| * ACS ACS.MC: Exane BNP Paribas raises to outperform from neutral |
| * Adidas AG ADSGn.DE: Deutsche Bank cuts target price to EUR 230 from EUR 280 |
| * Airbus SE AIR.PA: JP Morgan raises target price to EUR 255 from EUR 240 |
| * Antofagasta ANTO.L: RBC raises target price to 2,600p from 1,900p |
| * Applied Nutrition APNA.L: Deutsche Bank raises target price to 235p from 210p |
| * ASML ASML.AS: Deutsche Bank raises target price to EUR 1,150 from EUR 1,000 |
| * ASML Holding NV ASML.AS: Citigroup raises target price to EUR 1,200 from EUR 1,050 |
| * AstraZeneca AZN.L: HSBC raises target price to 16500p from 14640p |
| * Atalaya Mining Copper SA ATYM.L: RBC raises target price to 1,000p from 800p |
| * Aumovio AMV0n.DE: Barclays initiates coverage with target price EUR 60 |
| * Aumovio AMV0n.DE: Barclays initiates coverage with overweight rating |
| * B&M BMEB.L: Deutsche Bank cuts target price to 180p from 235p |
| * B&M BMEB.L: Deutsche Bank cuts to hold from buy |
| * Babcock International BAB.L: JP Morgan raises target price to 1600p from 1500p |
| * Bayer BAYGN.DE: HSBC raises target price to EUR 40 from EUR 34 |
| * Belimo Holding AG BEAN.S: Morgan Stanley raises target price to CHF 873 from CHF 845 |
| * Belimo Holding AG BEAN.S: Morgan Stanley raises to equal-weight from underweight |
| * Berkeley Group BKGH.L: RBC raises target price to 3,900p from 3,700p |
| * BFF Bank BFF.MI: Deutsche Bank cuts to hold from buy |
| * Boliden BOL.ST: RBC raises target price to SEK 550 from SEK 500 |
| * Breedon Group Plc BREE.L: Morgan Stanley cuts target price to 448p from 474p |
| * Brenntag SE BNRGn.DE: Berenberg cuts target price to EUR 48 from EUR 51 |
| * British American Tobacco Plc BATS.L: Morgan Stanley raises PT to 3,050p from 3,000p |
| * Buzzi BZU.MI: Morgan Stanley cuts to equal weight from overweight |
| * Buzzi BZU.MI: Morgan Stanley raises target price to EUR 55 from EUR 53 |
| * Central Asia Metals Plc CAML.L: RBC raises target price to 220p from 180p |
| * Continental CONG.DE: Barclays cuts to equal-weight from overweight |
| * Continental CONG.DE: Barclays raises target price to EUR 70 from EUR 66 |
| * Danske Bank DANSKE.CO: Barclays raises target price to DKK 343 from DKK 297 |
| * DNB DNB.OL: Barclays raises target price to NOK 289 from NOK 280 |
| * DSV DSV.CO: BofA Global Research raises price objective to DKK 2,100 from DKK 1,975 |
| * Ecora Resources Plc ECORE.L: RBC raises target price to 150p from 140p |
| * Endeavour Mining Plc EDV.L: RBC raises target price to 4,700p from 3,500p |
| * Entain ENT.L: Kepler Cheuvreux initiates coverage with hold rating |
| * Entain ENT.L: Kepler Cheuvreux initiates coverage with target price 800p |
| * Exosens Sas EXENS.PA: JP Morgan raises target price to EUR 60 from EUR 54 |
| * Ferrari RACE.MI: Jefferies cuts target price to EUR 310 from EUR 345 |
| * Ferrari RACE.MI: Morgan Stanley initiates coverage with equal weight rating |
| * Ferrari RACE.MI: Morgan Stanley initiates coverage with target price EUR 367 |
| * Firstgroup Plc FGP.L: RBC raises target price to 245p from 235p |
| * Forvia FRVIA.PA: Barclays raises target price to EUR 18 from EUR 15 |
| * Fraport FRAG.DE: Exane BNP Paribas cuts to neutral from outperform |
| * Gerresheimer AG GXIG.DE: Exane BNP Paribas cuts to underperform from neutral |
