| * A.P. Moller-Maersk MAERSKb.CO: Deutsche Bank ups PT to DKK 12970 from DKK 11909 |
| * Admiral ADML.L: RBC cuts target price to 3600p from 4100p |
| * Admiral ADML.L: UBS cuts to neutral from buy; cuts PT to 3300p from 3950p |
| * ADP ADP.PA: Jefferies cuts to hold from buy; raises PT to EUR 134 from EUR 125 |
| * Ambu A/S AMBUb.CO: Bernstein cuts target price to DKK 119.50 from DKK 125.10 |
| * Anglo American AAL.L: Berenberg raises target price to 3400p from 3100p |
| * Antofagasta ANTO.L: Berenberg raises target price to 3300p from 2900p |
| * Ashtead Group Plc AHT.L: Keybanc raises to overweight from sector weight |
| * Assa Abloy AB ASSAb.ST: Morgan Stanley raises target price to SEK 355 from SEK 350 |
| * Atalaya Mining Copper SA ATYM.L: Berenberg raises target price to 930p from 760p |
| * Bank of Cyprus BOCH.CY: HSBC raises target price to EUR 11.4 from EUR 7.65 |
| * Bank of Cyprus BOCH.CY: HSBC raises target price to EUR 11.4 from EUR 7.65 |
| * Beiersdorf AG BEIG.DE: Jefferies cuts target price to EUR 99 from EUR 101 |
| * BHP Group BHPB.L: Berenberg raises target price to 2000p from 1900p |
| * Boliden BOL.ST: Berenberg raises target price to SEK 530 from SEK 460 |
| * Bouygues BOUY.PA: New Street Research raises target price to EUR 56 from EUR 54 |
| * BT BT.L: New Street Research raises target price to 240p from 220p |
| * Bunzl BNZL.L: JP Morgan cuts target price to 2,580p from 2,690p |
| * Cellnex CLNX.MC: New Street Research raises target price to EUR 34 from EUR 28.5 |
| * Cellnex CLNX.MC: New Street Research raises to buy rating |
| * Clariant CLN.S: Deutsche Bank cuts target price to CHF 7.7 from CHF 8.1 |
| * Colruyt NV COLR.BR: Degroof Petercam cuts target price to EUR 36 from EUR 43 |
| * Danieli & C Officine Meccaniche SpA DANI.MI: Alphavalue raises to add from reduce |
| * Demant DEMANT.CO: Bernstein cuts target price to DKK 273 from DKK 303 |
| * Deutsche Telekom AG DTEGn.DE: New Street Research ups PT to EUR 43 from EUR 40 |
| * Dsm-Firmenich AG DSFIR.AS: Citigroup cuts target price to EUR 106 from EUR 107 |
| * Ecora Resources Plc ECORE.L: Berenberg raises target price to 150p from 120p |
| * Elisa ELISA.HE: New Street Research cuts target price to EUR 40 from EUR 45 |
| * Endeavour Mining Plc EDV.L: Berenberg raises target price to 4600p from 4300p |
| * Fevara Plc FVAF.L: Canaccord Genuity raises target price to 190p from 170p |
| * Generali GASI.MI: UBS reinstate coverage with buy rating; PT EUR 40 vs EUR 23.7 |
| * Getinge GETIb.ST: Bernstein raises target price to SEK 240 from SEK 229 |
| * Glencore GLEN.L: Berenberg raises to buy from hold; ups PT to 480p from 350p |
| * Grainger GRI.L: Barclays cuts target price to 210p from 225p |
| * Grenergy GREG.MC: UBS raises target price to EUR 100 from EUR 94 |
| * Griffin Mining Ltd GFM.L: Berenberg raises target price to 250p from 240p |
| * Hansa Biopharma AB HNSA.ST: Leerink Partners cuts PT to SEK 93 from SEK 102 |
| * Hapag-Lloyd HLAG.DE: Deutsche Bank cuts target price to EUR 114 from EUR 124 |
| * Helvetia Baloise Holding AG HBANC.S: Berenberg initiates coverage with buy rating |
| * Helvetia Baloise Holding AG HBANC.S: Berenberg initiates coverage with PT CHF 250 |
| * Hochschild HOCM.L: Berenberg raises target price to 430p from 400p |
| * Hochschild Mining Plc HOCM.L: UBS cuts to neutral from buy |
| * Hochschild Mining Plc HOCM.L: UBS raises target price to 480p from 460p |
| * Hunting Plc HTG.L: Jefferies cuts to hold from buy |
| * IG Group IGG.L: Deutsche Bank raises target price to 1375p from 1300p |
| * Infrastrutture Wireless Italiane INWT.MI: New Street Research raises to buy rating |
| * Infrastrutture Wireless Italiane INWT.MI: New Street Research ups PT to EUR 11.8 from EUR 11 |
| * Kenmare Resources Plc KMR.L: Berenberg cuts target price to 290p from 300p |
| * Kerry Group KYGa.I: UBS cuts target price to EUR 84 from EUR 87 |
| * Koninklijke Philips PHG.AS: Barclays cuts target price to EUR 28 from EUR 29 |
| * Koninklijke Philips PHG.AS: Bernstein resumes coverage with market perform rating |
| * Koninklijke Philips PHG.AS: Bernstein resumes coverage with price target EUR 22.70 |
| * Koninklijke Philips PHG.AS: RBC initiates coverage with sector perform rating; PT EUR 25 |
| * Leroy Seafood Group ASA LSG.OL: Barclays raises target price to NOK 52 from NOK 48 |
