| * ADP ADP.PA: Citigroup raises target price to EUR 113 from EUR 110 |
| * Ahold Delhaize AD.AS: Barclays raises target price to EUR 35 from EUR 31 |
| * Aib Group Plc AIBG.I: JP Morgan cuts target price to EUR 6.4 from EUR 7.3 |
| * Alzchem Group AG ACT1.DE: Berenberg raises target price to EUR 145 from EUR 120 |
| * Ams Osram AMS.S: Deutsche Bank cuts target price to CHF 8.50 from CHF 10 |
| * Arcadis NV ARDS.AS: UBS cuts target price to EUR 75 from EUR 79.50 |
| * Ariston Holding NV ARIS.MI: Morgan Stanley raises PT to EUR 3.4 from EUR 3.3 |
| * Arkema AKE.PA: Deutsche Bank cuts target price to EUR 85 from EUR 88 |
| * Arkema SA AKE.PA: HSBC cuts target price to EUR 84 from EUR 102 |
| * Arkema SA AKE.PA: Morgan Stanley cuts target price to EUR 99 from EUR 104 |
| * Aselsan ASELS.IS: HSBC raises target price to TRY 167 from TRY 120 |
| * Attendo AB (Publ) ATTE.ST: Kepler Cheuvreux raises PT to SEK 72 from SEK 70 |
| * Auto1 AG1G.DE: Barclays raises target price to EUR 28.5 from EUR 27 |
| * Banco Bpm BAMI.MI: Barclays raises target price to EUR 11 from EUR 10.6 |
| * Banco Bpm BAMI.MI: Deutsche Bank raises target price to EUR 10.60 from EUR 10 |
| * Bank of Ireland Group Plc BIRG.I: JP Morgan cuts PT to EUR 10.3 from EUR 11.6 |
| * Barclays BARC.L: Jefferies raises target price to 405p from 395p |
| * BASF SE BASFn.DE: JP Morgan cuts target price to EUR 40 from EUR 45 |
| * Belimo BEAN.S: UBS raises target price to CHF 510 from CHF 445 |
| * BMW BMWG.DE: Berenberg cuts target price to EUR 91 from EUR 92 |
| * BMW BMWG.DE: Deutsche Bank cuts target price to EUR 85 from EUR 90 |
| * BMW BMWG.DE: Jefferies raises target price to EUR 88 from EUR 83 |
| * Boozt AB BOOZT.ST: Kepler Cheuvreux cuts target price to SEK 120 from SEK 140 |
| * British Land BLND.L: BofA Global Research raises price objective to 470p from 450p |
| * Card Factory Plc CARDC.L: UBS cuts target price to 160p from 180p |
| * Chrysalis Investments Ltd CHRY.L: Panmure Liberum cuts target price to 123p from 132p |
| * CLS Holdings Plc CLSH.L: Peel Hunt cuts target price to 70p from 85p |
| * Deliveroo ROO.L: HSBC raises target price to 180p from 170p |
| * Deliveroo Plc ROO.L: Jefferies cuts to hold from buy; cuts PT to 180p from 225p |
| * Demant A/S DEMANT.CO: Barclays cuts target price to DKK 220 from DKK 240 |
| * Deutsche Telekom AG DTEGn.DE: JP Morgan raises target price to EUR 43.5 from EUR 43 |
| * Diasorin SpA DIAS.MI: Morgan Stanley cuts target price to EUR 100 from EUR 102 |
| * Diasorin SpA DIAS.MI: UBS cuts target price to EUR 106 from EUR 116 |
| * DNB DNB.OL: UBS raises target price to NOK 242 from NOK 230 |
| * Endesa SA ELE.MC: Barclays raises target price to EUR 28.6 from EUR 26.4 |
| * Endesa SA ELE.MC: Goldman Sachs cuts to sell from neutral |
| * Endesa SA ELE.MC: Morgan Stanley raises target price to EUR 25 from EUR 24 |
| * Endesa SA ELE.MC: UBS raises target price to EUR 25.60 from EUR 25.20 |
| * Evolution EVOG.ST: Deutsche Bank cuts target price to SEK 689 from SEK 774.50 |
| * Evolution EVOG.ST: Deutsche Bank raises to hold from sell |
| * Fasadgruppen Group AB (Publ) FG.ST: Kepler Cheuvreux raises PT to SEK 25 from SEK 23 |
| * Ferrari RACE.MI: RBC cuts target price to EUR 490 from EUR 500 |
| * Fresenius Medical Care AG FMEG.DE: Barclays raises PT to EUR 43 from EUR 40.5 |
| * Fresenius SE & Co KGaA FREG.DE: Barclays raises target price to EUR 49.5 from EUR 49 |
