| * ABN Amro Bank NV ABNd.AS: Morgan Stanley raises target price to EUR 20 from EUR 16.6 |
| * Accor ACCP.PA: JP Morgan raises target price to EUR 58.50 from EUR 54 |
| * Admiral Group Plc ADML.L: HSBC raises target price to 3800p from 3300p |
| * Adyen NV ADYEN.AS: Morgan Stanley raises target price to EUR 2150 from EUR 2010 |
| * AIB Group Plc AIBG.I: Barclays raises target price to EUR 7.2 from EUR 6.3 |
| * AIB Group Plc AIBG.I: Morgan Stanley raises target price to EUR 7 from EUR 5.9 |
| * Air France Klm SA AIRF.PA: Morgan Stanley raises target price to EUR 8.5 from EUR 5.35 |
| * Akzo Nobel NV AKZO.AS: Goldman Sachs raises target price to EUR 75 from EUR 57 |
| * Akzo Nobel NV AKZO.AS: Goldman Sachs raises to buy from sell |
| * ALM. Brand Group ALMB.CO: HSBC raises target price to DKK 18.5 from DKK 18 |
| * Amadeus AMA.MC: HSBC raises target price to EUR 84 from EUR 82 |
| * Amplifon SpA AMPF.MI: Barclays cuts target price to EUR 32 from EUR 35 |
| * Amplifon SpA AMPF.MI: JP Morgan cuts target price to EUR 25.5 from EUR 33.7 |
| * Amplifon SpA AMPF.MI: Stifel cuts target price to EUR 22 from EUR 23.5 |
| * Aviva Plc AV.L: Barclays raises target price to 580p from 565p |
| * Azimut AZMT.MI: Barclays raises target price to EUR 22.5 from EUR 22 |
| * Azimut AZMT.MI: HSBC raises target price to EUR 27 from EUR 25.8 |
| * Banco BPM BAMI.MI: Morgan Stanley raises target price to EUR 11 from EUR 8.7 |
| * Banco Comercial Portugues SA BCP.LS: Barclays initiates coverage with overweight rating |
| * Banco Comercial Portugues SA BCP.LS: Barclays initiates coverage with target price EUR 0.69 |
| * Banco Comercial Portugues SA BCP.LS: Morgan Stanley raises target price to EUR 0.62 from EUR 0.58 |
| * Bank of Cyprus BOCH.CY: HSBC raises target price to EUR 7.65 from EUR 5.8 |
| * Bankinter BKT.MC: Morgan Stanley raises target price to EUR 10.4 from EUR 8.5 |
| * BASF BASFn.DE: Deutsche Bank raises target price to EUR 60 from EUR 55 |
| * BAWAG Group AG BAWG.VI: JP Morgan raises target price to EUR 120 from EUR 102 |
| * Belimo BEAN.S: UBS raises target price to CHF 445 from CHF 405 |
| * BNP Paribas BNPP.PA: Morgan Stanley raises target price to EUR 90 from EUR 80 |
| * Breedon Group BREE.L: Barclays raises target price to 584p from 540p |
| * Breedon Group BREE.L: Morgan Stanley cuts target price to 527p from 540p |
| * Breedon Group BREE.L: UBS raises target price to 550p from 470p |
| * Bucher Industries AG BUCN.S: Berenberg raises target price to CHF 458 from CHF 444 |
| * Caixabank SA CABK.MC: Morgan Stanley raises target price to EUR 7.5 from EUR 6.5 |
| * Campari CPRI.MI: Citigroup cuts target price to EUR 7.50 from EUR 7.75 |
| * Campari CPRI.MI: HSBC cuts target price to EUR 8.3 from EUR 8.7 |
| * Comet Group COTNE.S: Deutsche Bank cuts target price to CHF 330 from CHF 360 |
| * Commerzbank CBKG.DE: Morgan Stanley raises target price to EUR 30 from EUR 19 |
| * Credit Agricole S.A. CAGR.PA: Morgan Stanley raises target price to EUR 19 from EUR 17 |
| * CVC CVC.AS: Deutsche Bank raises target price to EUR 22.5 from EUR 22 |
| * CVC CVC.AS: Deutsche Bank raises to buy from hold |
| * Dalata DHG.I: Deutsche Bank raises target price to EUR 6 from EUR 4.6 |
