| * Admiral ADML.L: Jefferies cuts target price to 3,580p from 4,100p |
| * ADP ADP.PA: Barclays raises target price to EUR 138 from EUR 124 |
| * Air France-KLM AIRF.PA: Barclays raises target price to EUR 11 from EUR 9.9 |
| * Amadeus Fire AG AMDG.DE: Kepler Cheuvreux cuts target price to EUR 72 from EUR 95 |
| * Arcelik ARCLK.IS: HSBC raises target price to TRY 135 from TRY 130 |
| * Ashmore ASHM.L: Jefferies raises target price to 285p from 170p |
| * Ashmore ASHM.L: Jefferies raises to buy from hold |
| * ASR Nederland ASRNL.AS: UBS raises target price to EUR 66.5 from EUR 63 |
| * Azelis AZE.BR: KBC Securities cuts target price to EUR 15 from EUR 19; rating buy |
| * BAE Systems BAES.L: Kepler Cheuvreux raises target price to 2160p from 1860p |
| * Belimo BEAN.S: UBS cuts target price to CHF 500 from CHF 524 |
| * Belimo Holding AG BEAN.S: Berenberg raises target price to CHF 1,060 from CHF 1,020 |
| * Belimo Holding AG BEAN.S: Kepler Cheuvreux cuts PT to CHF 1010 from CHF 1070 |
| * Belimo Holding AG BEAN.S: Morgan Stanley cuts target price to CHF 860 from CHF 902 |
| * Biomérieux BIOX.PA: Barclays cuts target price to EUR 100 from EUR 110 |
| * Chemring Group Plc CHG.L: Peel Hunt initiates coverage with buy rating |
| * Chemring Group Plc CHG.L: Peel Hunt initiates coverage with target price 600p |
| * Cohort Plc CHRT.L: Peel Hunt initiates coverage with buy rating |
| * Cohort Plc CHRT.L: Peel Hunt initiates coverage with target price 1,430p |
| * Convatec Group Plc CTEC.L: Morgan Stanley cuts target price to 270p from 290p |
| * Danone DANO.PA: HSBC raises target price to EUR 75 from EUR 73 |
| * Dof Group ASA DOFG.OL: Kepler Cheuvreux raises target price to NOK 160 from NOK 150 |
| * Eiffage SA FOUG.PA: Morgan Stanley raises target price to EUR 178 from EUR 172 |
| * Elia Group ELI.BR: UBS cuts to neutral from buy |
| * Elia Group ELI.BR: UBS raises target price to EUR 144 from EUR 117 |
| * Elis SA ELIS.PA: RBC initiates coverage with sector perform rating |
| * Elis SA ELIS.PA: RBC initiates coverage with target price EUR 27.5 |
| * Enagas SA ENAG.MC: Morgan Stanley raises target price to EUR 13 from EUR 12 |
| * Enel ENEI.MI: Barclays raises target price to EUR 11 from EUR 10 |
| * Engcon AB ENGCONb.ST: Berenberg cuts target price to SEK 90 from SEK 100 |
| * Exosens EXENS.PA: TP ICAP Midcap raises raises target price to EUR 65 from EUR 52 |
| * Exosens EXENS.PA: TP ICAP Midcap raises to buy from hold |
| * Fevertree Drinks Plc FEVR.L: RBC raises target price to 1,030p from 900p |
| * Galenica GALE.S: UBS cuts to sell from neutral |
| * Galenica GALE.S: UBS raises target price to CHF 86 from CHF 85 |
| * Gerresheimer AG GXIG.DE: UBS cuts target price to EUR 12.9 from EUR 29 |
| * Gerresheimer AG GXIG.DE: UBS cuts to sell from neutral |
| * Glencore GLEN.L: Jefferies raises target price to 590p from 560p |
| * IG Group IGG.L: Barclays raises target price to 1755p from 1350p |
| * Johnson Matthey JMAT.L: JP Morgan cuts target price to 2000p from 2250p |
| * Johnson Matthey JMAT.L: JP Morgan cuts to neutral from overweight |
| * Johnson Matthey JMAT.L: Panmure Liberum cuts target price to 2,310p from 2,570p |
| * Johnson Matthey Plc JMAT.L: Deutsche Bank cuts target price to 2120p from 2400p |
| * Juventus Fc SpA JUVE.MI: Kepler Cheuvreux cuts target price to EUR 2.35 from EUR 2.9 |
| * Karnov Group AB (Publ) KARNO.ST: Berenberg cuts target price to SEK 115 from SEK 125 |