| * Fresenius SE & Co KGaA FREG.DE: UBS raises target price to EUR 49 from EUR 47 |
| * Geberit AG GEBN.S: JP Morgan raises target price to CHF 500 from CHF 495 |
| * Gjensidige Forsikring GJFG.OL: UBS initiates coverage with neutral rating and PT NOK 255 |
| * Great Portland Estates Plc GPEG.L: BofA Global Research raises PO to 360p from 320p |
| * Hammerson HMSO.L: UBS cuts target price to 245p from 305p |
| * Heidelberg Materials HEIG.DE: RBC raises target price to EUR 206 from EUR 180 |
| * Heidelberger Druckmaschinen HDDG.DE: Kepler Cheuvreux raises PT to EUR 1.30 from EUR 1 |
| * Hellofresh SE HFGG.DE: Berenberg cuts target price to EUR 1.40 from EUR 2.75 |
| * Hugo Boss BOSSn.DE: Deutsche Bank raises target price to EUR 44 from EUR 43 |
| * IMI Plc IMI.L: JP Morgan cuts target price to 2,260p from 2,290p |
| * Imperial Brands Plc IMB.L: Barclays raises target price to 3650p from 3350p |
| * Intercos S.P.A. ICOS.MI: Morgan Stanley cuts target price to EUR 16 from EUR 17 |
| * Italgas IG.MI: Barclays raises target price to EUR 7.2 from EUR 7 |
| * Ithaca Energy Plc ITH.L: BofA Global Research reinstates coverage with buy rating |
| * Ithaca Energy Plc ITH.L: BofA Global Research reinstates coverage with PO 170p |
| * JCDecaux JCDX.PA: UBS cuts target price to EUR 15.60 from EUR 18.50 |
| * JD Wetherspoon JDW.L: Morgan Stanley raises target price to 740p from 700p |
| * Jungheinrich AG JUNG_p.DE: Barclays raises target price to EUR 42 from EUR 41 |
| * Jungheinrich AG JUNG_p.DE: Citigroup raises target price to EUR 38 from EUR 33 |
| * Jyske Bank JYSK.CO: UBS raises target price to DKK 600 from DKK 571 |
| * Kion Group KGX.DE: HSBC raises target price to EUR 49 from EUR 46 |
| * Kloeckner & Co SE KCOGn.DE: Kepler Cheuvreux cuts target price to EUR 9.30 from EUR 10 |
| * Kongsberg Automotive ASA KOA.OL: Kepler Cheuvreux cuts PT to NOK 1.50 from NOK 1.65 |
| * Koninklijke Ahold Delhaize NV AD.AS: BofA Global Research raises PO to EUR 40 from EUR 39 |
| * Koninklijke Ahold Delhaize NV AD.AS: Kepler Cheuvreux cuts to hold from buy |
| * Koninklijke Ahold Delhaize NV AD.AS: Kepler Cheuvreux raises PT to EUR 40 from EUR 39 |
| * Koninklijke Philips NV PHG.AS: Morgan Stanley cuts PT to EUR 23 from EUR 26.5 |
| * Land Securities LAND.L: BofA Global Research raises price objective to 720p from 700p |
| * Landis+Gyr Group AG LANDI.S: Kepler Cheuvreux raises PT to CHF 56 from CHF 50 |
| * Legrand LEGD.PA: Barclays raises target price to EUR 112 from EUR 111 |
| * Legrand LEGD.PA: Deutsche Bank raises target price to EUR 115 from EUR 112 |
| * Legrand LEGD.PA: Kepler Cheuvreux cuts target price to EUR 116 from EUR 120 |
| * Lloyds LLOY.L: Jefferies raises target price to 92p from 90p |
| * Logistea AB LOGIa.ST: Kepler Cheuvreux raises PT to SEK 21 from SEK 20 |
| * Lottomatica LTMC.MI: Deutsche Bank raises PT to EUR 22.44 from EUR 21.44 |
| * Lottomatica Group LTMC.MI: Kepler Cheuvreux raises PT to EUR 24 from EUR 22 |
| * Natwest Group Plc NWG.L: Barclays raises target price to 620p from 580p |
| * Natwest Group Plc NWG.L: Jefferies raises target price to 530p from 520p |
| * Next Plc NXT.L: JP Morgan raises target price to 11,700p from 10,500p |
| * Next Plc NXT.L: Peel Hunt cuts to hold from buy; raises PT to 11,500p from 11,000p |
| * Nordisk Bergteknik AB (Publ) NORBb.ST: Kepler Cheuvreux cuts PT to SEK 17 from SEK 19 |