| * Danske Bank DANSKE.CO: Morgan Stanley raises target price to DKK 310 from DKK 287 |
| * Deutsche Bank DBKGn.DE: Morgan Stanley raises target price to EUR 26 from EUR 22 |
| * Deutsche Telekom AG DTEGn.DE: Citigroup cuts target price to EUR 39 from EUR 40 |
| * DHL Group DHLn.DE: Deutsche Bank raises target price to EUR 50 from EUR 36 |
| * DHL Group DHLn.DE: Deutsche Bank raises to buy from hold |
| * DHL Group DHLn.DE: JP Morgan raises target price to EUR 50 from EUR 42.50 |
| * DNB DNB.OL: Morgan Stanley raises target price to NOK 280 from NOK 258 |
| * Dowlais Group Plc DWL.L: Citigroup raises target price to 72p from 58p |
| * Engie ENGIE.PA: HSBC raises target price to EUR 18.1 from EUR 17.3 |
| * Erste Group Bank AG ERST.VI: Morgan Stanley raises target price to EUR 80 from EUR 72 |
| * Eurocell Plc ECEL.L: Peel Hunt raises target price to 210p from 196p |
| * Eutelsat ETL.PA: Goldman Sachs raises target price to EUR 6.7 from EUR 1 |
| * Eutelsat ETL.PA: Goldman Sachs raises to neutral from sell |
| * Freenet AG FNTGn.DE: Deutsche Bank raises target price to EUR 39 from EUR 36 |
| * Geberit AG GEBN.S: Barclays raises target price to CHF 515 from CHF 500 |
| * Geberit AG GEBN.S: Jefferies raises target price to CHF 401 from CHF 393 |
| * Geberit AG GEBN.S: Morgan Stanley raises target price to CHF 432 from CHF 426 |
| * Generali GASI.MI: Barclays raises target price to EUR 24 from EUR 23 |
| * GFT Technologies SE GFTG.DE: Berenberg cuts target price to EUR 27 from EUR 28 |
| * Gjensidige Forsikring GJFG.OL: HSBC raises target price to NOK 190 from NOK 180 |
| * Greencoat Renewables GRPG.L: Barclays cuts target price to 105p from 117p |
| * H & M HMb.ST: UBS cuts target price to SEK 149 from SEK 187 |
| * H & M HMb.ST: UBS cuts to neutral from buy |
| * Handelsbanken SHBa.ST: Morgan Stanley raises target price to SEK 134 from SEK 132 |
| * Hapag-Lloyd AG HLAG.DE: JP Morgan cuts target price to EUR 75 from EUR 80 |
| * Hensoldt AG HAGG.DE: Kepler Cheuvreux cuts to reduce from hold |
| * Ibstock IBST.L: RBC raises target price to 210p from 200p |
| * IHG IHG.L: JP Morgan raises target price to 8,300p from 7,800p |
| * Informa Plc INF.L: Barclays cuts target price to 930p from 1000p |
| * ING Groep INGA.AS: Morgan Stanley raises target price to EUR 21 from EUR 17.5 |
| * Jensen-Group NV: KBC Securities raises target price to EUR 51.5 from EUR 50.0; rating ‘accumulate’ |
| * Jet2 Plc JET2.L: HSBC cuts target price to 2170p from 2220p |
| * Jost Werke SE JST.DE: Berenberg raises target price to EUR 62 from EUR 52 |
| * Julius Baer BAER.S: Morgan Stanley raises target price to CHF 67 from CHF 59 |
| * KBC Group NV KBC.BR: Morgan Stanley raises target price to EUR 100 from EUR 91 |
| * Kenmare Resources Plc KMR.I: Berenberg raises target price to 580p from 350p |
| * Kenmare Resources Plc KMR.I: Berenberg raises to buy from hold |
| * Kingspan Group Plc KSP.I: Citigroup raises target price to EUR 88 from EUR 67 |
| * Kion Group AG KGX.DE: Citigroup maintains buy rating; price target EUR 60 |
| * Maersk MAERSKb.CO: JP Morgan cuts target price to DKK 7850 from DKK 8450 |
| * Mediobanca Banca Di Credito Finanziario MDBI.MI: Morgan Stanley raises PT to EUR 21 from EUR 20 |
