| * 3I Group Plc III.L: Barclays raises target price to 4,580p from 4,285p |
| * AAK AB (Publ) AAK.ST: Berenberg cuts target price to SEK 277 from SEK 303 |
| * Aberdeen ABDN.L: Barclays cuts target price to 150p from 155p |
| * Adyen NV ADYEN.AS: Berenberg cuts target price to EUR 1,600 from EUR 1,700 |
| * Adyen NV ADYEN.AS: Goldman Sachs removes stock from its European conviction list |
| * Adyen NV ADYEN.AS: Monness Crespi Hardt raises PT to EUR 1,700 from EUR 1,600 |
| * Aedifica NV AOO.BR: Exane BNP Paribas raises target price to EUR 70 |
| * Aena AENA.MC: Barclays raises target price to EUR 240 from EUR 232 |
| * Aena AENA.MC: Morgan Stanley raises target price to EUR 240 from EUR 232 |
| * Airbus AIR.PA: UBS cuts target price to EUR 155 from EUR 175 |
| * ArcelorMittal SA MT.LU: Morgan Stanley raises target price to EUR 30 from EUR 29.70 |
| * ASM International NV ASMI.AS: HSBC cuts target price to EUR 560 from EUR 640 |
| * ASM International NV ASMI.AS: HSBC raises to buy from hold |
| * ASMI ASMI.AS: Berenberg cuts target price to EUR 635 from EUR 730 |
| * Barclays Bank BARC.L: Morgan Stanley raises target price to 360p from 350p |
| * Bayer AG BAYGn.DE: BofA Global Research raises price objective to EUR 30 from EUR 27 |
| * Bayer AG BAYGn.DE: BofA Global Research raises to buy from neutral |
| * Belimo Holding AG BEAN.S: HSBC raises target price to CHF 830 from CHF 760 |
| * Borregaard ASA BRGB.OL: Berenberg cuts target price to NOK 205 from NOK 230 |
| * Borregaard ASA BRGB.OL: Berenberg cuts to hold from buy |
| * Bucher Industries AG BUCN.S: Berenberg raises target price to CHF 462 from CHF 458 |
| * Bunzl BNZL.L: UBS cuts target price to 2,200p from 2,900p |
| * Caixabank SA CABK.MC: Barclays raises target price to EUR 6.70 from EUR 6.20 |
| * Capgemini CAPP.PA: UBS cuts target price to EUR 173 from EUR 220 |
| * Clariant CLN.S: Deutsche Bank cuts target price to CHF 10 from CHF 10.50 |
| * Clariant AG CLN.S: Berenberg cuts target price to CHF 9.80 from CHF 10 |
| * Clarkson Plc CKN.L: Deutsche Bank cuts target price to 4,150p from 5,100p |
| * Cofinimmo SA COFB.BR: Exane BNP Paribas raises to neutral from underperform |
| * Continental CONG.DE: UBS raises target price to EUR 100 from EUR 78 |
| * Currys Plc CURY.L: Deutsche Bank raises target price to 130p from 95p |
| * Currys Plc CURY.L: Deutsche Bank raises to buy from hold |
| * Deutsche Boerse AG DB1Gn.DE: JP Morgan cuts target price to EUR 249 from EUR 251 |
| * Deutsche Lufthansa AG LHAG.DE: Deutsche Bank cuts target price to EUR 7 from EUR 8 |
| * Deutsche Pfandbriefbank AG PBBG.DE: HSBC cuts target price to EUR 7.10 from EUR 7.50 |
| * DR ING HC F Porsche AG P911_p.DE: Citigroup cuts target price to EUR 58 from EUR 60 |
| * DSV DSV.CO: Morgan Stanley resumes coverage with overweight rating |
| * DSV DSV.CO: Morgan Stanley resumes coverage with price target DKK 1,750 |
| * Elementis Plc ELM.L: Jefferies cuts target price to 175p from 200p |
| * Endeavour Mining EDV.L: UBS raises target price to 2,800p from 2,500p |
| * Endeavour Mining Plc EDV.L: Berenberg raises target price to 2,900p from 2,800p |
