE: Berenberg raises target price to EUR 160 from EUR 143

* Telenor TEL.OL: Goldman Sachs cuts target price to NOK 185 from NOK 210

* Telia Company AB TELIA.ST: Morgan Stanley raises target price to SEK 45 from SEK 44

* The Swatch Group AG UHR.S: RBC cuts target price to CHF 210 from CHF 220

* Thule Group THULE.ST: UBS cuts target price to SEK 230 from SEK 270

* ThyssenKrupp TKAG.DE: Deutsche Bank raises target price to EUR 16 from EUR 14.5

* Travis Perkins TPK.L: Barclays cuts target price to 461p from 860p

* Travis Perkins TPK.L: Barclays cuts to underweight from overweight

* Unipol Assicurazioni SpA UNPI.MI: Kepler Cheuvreux raises PT to EUR 30 from EUR 23.5

* Wartsila WRT1V.HE: Barclays raises target price to EUR 19 from EUR 18

* Wickes Group Plc WIX.L: Canaccord Genuity cuts target price to 260p from 265p

* Wickes Group Plc WIX.L: Jefferies cuts target price to 250p from 264p

* Wienerberger AG WBSV.VI: Citigroup cuts target price to EUR 22 from EUR 30

* Wienerberger AG WBSV.VI: Citigroup cuts to neutral from buy