| * Glencore GLEN.L: RBC raises target price to 430p from 320p |
| * Groupe ADP ADP.PA: Morgan Stanley raises target price to EUR 140 from EUR 139 |
| * GSK GSK.L: HSBC raises target price to 1500p from 1200p |
| * Heidelberg Materials HEIG.DE: Morgan Stanley cuts to underweight from equal-weight |
| * Heidelberg Materials HEIG.DE: Morgan Stanley raises target price to EUR 216 from EUR 211 |
| * Hensoldt AG HAGG.DE: JP Morgan cuts target price to EUR 90 from EUR 100 |
| * Hochschild HOCM.L: RBC raises target price to 590p from 390p |
| * Hochtief AG HOTG.DE: Exane BNP Paribas raises to outperform from neutral |
| * Holcim AG HOLN.S: Morgan Stanley cuts to equal-weight from overweight |
| * Holcim AG HOLN.S: Morgan Stanley raises target price to CHF 80 from CHF 78 |
| * HSBC HSBA.L: BofA Global Research raises price objective to 1,300p from 1,160p |
| * HSBC HSBA.L: BofA Global Research raises to buy from neutral |
| * Hydro NHY.OL: RBC raises target price to NOK 82 from NOK 77 |
| * Informa INF.L: JP Morgan raises target price to 1345p from 1120p |
| * ITV ITV.L: JP Morgan cuts target price to 103p from 105p |
| * Kingfisher KGF.L: Deutsche Bank cuts target price to 255p from 285p |
| * Kingfisher KGF.L: Deutsche Bank cuts to sell from hold |
| * Kingfisher Plc KGF.L: UBS raises target price to 305p from 290p |
| * Kingspan Group Plc KSP.I: Morgan Stanley raises target price to EUR 84 from EUR 83 |
| * Kion Group AG KGX.DE: Alphavalue raises target price to EUR 73 from EUR 62 |
| * Kistos Holdings Plc KIST.L: Panmure Liberum raises target price to 431p from 307p |
| * Leonardo SpA LDOF.MI: JP Morgan raises target price to EUR 63 from EUR 58 |
| * Lottomatica Group SpA LTMC.MI: BofA Global Research initiates coverage with buy rating |
| * Lottomatica Group SpA LTMC.MI: BofA Global Research initiates coverage with PT EUR 29 |
| * M6 MMTP.PA: JP Morgan cuts target price to EUR 13 from EUR 15.1 |
| * M6 MMTP.PA: JP Morgan cuts to underweight from neutral |
| * Magnum ICE Cream Company MICCT.AS: Barclays initiates coverage with equal-weight rating |
| * Magnum ICE Cream Company MICCT.AS: Barclays initiates coverage with PT EUR 13.70 |
| * Magnum ICE Cream Company MICCT.AS: Morgan Stanley initiates coverage with overweight rating |
| * Magnum ICE Cream Company MICCT.AS: Morgan Stanley initiates coverage with overweight rating |
| * Magnum ICE Cream Company MICCT.AS: Morgan Stanley initiates coverage with PT 1,440p |
| * Magnum ICE Cream Company MICCT.AS: Morgan Stanley initiates coverage with PT EUR 16.5 |
| * Medincell SA: TP ICAP Midcap raises target price to EUR 35 from EUR 30 |
| * Medincell SA: TP ICAP Midcap raises to 'buy' from 'hold' |
| * Michelin MICP.PA: Alphavalue cuts to add from buy |
| * Money Group.PLC MONY.L: Berenberg cuts target price to 275p from 300p |
| * Netcall Plc NETC.L: Berenberg raises target price to 165p from 155p |
| * Nordea NDAFI.HE: Barclays raises PT to EUR 13.50 from EUR 11.80 |
| * Novartis NOVN.S: HSBC raises target price to CHF 89 from CHF 84 |
| * Novo Nordisk NOVOB.CO: HSBC raises target price to DKK 350 from DKK 300 |
| * OCI NV OCI.AS: HSBC cuts target price to EUR 3.5 from EUR 5.5 |
| * Pearson PSON.L: JP Morgan raises target price to 1440p from 1330p |
| * Princes Group Plc PRN.L: Kepler Cheuvreux initiates coverage with buy rating |