| * Evolution EVOG.ST: Berenberg cuts target price to SEK 662 from SEK 785 |
| * Evolution Gaming EVOG.ST: Barclays cuts target price to SEK 900 from SEK 1100 |
| * Gjensidige Forsikring GJFG.OL: HSBC raises target price to NOK 200 from NOK 190 |
| * GN Store Nord GN.CO: JP Morgan cuts target price to DKK 135 from DKK 233 |
| * GN Store Nord GN.CO: JP Morgan cuts to neutral from overweight |
| * GN Store Nord A/S GN.CO: Barclays cuts target price to DKK 135 from DKK 160 |
| * Haleon HLN.L: UBS raises target price to 460p from 443p |
| * Hannover Rueck SE HNRGn.DE: BofA Global Research reinstates coverage with neutral rating |
| * Hannover Rueck SE HNRGn.DE: BofA Global Research reinstates coverage with price objective EUR 295 |
| * Hexagon HEXAb.ST: Citigroup cuts target price to SEK 105 from SEK 124 |
| * Hexagon HEXAb.ST: JP Morgan cuts target price to SEK 110 from SEK 130 |
| * Hollywood Bowl Group Plc BOWL.L: RBC cuts target price to 415p from 420p |
| * Infineon Technologies AG IFXGn.DE: Morgan Stanley cuts PT to EUR 38 from EUR 40 |
| * Informa Plc INF.L: Deutsche Bank cuts target price to 1,000p from 1,041p |
| * J Sainsbury Plc SBRY.L: Morgan Stanley raises target price to 255p from 250p |
| * Jupiter JUP.L: Deutsche Bank raises target price to 65p from 60p |
| * Kerry Group KYGa.I: UBS cuts target price to EUR 105 from EUR 108 |
| * Kerry Group KYGa.L: Barclays cuts target price to 10,700p from 11,000p |
| * Kone Corporation KNEBV.HE: Deutsche Bank raises target price to EUR 51 from EUR 46 |
| * Landsec LAND.L: UBS raises target price to 720p from 710p |
| * Liontrust LIO.L: Deutsche Bank raises target price to 360p from 330p |
| * Lloyds Banking Group LLOY.L: UBS raises target price to 74p from 72p |
| * LSEG LSEG.L: Deutsche Bank raises target price to 12,900p from 12,600p |
| * LSEG LSEG.L: JP Morgan cuts target price to 13300p from 13670p |
| * LSEG LSEG.L: UBS cuts target price to 13,400p from 13,600p |
| * LVMH LVMH.PA: Barclays cuts to equal weight from overweight |
| * Man Group EMG.L: Deutsche Bank raises target price to 230p from 225p |
| * Mercedes-Benz Group AG MBGn.DE: Berenberg cuts target price to EUR 58 from EUR 63 |
| * Mercedes-Benz Group AG MBGn.DE: Bernstein cuts target price to EUR 57 from EUR 62 |
| * Munich Re MUVGn.DE: BofA Global Research reinstates coverage with PT EUR 600 |
| * Munich Re MUVGn.DE: BofA Global Research reinstates coverage with underperform rating |
| * Natwest Group NWG.L: BofA Global Research raises price objective to 530p from 500p |
| * Nemetschek SE NEKG.DE: Baader Helvea raises target price to EUR 124 from EUR 122 |
| * Nemetschek SE NEKG.DE: Berenberg raises target price to EUR 108 from EUR 100 |
| * Nestle SA NESN.S: Morgan Stanley cuts target price to CHF 77 from CHF 79 |
| * Nexans NEXS.PA: Berenberg cuts target price to EUR 120 from EUR 130 |
| * Next Plc NXT.L: Barclays raises target price to 11,750p from 9,875p |
| * Nordic Semiconductor ASA NOD.OL: UBS cuts target price to NOK 115 from NOK 146 |
| * Novartis AG NOVN.S: Berenberg raises target price to CHF 89 from CHF 86 |
