| * 1&1 AG 1U1.DE: Deutsche Bank cuts target price to EUR 17.5 from EUR 19.5 |
| * ABB Ltd ABBN.S: Deutsche Bank cuts target price to CHF 41 from CHF 45 |
| * Aberdeen Group Plc ABDN.L: Jefferies cuts target price to 165p from 215p |
| * ABN Amro Bank NV ABNd.AS: Morgan Stanley cuts target price to EUR 19 from EUR 20 |
| * Accelleron ACLN.S: Deutsche Bank cuts target price to CHF 39 from CHF 45 |
| * Accor ACCP.PA: Kepler Cheuvreux cuts target price to EUR 42 from EUR 47 |
| * Accor ACCP.PA: Kepler Cheuvreux cuts to hold from buy |
| * Acomo NV ARBN.AS: Kepler Cheuvreux raises target price to EUR 25 from EUR 23.2 |
| * Addnode ANODb.ST: Kepler Cheuvreux cuts target price to SEK 110 from SEK 125 |
| * Addnode ANODb.ST: Kepler Cheuvreux raises to buy from hold |
| * Ageas N.V. AGES.BR: Barclays raises target price to EUR 58 from EUR 56.5 |
| * Air France Klm SA AIRF.PA: Morgan Stanley cuts target price to EUR 5.7 from EUR 8.5 |
| * Air France-KLM AIRF.PA: JP Morgan cuts target price to EUR 8 from EUR 15 |
| * Air France-KLM AIRF.PA: JP Morgan cuts to neutral from overweight |
| * Air Liquide AIRP.PA: Stifel cuts target price to EUR 172 from EUR 176 |
| * Alfa Laval ALFA.ST: Deutsche Bank cuts target price to SEK 509 from SEK 518 |
| * Allianz SE ALVG.DE: Barclays raises target price to EUR 320 from EUR 300 |
| * Alstom SA ALSO.PA: Deutsche Bank cuts target price to EUR 24 from EUR 26 |
| * Amundi SA AMUN.PA: Jefferies cuts target price to EUR 73 from EUR 85 |
| * Antin Infrastructure Partners Sas ANTIN.PA: Jefferies cuts PT to EUR 14 from EUR 15 |
| * Ashmore ASHM.L: Jefferies cuts target price to 140p from 170p |
| * ASR Nederland NV ASRNL.AS: Barclays raises target price to EUR 55.5 from EUR 55 |
| * Assa Abloy ASSAb.ST: Deutsche Bank cuts target price to SEK 280 from SEK 310 |
| * Atlas Copco ATCOa.ST: Deutsche Bank cuts target price to SEK 147 from SEK 155 |
| * Basic-Fit NV BFIT.AS: KBC Securities cuts to ‘hold’ from ‘accumulate’;PT EUR 20.0 |
| * Beazley BEZG.L: Barclays raises target price to 1070p from 1000p |
| * Bridgepoint Group Plc BPTB.L: Jefferies cuts target price to 320p from 400p |
| * British Land BLND.L: Kepler Cheuvreux cuts target price to 430p from 440p |
| * BT BT.L: Exane BNP Paribas raises to neutral from underperform |
| * Carnival Corp CCL.L: Morgan Stanley cuts target price to 1650p from 2000p |
| * Credit Agricole CAGR.PA: RBC cuts target price to EUR 16.5 from EUR 17.5 |
| * Credit Agricole S.A. CAGR.PA: Morgan Stanley cuts target price to EUR 18 from EUR 19 |
| * Croda CRDA.L: Morgan Stanley cuts target price to 3400p from 3660p |
| * Davide Campari-Milano NV CPRI.MI: UBS cuts target price to EUR 5.7 from EUR 6.3 |
| * Deutsche Lufthansa AG LHAG.DE: Morgan Stanley cuts target price to EUR 5 from EUR 6.4 |
| * Diasorin SpA DIAS.MI: Kepler Cheuvreux raises target price to EUR 96 from EUR 80 |
| * Diasorin SpA DIAS.MI: Kepler Cheuvreux raises to hold from reduce |
