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EUROPE RESEARCH ROUND-UP: Solvay, MAN, Swatch, LVMH=2

neutral from buy

* Vivendi : Credit Suisse cuts target to EUR 17.90 from EUR 20.70; rating outperform

* Vivendi SA : HSBC cuts to neutral from overweight

* Vivendi SA : HSBC cuts price target to eur 16 from eur 23

* Voestalpine : Exane raises to outperform

* Voestalpine : Nomura raises price target to 29 eur from 27 eur; rating neutral

* Wolseley : Barclays raises price target to 2850P from 2350P; rating overweight