| * Polar Capital POLR.L: Deutsche Bank raises target price to 440p from 415p |
| * Renk AG R3NK.DE: Deutsche Bank raises target price to EUR 55 from EUR 45 |
| * Rotork Plc ROR.L: JP Morgan cuts target price to 380p from 390p |
| * Sandoz Group AG SDZ.S: Berenberg cuts target price to CHF 39 from CHF 41 |
| * Santander SAN.MC: UBS raises target price to EUR 7.25 from EUR 7.15 |
| * Sap SE SAPG.DE: Jefferies raises target price to EUR 300 from EUR 280 |
| * Schindler Group SCHN.S: Deutsche Bank raises target price to CHF 284 from CHF 259 |
| * Schroders SDR.L: Deutsche Bank cuts target price to 370p from 380p |
| * Scor SCOR.PA: BofA Global Research reinstates coverage with buy rating |
| * Scor SCOR.PA: BofA Global Research reinstates coverage with price objective EUR 32 |
| * SIG Group AG SIGNC.S: Berenberg cuts target price to CHF 21 from CHF 22 |
| * Siltronic AG WAFGn.DE: Berenberg cuts target price to EUR 40 from EUR 47 |
| * Siltronic AG WAFGn.DE: Citigroup cuts target price to EUR 57 from EUR 70 |
| * SKF SKFB.ST: HSBC cuts target price to SEK 250 from SEK 275 |
| * Smurfit Westrock SWR.L: Deutsche Bank cuts target price to 3,750p from 4,200p |
| * Solvay SOLB.BR: Exane BNP Paribas raises target price to EUR 32 from EUR 28 |
| * Solvay SOLB.BR: Exane BNP Paribas raises to neutral from underperform |
| * Spectris Plc SXS.L: JP Morgan cuts target price to 2900p from 3350p |
| * Stellantis NV STLAM.MI: Citigroup cuts target price to EUR 9 from EUR 11 |
| * Straumann STMN.S: UBS raises target price to CHF 96 from CHF 95 |
| * Swedbank SWEDa.ST: Jefferies raises target price to SEK 230 from SEK 220 |
| * Swedbank SWEDa.ST: Morgan Stanley cuts target price to SEK 237 from SEK 263 |
| * Swiss Re AG SRENH.S: BofA Global Research reinstates coverage with neutral rating |
| * Swiss Re AG SRENH.S: BofA Global Research reinstates coverage with PT CHF 165 |
| * Synthomer SYNTS.L: Jefferies cuts target price to 107p from 140p |
| * Synthomer Plc SYNTS.L: UBS cuts target price to 100p from 185p |
| * Talanx AG TLXGn.DE: Morgan Stanley raises target price to EUR 114 from EUR 96 |
| * Talanx AG TLXGn.DE: Morgan Stanley raises to overweight from equal weight |
| * Tele2 AB TEL2b.ST: Goldman Sachs adds stock to its European conviction list |
| * Teleperformance TEPRF.PA: Morgan Stanley cuts target price to EUR 142 from EUR 148 |
| * Tesco TSCO.L: Goldman Sachs removes stock from its European conviction list |
| * Tofas TOASO.IS: HSBC raises target price to TRY 300 from TRY 220 |
| * Tofas TOASO.IS: HSBC raises to buy from hold |
| * Unipol Assicurazioni SpA UNPI.MI: Berenberg raises PT to EUR 17.7 from EUR 15.8 |
| * Valeo VLOF.PA: Citigroup cuts target price to EUR 10 from EUR 10.50 |
| * Wacker Chemie AG WCHG.DE: Berenberg cuts target price to EUR 75 from EUR 85 |
| * Wacker Chemie AG WCHG.DE: Jefferies cuts target price to EUR 81 from EUR 100 |
| * WH Smith Plc SMWH.L: UBS cuts target price to 1,000p from 1,580p |
| * Wise Plc WISEa.L: Goldman Sachs adds stock to its European conviction list |
| * Wolters Kluwer NV WLSNc.AS: JP Morgan cuts target price to EUR 145 from EUR 155 |