| * KBC Group KBC.BR: Deutsche Bank raises target price to EUR 116 from EUR 94 |
| * Kingspan Group Plc KSP.I: Berenberg raises target price to EUR 95 from EUR 90 |
| * Legrand LEGD.PA: Kepler Cheuvreux cuts to hold from buy |
| * Legrand LEGD.PA: Kepler Cheuvreux raises target price to EUR 155 from EUR 150 |
| * Metso METSO.HE: UBS raises target price to EUR 21.5 from EUR 17 |
| * Mondi Plc MNDI.L: Morgan Stanley cuts target price to 780p from 800p |
| * Mony Group MONY.L: Barclays cuts target price to 215p from 255p |
| * Mony Group Plc MONY.L: Morgan Stanley cuts target price to 180p from 220p |
| * National Grid Plc NG.L: Berenberg raises target price to 1,300p from 1,070p |
| * Naturgy NTGY.MC: Morgan Stanley cuts target price to EUR 27 from EUR 28 |
| * Nexans SA NEXS.PA: Barclays cuts target price to EUR 132 from EUR 137 |
| * Norsk Hydro ASA NHY.OL: Morgan Stanley raises target price to NOK 87 from NOK 82 |
| * Novo NORDISK: Jyske Bank cuts to hold from buy; TP to DKK 305 from DKK 375 |
| * Novo Nordisk NOVOb.CO: Barclays cuts target price to DKK 270 from DKK 340 |
| * Novo Nordisk NOVOb.CO: Citigroup cuts target price to DKK 309 from DKK 340 |
| * Novo Nordisk NOVOb.CO: Deutsche Bank cuts target price to DKK 275 from DKK 400 |
| * Novo Nordisk NOVOb.CO: Deutsche Bank cuts to hold from buy |
| * Novo Nordisk NOVOb.CO: JP Morgan cuts target price to DKK 250 from DKK 350 |
| * Novo Nordisk NOVOb.CO: JP Morgan cuts to neutral from overweight |
| * Novo Nordisk NOVOb.CO: Kepler Cheuvreux cuts target price to DKK 280 from DKK 400 |
| * Novo Nordisk NOVOb.CO: Kepler Cheuvreux cuts to hold from buy |
| * Orsted A/S ORSTED.CO: UBS raises target price to DKK 175 from DKK 160 |
| * Qinetiq Group Plc QQ.L: Peel Hunt initiates coverage with hold rating |
| * Qinetiq Group Plc QQ.L: Peel Hunt initiates coverage with target price 500p |
| * Rentokil Initial RTO.L: Deutsche Bank cuts target price to 465p from 505p |
| * Rentokil Initial RTO.L: Deutsche Bank cuts to hold from buy |
| * Rio Tinto Plc RIO.L: Barclays cuts target price to 6600p from 6885p |
| * Rio Tinto Plc RIO.L: Barclays cuts to equal-weight from overweight |
| * Sensorion SA ALSEN.PA: Baird initiates coverage with outperform rating |
| * Sensorion SA ALSEN.PA: Baird initiates coverage with target price EUR 2 |
| * SGL Carbon SGCG.DE: Deutsche Bank raises target price to EUR 3.77 from EUR 3.65 |
| * Shell SHEL.L: Berenberg raises target price to 3,300p from 3,250p |
| * Solvay SOLB.BR: KBC Securities cuts target price to EUR 27 from EUR 30 |
| * Solvay SOLB.BR: KBC Securities cuts to hold from accumulate |
| * Sunrise Communications AG SUNN.S: Barclays raises target price to CHF 38 from CHF 36 |
| * Swedish Orphan Biovitrum SOBIV.ST: Barclays raises PT to SEK 470 from SEK 395 |
| * Temenos AG TEMN.S: Kepler Cheuvreux cuts target price to CHF 65 from CHF 70 |
| * Tenaris TENR.MI: Kepler Cheuvreux raises target price to EUR 22.5 from EUR 17 |
| * Tullow Oil Plc TLW.L: Barclays cuts target price to 35p from 50p |
| * Ubisoft UBIP.PA: UBS cuts target price to EUR 4.5 from EUR 7 |
| * Unite Group UTG.L: Jefferies cuts target price to 512p from 629p |
| * Voestalpine AG VOES.VI: Morgan Stanley raises target price to EUR 49 from EUR 40.7 |
| * Volvo VOLVb.ST: Bernstein raises target price to SEK 290 from SEK 270 |
| * Zumtobel Group AG ZUMV.VI: Kepler Cheuvreux cuts target price to EUR 4.5 from EUR 4.8 |
