EUROPE RESEARCH ROUNDUP-Bellway, Porsche SE, Watkin Jones

Dec 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bellway, Porsche SE and Watkin Jones on Monday. HIGHLIGHTS * Adecco Group AG : Morgan Stanley cuts to underweight from equal weight * Bellway Plc : Jefferies raises to buy from hold * Porsche SE : HSBC raises to buy from hold * UCB SA : Morgan Stanley cuts to underweight from equal-weight * Watkin Jones Plc : Jefferies cuts to hold from buy Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order. * Adecco Group AG : Morgan Stanley cuts target price to CHF 30.1 from CHF 33.1 * Adecco Group AG : Morgan Stanley cuts to underweight from equal weight * Aena Sme SA : Morgan Stanley raises target price to EUR 150 from EUR 126 * Aena Sme SA : Morgan Stanley raises to overweight from underweight * Aib Group Plc : Barclays raises target price to EUR 3.8 from EUR 3.4 * ALD SA : Stifel initiates coverage with buy rating and EUR 21 target price * ALD SA : Stifel starts with buy rating; target price EUR 21 * B&M : JP Morgan raises target price to 555p from 414p * Bakkavor : Citigroup cuts price target to 95p from 105p * Barratt : Jefferies raises target price to 452p from 356p * Bellway Plc : Jefferies raises target price to 2,458p from 1,918p * Bellway Plc : Jefferies raises to buy from hold * Berkeley Group : Jefferies raises target price to 4,554p from 4,330p * Boreo Oyj : Inderes cuts to reduce from accumulate; target price EUR 44.0 * Bouygues : BofA Global Research cuts to underperform vs neutral * Bouygues : BofA Global Research price objective cuts to 27 EUR from 30 EUR * Brenntag SE : Baader Helvea raises target price to EUR 99 from EUR 85 * Burberry Group : HSBC cuts to reduce from hold * Colruyt NV : JP Morgan cuts target price to EUR 22.8 from EUR 23.3 * Compagnie Financiere Richemont SA : HSBC raises target to CHF 130 from CHF 125.75 * Compagnie Plastic Omnium SE : JP Morgan cuts PT to EUR 14 from EUR 17 * Compagnie Plastic Omnium SE : JP Morgan cuts to underweight from neutral * Compass Group : RBC raises target price to 1,625p from 1,575p * Crest Nicholson Holdings Plc : Jefferies raises target price to 278p from 229p * Daimler Truck Holding AG : Stifel raises target price to EUR 39 from EUR 35 * Deutsche BANK : Oddo Double upgrades to outperform, target at 13 euros traders * Dovalue SpA : Citigroup cuts price target to EUR 10 from EUR 11.5 * DR ING HC F Porsche AG : HSBC starts with hold rating; target price EUR 104 * Dr. Martens : HSBC cuts target price to 320p from 380p * EasyJet : UBS raises target price to 600p from 565p * Equals Group Plc : Canaccord Genuity raises target price to 149p from 144p * Faurecia : JP Morgan cuts target price to EUR 23 from EUR 34 * Ferguson : Deutsche Bank cuts target price to 9630p from 9960p * Fevertree Drinks Plc : HSBC raises target price to 1000p from 820p * Flatexdegiro AG : Deutsche Bank cuts target price to EUR 9 from EUR 11 * Flatexdegiro AG : Exane BNP Paribas cuts target price to EUR 11 from EUR 15 * Flatexdegiro AG : Exane BNP Paribas cuts to neutral from outperform * Forbo Holding AG : Baader Helvea cuts target price to CHF 1315 from CHF 1564 * Galapagos NV : JP Morgan cuts target price to EUR 50 from EUR 65 * Gamma Communications Plc : Citigroup cuts price target to 1320p from 1650p * Gestamp Automocion SA : JP Morgan cuts PT to EUR 3.2 from EUR 3.5 * Gestamp Automocion SA : JP Morgan cuts to underweight from neutral * Grifols : JP Morgan cuts target price to EUR 12 from EUR 15 * Grifols : Morgan Stanley raises target price to EUR 14 from EUR 13 * Grifols : Morgan Stanley raises to overweight from equal-weight * Grifols : JP Morgan cuts target price to EUR 9 from EUR 10.3 * Hamborner REIT AG : HSBC cuts target price to EUR 