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RESEARCH ALERT-Morgan Stanley cuts price target on Akzo Nobel, Lanxess

Oct 12 (Reuters) - :

* Morgan Stanley cuts Akzo Nobel price target to 52 euros from 54

euros; rating equal-weight * Morgan Stanley raises BASF price target to 75 euros from 74 euros; rating overweight

* Morgan Stanley raises Johnson Matthey PLC price target to 2070p from

1949p; rating underweight

* Morgan Stanley cuts Lanxess AG price target to 78 euros from 80

euros; rating overweight

* Morgan Stanley raises Victrex PLC to equal-weight from underweight;

price target to 1440P from 1240P

* Morgan Stanley raises Yara price target to Nok 322 from Nok 310;

rating equal-weight

* Morgan Stanley cuts Yule Catto price target to 245p from 270p;

rating overweight

For a summary of rating actions and price target changes on European companies:

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