| * DNB DNB.OL: Deutsche Bank raises target price to NOK 251 from NOK 233 |
| * DR ING HC F Porsche AG P911_p.DE: JP Morgan cuts target price to EUR 78 from EUR 93 |
| * Dsm-Firmenich AG DSFIR.AS: Morgan Stanley cuts target price to EUR 110 from EUR 125 |
| * Dws Group Gmbh & Co KGaA DWSG.DE: Jefferies raises target price to EUR 44 from EUR 38 |
| * Elementis Plc ELM.L: HSBC cuts target price to 150p from 180p |
| * Elisa ELISA.HE: Exane BNP Paribas raises to neutral from underperform |
| * Epiroc EPIRa.ST: Deutsche Bank cuts target price to SEK 190 from SEK 206 |
| * EQT EQTAB.ST: Jefferies cuts target price to SEK 310 from SEK 380 |
| * FINECOBANK FBK.MI: BOFA Global Research initiates coverage with buy rating |
| * FINECOBANK FBK.MI: BOFA Global Research initiates coverage with PO EUR 21.10 |
| * Flatexdegiro AG FTKn.DE: Deutsche Bank raises target price to EUR 22 from EUR 18 |
| * Generali GASI.MI: Barclays raises target price to EUR 25 from EUR 24 |
| * Givaudan SA GIVN.S: Morgan Stanley cuts target price to CHF 3500 from CHF 3650 |
| * Grenergy GREG.MC: Berenberg raises target price to EUR 47 from EUR 45 |
| * Handelsbanken SHBa.ST: Kepler Cheuvreux cuts target price to SEK 112 from SEK 129 |
| * Hannover Re HNRGn.DE: Barclays raises target price to EUR 221 from EUR 220 |
| * Havas N.V HAVAS.AS: Morgan Stanley cuts target price to EUR 1.6 from EUR 1.65 |
| * Hikma HIK.L: Jefferies raises to buy from hold; raises PT to 2400p from 2090p |
| * HSBC HSBA.L: Morgan Stanley cuts target price to 836p from 942p |
| * Huhtamaki HUH1V.HE: Inderes raises to buy from accumulate; cuts PT to EUR 38 from EUR 41 |
| * Humana AB HUMAN.ST: Kepler Cheuvreux raises target price to SEK 50 from SEK 44 |
| * IHG IHG.L: Kepler Cheuvreux cuts target price to 7500p from 8300p |
| * KBC Group NV KBC.BR: Morgan Stanley cuts target price to EUR 94 from EUR 100 |
| * Kion KGX.DE: Deutsche Bank cuts target price to EUR 45 from EUR 50 |
| * Knorr-Bremse KBX.DE: Deutsche Bank cuts target price to EUR 80 from EUR 85 |
| * Kone Corporation KNEBV.HE: Deutsche Bank cuts target price to EUR 46 from EUR 50 |
| * Legrand LEGD.PA: Deutsche Bank cuts target price to EUR 112 from EUR 123 |
| * Man Group Plc EMG.L: Jefferies cuts target price to 235p from 260p |
| * Mears Group Plc MERG.L: Peel Hunt raises target price to 405p from 380p |
| * Mears Group Plc MERG.L: Peel Hunt raises to buy from add |
| * Melia Hotels MEL.MC: Kepler Cheuvreux cuts target price to EUR 6.05 from EUR 6.75 |
| * Munich Re MUVGn.DE: Barclays raises target price to EUR 591 from EUR 554 |
| * Munters MTRS.ST: Jefferies cuts target price to SEK 155 from SEK 200 |
| * Neste Oyj NESTE.HE: RBC cuts target price to EUR 12 from EUR 14 |
| * NN NN.AS: Barclays raises target price to EUR 63.5 from EUR 58 |
| * Nordex NDXG.DE: Deutsche Bank cuts target price to EUR 19 from EUR 20 |
| * Partners Group Holding AG PGHN.S: Jefferies cuts target price to CHF 980 from CHF 1270 |