8 from EUR 11.3 * Hays : Morgan Stanley cuts target price to 145p from 146p * Hermes : HSBC raises target price to EUR 1,570 from EUR 1,500 * Infotel SA : Portzamparc raises target price to EUR 58 from EUR 56.6 * Infotel SA : Portzamparc raises to buy from accumulate * JDE Peet'S : Citigroup cuts price target to EUR 31 from EUR 32 * Jeronimo Martins SA : JP Morgan cuts to neutral from overweight * Jeronimo Martins SA : JP Morgan raises target price to EUR 24.1 from EUR 21 * Kering : HSBC cuts target price to EUR 660 from EUR 670 * Koninklijke Ahold Delhaize NV : JP Morgan cuts PT to EUR 30 from EUR 31 * Land Securities : Citigroup cuts price target to 647p from 755p * Leg Immobilien SE : Berenberg cuts target price to EUR 91 from EUR 118 * Leoni AG : JP Morgan cuts target price to EUR 8.1 from EUR 10 * Metro AG : JP Morgan raises target price to EUR 8.7 from EUR 8 * Michelin : JP Morgan raises target price to EUR 22 from EUR 20 * Mortgage Advice Bureau (Holdings) Plc : Peel Hunt cuts PT to 827p from 1,620p * Norva24 Group AB (Publ) : Citigroup raises price target to SEK 37 from SEK 34 * Novartis AG : Stifel raises to buy from hold; raises PT to CHF 97 from CHF 89 * Novo Nordisk : BofA Global Research raises price objective to DKK 1,050 from DKK 950 * Orsted A/S : Berenberg cuts target price to DKK 800 from DKK 1,000 * Pagegroup : Morgan Stanley cuts target price to 505p from 510p * Pagegroup : Morgan Stanley cuts to equal-weight from overweight * Persimmon : Jefferies cuts to hold from buy * Porsche SE : HSBC raises to buy from hold * Premier Miton Group Plc : Peel Hunt raises target price to 132p from 115p * Randstad NV : Morgan Stanley raises target price to EUR 50 from EUR 48 * Redde Northgate : HSBC raises target price to 330p from 295p * Redrow Plc : Jefferies raises target price to 592p from 491p * Sainsbury : JP Morgan raises target price to 206p from 161p * Saint-Gobain : Stifel raises target price to EUR 48.5 from EUR 47.5 * Savills : Peel Hunt cuts to add from buy; cuts target price to 1,000p from 1,275p * Schaeffler AG : JP Morgan raises target price to EUR 7.5 from EUR 6.5 * St Gobain : Jefferies upgrades to buy vs hold * Stabilus SE : JP Morgan raises target price to EUR 74 from EUR 66 * Strix Group PLC : Stifel cuts target price to 155p from 255p * Swedish Orphan Biovitrum : Morgan Stanley cuts target to SEK 265 from SEK 280 * Swedish Orphan Biovitrum : Morgan Stanley cuts to equal-weight from overweight * Swisscom AG : Deutsche Bank cuts target price to CHF 465 from CHF 510 * Swisscom AG : Deutsche Bank cuts to sell from hold * Tamtron Group Oyj : Inderes starts coverage with accumulate; PT EUR 6.7 * Taylor Wimpey : Jefferies raises target price to 124p from 105p * Tesco : JP Morgan raises target price to 270p from 240p * Tharisa PLC : Berenberg raises target price to 260p from 240p * UCB SA : Morgan Stanley cuts target price to EUR 74 from EUR 105 * UCB SA : Morgan Stanley cuts to underweight from equal-weight * Vantage Towers AG : Deutsche Bank cuts target price to EUR 32 from EUR 34 * Vistry Group Plc : HSBC cuts target price to 900p from 1080p * Vistry Group Plc : Jefferies raises target price to 829p from 744p * Vitesco Technologies Group AG : JP Morgan raises target to EUR 65 from EUR 53 * Vitesco Technologies Group AG : JP Morgan raises to overweight from neutral * Volkswagen AG : HSBC raises target price to EUR 203 from EUR 188 * Volkswagen AG : HSBC raises target price to EUR 203 from EUR 188 * Watches of Switzerland : HSBC cuts to hold from buy * Watkin Jones Plc : Jefferies cuts target price to 111p from 225p * Watkin Jones Plc : Jefferies cuts to hold from buy * Zeal Network SE : Berenberg cuts target price to EUR 50 from EUR 52 (Compiled by Bengaluru Newsroom)