| * Novo Nordisk NOVOb.CO: BofA Global Research cuts price objective to DKK 850 from DKK 910 |
| * Novo Nordisk NOVOb.CO: UBS cuts target price to DKK 700 from DKK 750 |
| * NP3 NP3.ST: Kepler Cheuvreux raises target price to SEK 275 from SEK 265 |
| * Orsted ORSTED.CO: Citi cuts target to DKK 211 from 300 |
| * Orsted ORSTED.CO: Citi Dowgrades to sell ON balance sheet concerns, US outlook |
| * Orsted ORSTED.CO: Kepler Cheuvreux cuts target price to DKK 300 from DKK 350 |
| * Osb Group OSBO.L: Jefferies raises target price to 565p from 540p |
| * Raiffeisen Bank International AG RBIV.VI: Barclays raises PT to EUR 29 from EUR 28 |
| * Raiffeisen Bank International AG RBIV.VI: Citigroup raises PT to EUR 29.30 from EUR 29 |
| * Rathbones Group RAT.L: Peel Hunt cuts target price to 2,100p from 2,225p |
| * Rational AG RAAG.DE: HSBC cuts target price to EUR 750 from EUR 760 |
| * Rational AG RAAG.DE: HSBC raises to hold from reduce |
| * S4 Capital Plc SFOR.L: Peel Hunt cuts target price to 30p from 40p |
| * Safilo Group SpA SFLG.MI: Kepler Cheuvreux cuts PT to EUR 1.20 from EUR 1.30 |
| * Sats ASA SATSS.OL: Kepler Cheuvreux raises PT to NOK 42 from NOK 35 |
| * Schaeffler AG SHA0.DE: Kepler Cheuvreux raises PT to EUR 4.50 from EUR 4.10 |
| * Schibsted ASA SCHA.OL: Kepler Cheuvreux raises PT to NOK 405 from NOK 375 |
| * Scor SE SCOR.PA: Citigroup raises target price to EUR 31.46 from EUR 29.90 |
| * Scor SE SCOR.PA: Morgan Stanley raises target price to EUR 32.5 from EUR 31.8 |
| * Sensys Gatso Group AB SGG.ST: Kepler Cheuvreux cuts PT to SEK 72 from SEK 95 |
| * Siemens Healthineers AG SHLG.DE: Barclays cuts target price to EUR 62 from EUR 65 |
| * Siemens Healthineers AG SHLG.DE: Jefferies cuts target price to EUR 60 from EUR 65 |
| * Siemens Healthineers AG SHLG.DE: JP Morgan cuts target price to EUR 60.5 from EUR 69.1 |
| * Skanska AB SKAb.ST: Jefferies cuts to hold from buy; cuts PT to SEK 235 from SEK 245 |
| * Skanska AB SKAb.ST: Kepler Cheuvreux raises target price to SEK 260 from SEK 250 |
| * Swiss Life Holding SLHN.S: Barclays raises target price to CHF 809 from CHF 800 |
| * Telecom Italia TLIT.MI: New Street Research cuts to neutral from buy |
| * Telecom Plus TEP.L: Berenberg initiates coverage with buy rating; target price 2600p |
| * Telia TELIA.ST: JP Morgan raises target price to SEK 37 from SEK 36 |
| * Thg Plc THG.L: Jefferies cuts target price to 65p from 75p |
| * ThyssenKrupp Nucera AG & Co KGaA NCH2.DE: Citigroup cuts PT to EUR 17 from EUR 18 |
| * Tomra Systems TOM.OL: Kepler Cheuvreux cuts target price to NOK 164 from NOK 165 |
| * Tomra Systems TOM.OL: Kepler Cheuvreux raises to hold from reduce |
| * Trainline Plc TRNT.L: Barclays cuts target price to 270p from 325p |
| * Trainline Plc TRNT.L: JP Morgan cuts target price to 325p from 370p |
| * Tryg A/S TRYG.CO: UBS initiates coverage with buy rating and target price DKK 180 |
| * UBS Group AG UBSG.S: Morgan Stanley raises target price to CHF 28 from CHF 27 |
| * Vonovia SE VNAn.DE: JP Morgan raises target price to EUR 35.5 from EUR 34 |
| * Weir WEIR.L: UBS raises to buy from neutral |
| * Whitbread WTB.L: Citigroup raises target price to GBP 38 from GBP 33 |
| * Wolters Kluwer NV WLSNc.AS: Barclays raises target price to EUR 180 from EUR 170 |
| * Wolters Kluwer NV WLSNc.AS: Kepler Cheuvreux cuts target price to EUR 186 from EUR 193 |