| * Princes Group Plc PRN.L: Kepler Cheuvreux initiates coverage with PT 600p |
| * Princes Group Plc PRN.L: Peel Hunt initiates coverage with buy rating |
| * Princes Group Plc PRN.L: Peel Hunt initiates coverage with price target 560p |
| * Relx REL.L: JP Morgan raises target price to 5070p from 4920p |
| * Restore Plc RSTP.L: Berenberg raises target price to 380p from 360p |
| * Rio Tinto RIO.L: RBC raises target price to 5,900p from 4,900p |
| * Roche Holding AG ROG.S: HSBC raises target price to CHF 365 from CHF 320 |
| * Rockwool ROCKb.CO: Morgan Stanley cuts target price to DKK 272 from DKK 299 |
| * Rolls Royce RR.L: JP Morgan raises target price to 1320p from 1245p |
| * RTL Group SA RRTL.DE: JP Morgan cuts target price to EUR 34 from EUR 38 |
| * RTL Group SA RRTL.DE: JP Morgan cuts to underweight from neutral |
| * Safran SAF.PA: JP Morgan raises target price to EUR 375 from EUR 350 |
| * Sage Group SGE.L: Barclays cuts PT to 1,000p from 1,050p |
| * Sainsbury'S SBRY.L: Deutsche Bank raises PTto 350p from 310p |
| * Sainsbury'S SBRY.L: Deutsche Bank raises to buy from hold |
| * Saint-Gobain SGOB.PA: Morgan Stanley cuts PT to EUR 105 from EUR 106 |
| * Sanofi SASY.PA: HSBC cuts target price to EUR 100 from EUR 102 |
| * Sartorius AG SATG_p.DE: Exane BNP Paribas raises to outperform from neutral |
| * Shawbrook SHAW.L: Deutsche Bank initiates coverage with buy rating |
| * Shawbrook SHAW.L: Deutsche Bank initiates coverage with target price 610p |
| * Shawbrook Group SHAW.L: Barclays initiates coverage with overweight rating |
| * Shawbrook Group SHAW.L: Barclays initiates coverage with PT 520p |
| * Shawbrook Group Plc SHAW.L: Goldman Sachs initiates coverage with neutral rating |
| * Shawbrook Group Plc SHAW.L: UBS initiates coverage with buy rating |
| * Shawbrook Group Plc SHAW.L: UBS initiates coverage with target price 520p |
| * Siemens Healthineers AG SHLG.DE: Exane BNP Paribas cuts to neutral from outperform |
| * Sika AG SIKA.S: Morgan Stanley cuts target price to CHF 183 from CHF 193 |
| * Skandinaviska Enskilda Banken SEBa.ST: Barclays raises PT to SEK 206 from SEK 193 |
| * Straumann Holding AG STMN.S: Exane BNP Paribas raises to outperform from underperform |
| * Svenska Handelsbanken SHBa.ST: Barclays raises PT to SEK 135 from SEK 128 |
| * Swedbank SWEDa.ST: Barclays raises PT to SEK 265 from SEK 242 |
| * Tesco TSCO.L: Deutsche Bank raises PT to 500p from 495p |
| * UMG UMG.AS: JP Morgan raises target price to EUR 42 from EUR 39 |
| * Unilever Plc ULVR.L: UBS cuts target price to 4,440p from 4,635p |
| * VAT Group AG VACN.S: Citigroup raises target price to CHF 460 from CHF 400 |
| * Victrex Plc VCTX.L: Peel Hunt cuts target price to 775p from 880p |
| * Vinci SGEF.PA: Exane BNP Paribas cuts to neutral from outperform |
| * Vivendi VIV.PA: Morgan Stanley cuts target price to EUR 2.70 from EUR 3.20 |
| * Wickes Group Plc WIX.L: Deutsche Bank raises target price to 235p from 195p |
| * Wickes Group Plc WIX.L: Deutsche Bank raises to hold from sell |
| * Wolters Kluwer NV WLSNc.AS: JP Morgan raises target price to EUR 107 from EUR 105 |
| * WPP WPP.L: JP Morgan cuts target price to 350p from 360p |
| * Zehnder Group AG ZEHN.S: UBS initiates coverage with buy rating |
| * Zehnder Group AG ZEHN.S: UBS initiates coverage with PT CHF 91 |