| * Petershill Partners Plc PHLL.L: Jefferies cuts target price to 250p from 280p |
| * Prosiebensat 1 Media SE PSMGn.DE: JP Morgan cuts target price to EUR 5.7 from EUR 9.3 |
| * Prosiebensat 1 Media SE PSMGn.DE: JP Morgan cuts to neutral from overweight |
| * Publicis Groupe SA PUBP.PA: Morgan Stanley cuts target price to EUR 116 from EUR 122 |
| * Remy Cointreau SA RCOP.PA: HSBC cuts target price to EUR 46 from EUR 50 |
| * Rieter RIEN.S: UBS cuts target price to CHF 101 from CHF 135 |
| * Rockwool ROCKb.CO: Morgan Stanley raises target price to DKK 259 from DKK 257.4 |
| * Saint-Gobain SGOB.PA: Berenberg raises to buy from hold |
| * Saint-Gobain SGOB.PA: Kepler Cheuvreux cuts target price to EUR 97 from EUR 115 |
| * Sandvik SAND.ST: Deutsche Bank cuts target price to SEK 205 from SEK 221 |
| * Schindler Group SCHN.S: Deutsche Bank cuts target price to CHF 259 from CHF 287 |
| * Schindler Group SCHN.S: Deutsche Bank cuts to hold from buy |
| * Schneider Electric SCHN.PA: Deutsche Bank cuts target price to EUR 225 from EUR 250 |
| * Schroders SDR.L: Jefferies cuts target price to 320p from 330p |
| * Scor SCOR.PA: Barclays raises target price to EUR 26.9 from EUR 26.1 |
| * Siemens AG SIEGn.DE: Deutsche Bank cuts target price to EUR 215 from EUR 240 |
| * Siemens Energy ENR1n.DE: Deutsche Bank cuts target price to EUR 62 from EUR 68 |
| * SKF SKFb.ST: Deutsche Bank cuts target price to SEK 199 from SEK 217 |
| * Standard Chartered Bank STAN.L: Morgan Stanley cuts target price to 1128p from 1309p |
| * Swiss Life Holding SLHN.S: Barclays raises target price to CHF 800 from CHF 630 |
| * Swisscom AG SCMN.S: Exane BNP Paribas cuts to neutral from outperform |
| * Symrise AG SY1G.DE: Morgan Stanley cuts target price to EUR 115 from EUR 130 |
| * Synthomer Plc SYNTS.L: HSBC cuts target price to 97p from 163p |
| * Telecom Italia TLIT.MI: Exane BNP Paribas raises to outperform from neutral |
| * Telefonica TEF.MC: Deutsche Bank cuts target price to EUR 3 from EUR 3.2 |
| * Temenos AG TEMN.S: Jefferies raises target price to CHF 75 from CHF 72 |
| * Tikehau Capital Sc TKOO.PA: Jefferies cuts target price to EUR 27 from EUR 32 |
| * Traton 8TRA.DE: Deutsche Bank cuts target price to EUR 34 from EUR 40 |
| * Treatt Plc TET.L: Peel Hunt cuts target price to 485p from 800p |
| * UBS UBSG.S: Deutsche Bank cuts target price to CHF 31 from CHF 37 |
| * United Internet AG UTDI.DE: Exane BNP Paribas cuts to underperform from neutral |
| * Vestas VWS.CO: Deutsche Bank cuts target price to DKK 105 from DKK 110 |
| * Wartsila Corporation WRT1V.HE: Deutsche Bank cuts target price to EUR 18 from EUR 19 |
| * Weir WEIR.L: Deutsche Bank cuts target price to 2210p from 2610p |
| * Whitbread WTB.L: Kepler Cheuvreux cuts target price to 2800p from 3500p |
| * WPP Plc WPP.L: Morgan Stanley cuts target price to 700p from 730p |
| * Zurich Insurance Group AG ZURN.S: Barclays cuts target price to CHF 595 from CHF 610 |