| * Leroy Seafood Group ASA LSG.OL: Barclays raises to equal-weight from underweight |
| * M&G MNG.L: UBS cuts to neutral from buy; raises target price to 290p from 275p |
| * Metlen Energy & Metals Plc MTLN.L: Berenberg raises PT to EUR 63 from EUR 60 |
| * Mowi MOWI.OL: Barclays raises target price to NOK 260 from NOK 210 |
| * Mowi MOWI.OL: Barclays raises to overweight from equal-weight |
| * Munich Re MUVGn.DE: RBC raises target price to EUR 600 from EUR 580 |
| * Nemetschek NEKG.DE: Deutsche Bank cuts target price to EUR 110 from EUR 115 |
| * Norwegian Air SHUTTLE: Pareto Securities cuts to hold from buy |
| * Orange Belgium NV OBEL.BR: New Street Research ups PT to EUR 21.6 from EUR 19.8 |
| * Pan African Resources Plc PAFR.L: Berenberg raises target price to 125p from 112p |
| * Pandora A/S PNDORA.CO: HSBC cuts target price to DKK 790 from DKK 960 |
| * Pandora A/S PNDORA.CO: HSBC cuts target price to DKK 790 from DKK 960 |
| * Pernod Ricard PERP.PA: Deutsche Bank cuts target price to EUR 75 from EUR 80 |
| * Pernod Ricard PERP.PA: Jefferies cuts target price to EUR 110 from EUR 120 |
| * Pernod Ricard SA PERP.PA: Morgan Stanley cuts target price to EUR 80 from EUR 84 |
| * Phoenix PHNX.L: UBS raises to buy from neutral; raises PT to 770p from 670p |
| * Reckitt Benckiser RKT.L: UBS raises target price to 7800p from 7700p |
| * Resolute Mining Ltd RSGR.L: Berenberg raises target price to 74p from 64p |
| * Rio Tinto RIO.L: Berenberg raises target price to 5300p from 5200p |
| * Salmar ASA SALM.OL: Barclays raises target price to NOK 600 from NOK 530 |
| * Salmar ASA SALM.OL: Barclays raises to equal-weight from underweight |
| * Serco Group Plc SRP.L: JP Morgan raises target price to 292p from 278p |
| * Serco Group Plc SRP.L: RBC raises target price to 290p from 280p |
| * Siemens Healthineers SHLG.DE: RBC initiates coverage with outperform rating |
| * Siemens Healthineers SHLG.DE: RBC initiates coverage with target price EUR 55 |
| * Siemens Healthineers AG SHLG.DE: Bernstein resumes coverage with outperform rating |
| * Siemens Healthineers AG SHLG.DE: Bernstein resumes coverage with PT EUR 52.90 |
| * SKF SKFb.ST: JP Morgan cuts target price to SEK 245 from SEK 250 |
| * Smith Nephew Plc SN.L: Bernstein resumes coverage with market perform rating |
| * Smith Nephew Plc SN.L: Bernstein resumes coverage with price target 1355p |
| * Societe Generale SA SOGN.PA: BofA Global Research raises PT to EUR 85 from EUR 66 |
| * Sonova Holding AG SOON.S: Bernstein cuts target price to CHF 256 from CHF 278 |
| * SSP Group Plc SSPG.L: Berenberg raises target price to 230p from 109p |
| * Sunrise Communications SUNN.S: New Street Research cuts PT to CHF 39 from CHF 43 |
| * Suedzucker SZUG.DE: Alphavalue cuts to sell from reduce |
| * Swiss Re AG SRENH.S: UBS cuts to neutral from buy; cuts PT to CHF 135 from CHF 150 |
| * Swisscom AG SCMN.S: New Street Research ups PT to CHF 607 from CHF 575 |
| * Tecan Group AG TECN.S: Bernstein cuts target price to CHF 124.10 from CHF 166.80 |
| * Tele2 AB TEL2b.ST: New Street Research raises target price to SEK 170 from SEK 149 |
| * Tele2 AB TEL2b.ST: New Street Research raises to buy rating |
| * Telefonica TEF.MC: New Street Research cuts target price to EUR 2.9 from EUR 4.4 |
| * Telefonica TEF.MC: New Street Research cuts to reduce rating |
| * Telenor TEL.OL: New Street Research cuts target price to NOK 150 from NOK 170 |
| * Telia TELIA.ST: New Street Research raises target price to SEK 48 from SEK 40 |
| * Truecaller AB TRUEb.ST: Deutsche Bank cuts target price to SEK 21 from SEK 31 |
| * United Internet AG UTDI.DE: New Street Research raises PT to EUR 32 from EUR 30 |
| * Valterra Platinum Ltd VALT.L: Berenberg raises target price to 4600p from 3200p |
| * Victoria Plc VCP.L: Berenberg cuts target price to 100p from 170p |
| * Victrex Plc VCTX.L: JP Morgan cuts target price to 725p from 818p |
| * Vienna Insurance Group VIGR.VI: UBS raises target price to EUR 72 from EUR 65.4 |
| * Vodafone VOD.L: New Street Research raises target price to 130p from 120p |
| * Wheaton Precious Metals Corp WPM.L: Berenberg raises PT to 11200p from 9700p |
| * Yellow Cake Plc YCA.L: Berenberg raises target price to 704p from 668p |
| * Zegona Communications Plc ZEG.L: New Street Research ups PT to 1510p from 1340p |