| * Melia Hotels MEL.MC: Deutsche Bank raises target price to EUR 9.5 from EUR 9 |
| * Melia Hotels MEL.MC: UBS raises target price to EUR 7.15 from EUR 6.8 |
| * Merck KGaA MRCG.DE: UBS cuts target price to EUR 180 from EUR 190 |
| * National Bank of Greece SA NBGr.AT: Morgan Stanley raises PT to EUR 10.66 from EUR 9.05 |
| * Neste Oyj NESTE.HE: Berenberg cuts target price to EUR 10 from EUR 19 |
| * Neste Oyj NESTE.HE: Berenberg cuts to hold from buy |
| * Nordea Bank Abp NDAFI.HE: Morgan Stanley raises target price to EUR 15.5 from EUR 14.2 |
| * Pernod Ricard PERP.PA: Citigroup cuts target price to EUR 128 from EUR 135 |
| * Piraeus Bank SA BOPr.AT: Morgan Stanley raises target price to EUR 6.14 from EUR 4.96 |
| * Piraeus Bank SA BOPr.AT: Morgan Stanley raises to overweight from equal weight |
| * Reckitt RKT.L: Berenberg raises target price to 5,920p from 5,177p |
| * Remy Cointreau RCOP.PA: Citigroup cuts target price to EUR 95 from EUR 100 |
| * Rentokil Initial RTO.L: Deutsche Bank cuts target price to 465p from 485p |
| * Rolls-Royce RR.L: UBS raises target price to 1000p from 640p |
| * Salvatore Ferragamo SpA SFER.MI: Morgan Stanley cuts target price to EUR 6 from EUR 7 |
| * Schroders SDR.L: Deutsche Bank raises target price to 400p from 375p |
| * Schroders Plc SDR.L: Barclays raises target price to 440p from 405p |
| * Scor SCOR.PA: Citigroup raises target price to EUR 29.9 from EUR 26.9 |
| * Scor SCOR.PA: HSBC raises target price to EUR 31 from EUR 27 |
| * Severn Trent SVT.L: Deutsche Bank cuts target price to 2600p from 2700p |
| * Siltronic AG WAFGn.DE: Citigroup cuts target price to EUR 70 from EUR 85 |
| * Societe Generale SOGN.PA: Morgan Stanley raises target price to EUR 51 from EUR 44 |
| * Spire Healthcare Group Plc SPI.L: Deutsche Bank cuts target price to 300p from 320p |
| * Swedbank SWEDa.ST: Morgan Stanley raises target price to SEK 263 from SEK 241 |
| * Technip Energies NV TE.PA: Berenberg raises target price to EUR 33 from EUR 27.5 |
| * ThyssenKrupp TKAG.DE: Citigroup raises target price to EUR 11 from EUR 8.5 |
| * TUI AG TUI1N.DE: HSBC raises target price to EUR 10.9 from EUR 10.2 |
| * UMG UMG.AS: Barclays raises target price to EUR 28 from EUR 26 |
| * UMG UMG.AS: Guggenheim raises target price to EUR 27 from EUR 25.50 |
| * Unicaja Banco SA UNI.MC: Morgan Stanley raises target price to EUR 1.45 from EUR 1.2 |
| * Unicredit S.P.A. CRDI.MI: Morgan Stanley raises target price to EUR 55.5 from EUR 47 |
| * Universal Music Group UMG.AS: Barclays raises target price to EUR 28 from EUR 26 |
| * Universal Music Group UMG.AS: UBS cuts target price to EUR 30 from EUR 31 |
| * Weir Group WEIR.L: JP Morgan raises target price to 2800p from 2600p |
| * Whitbread WTB.L: JP Morgan cuts target price to 3,000p from 4,400p |
| * Whitbread WTB.L: JP Morgan cuts to neutral from overweight |
| * Zalando ZALG.DE: Deutsche Bank cuts target price to EUR 38 from EUR 40 |
| * Zalando SE ZALG.DE: Berenberg raises target price to EUR 44 from EUR 38 |
| * Zalando SE ZALG.DE: Bernstein raises target price to EUR 23 from EUR 21 |
| * Zalando SE ZALG.DE: Morgan Stanley raises target price to EUR 28.5 from EUR 27 |
| * Zalando SE ZALG.DE: UBS raises target price to EUR 42 from EUR 40 |
