| * 3I Group III.L: Citigroup raises target price to 4850p from 4670p |
| * Adecco Group AG ADEN.S: Kepler Cheuvreux cuts PT to CHF 37 from CHF 39 |
| * Admiral ADML.L: Deutsche Bank raises target price to 3500p from 3490p |
| * Aixtron AIXGN.DE: HSBC initiates coverage with hold rating and PT EUR 9.8 |
| * Amplifon SpA AMPF.MI: Kepler Cheuvreux cuts target price to EUR 24 from EUR 26 |
| * Antin Infrastructure Partners ANTIN.PA: Citigroup cuts PT to EUR 11 from EUR 14.90 |
| * Antin Infrastructure Partners ANTIN.PA: Citigroup cuts to neutral from buy |
| * Aperam SA APAM.AS: Citigroup cuts target price to EUR 28 from EUR 34 |
| * Arcadis NV ARDS.AS: ING cuts to hold from buy; cuts target price to EUR 49 from EUR 79 |
| * Ashmore Group Plc ASHM.L: Barclays cuts target price to 135p from 160p |
| * Ashmore Group Plc ASHM.L: Deutsche Bank cuts target price to 135p from 150p |
| * Aviva Plc AV.L: Deutsche Bank raises target price to 570p from 565p |
| * Barry Callebaut AG BARN.S: Barclays cuts target price to CHF 900 from CHF 1415 |
| * Barry Callebaut AG BARN.S: Barclays cuts to equal-weight from overweight |
| * Barry Callebaut AG BARN.S: Berenberg cuts target price to CHF 1160 from CHF 1650 |
| * Barry Callebaut AG BARN.S: Stifel cuts target price to CHF 1,100 from CHF 1,380 |
| * Bayer AG BAYGn.DE: Baader Helvea cuts target price to EUR 37 from EUR 40.3 |
| * BIC BICP.PA: Bernstein cuts target price to EUR 70 from EUR 82 |
| * Bilia BILIa.ST: Kepler Cheuvreux cuts target price to SEK 130 from SEK 155 |
| * BNP Paribas SA BNPP.PA: Barclays cuts target price to EUR 90 from EUR 96 |
| * Breedon Group Plc BREE.L: RBC cuts target price to 625p from 650p |
| * Brenntag SE BNRGn.DE: Berenberg cuts target price to EUR 68 from EUR 76 |
| * Bridgepoint Group Plc BPTB.L: Citigroup cuts target price to 360p from 410p |
| * Cerillion CER.L: Deutsche Bank cuts target price to 1550p from 1680p |
| * Cerillion CER.L: Deutsche Bank raises to buy from hold |
| * Computacenter Plc CCC.L: UBS cuts target price to 2600p from 2750p |
| * Cranswick Plc CWK.L: Davy Research raises target price to 6100p |
| * Credit Agricole SA CAGR.PA: Barclays cuts target price to EUR 17.7 from EUR 17.8 |
| * CVC Plc CVC.AS: Citigroup cuts PT to EUR 20.70 from EUR 25.80 |
| * CVC Plc CVC.AS: Deutsche Bank cuts target price to EUR 19.5 from EUR 22.5 |
| * De' Longhi SpA DLG.MI: Berenberg cuts target price to EUR 31 from EUR 37 |
| * Delivery Hero DHER.DE: HSBC cuts target price to EUR 40 from EUR 45 |
| * Deutsche Bank AG DBKGn.DE: Kepler Cheuvreux ups PT to EUR 24 from EUR 23.5 |
| * Deutsche Boerse AG DB1Gn.DE: JP Morgan raises target price to EUR 251 from EUR 224 |
| * Dino Polska DNP.WA: Barclays raises target price to PLN 480 from PLN 475 |
| * Docmorris DOCM.S: HSBC cuts target price to CHF 19 from CHF 20 |
| * Domino's Pizza Group Plc DOM.L: Barclays cuts target price to 250p from 290p |
| * Domino's Pizza Group Plc DOM.L: Barclays cuts to underweight from equal weight |
| * EQT AB EQTAB.ST: Citigroup cuts target price to SEK 275 from SEK 375 |
| * EQT AB EQTAB.ST: Deutsche Bank cuts target price to SEK 320 from SEK 375 |
| * Fabege AB FABG.ST: Kepler Cheuvreux cuts target price to SEK 91 from SEK 94 |
| * Fabege AB FABG.ST: Morgan Stanley cuts target price to SEK 85 from SEK 90 |
| * Fugro NV FUGR.AS: Degroof Petercam cuts target price to EUR 16 from EUR 33 |
| * Fugro NV FUGR.AS: Degroof Petercam cuts to hold from buy |
| * Fugro NV FUGR.AS: Jefferies cuts target price to EUR 21.50 from EUR 28 |
| * Holmen HOLMb.ST: Citigroup cuts target price to SEK 405 from SEK 446 |
| * IAG ICAG.L: Kepler Cheuvreux cuts target price to 400p from 470p |
| * ING Groep INGA.AS: Barclays raises target price to EUR 17.9 from EUR 17.6 |
| * Intermediate Capital Group Plc ICGIN.L: Citigroup cuts PT to 2610p from 2730p |
| * Interparfums SA IPAR.PA: Kepler Cheuvreux cuts PT to EUR 38 from EUR 50 |
| * Interparfums SA IPAR.PA: Kepler Cheuvreux cuts to hold from buy |
| * JD Sports Fashion Plc JD.L: Barclays cuts target price to 80p from 110p |
| * JD Sports Fashion Plc JD.L: Barclays raises to equal-weight from underweight |
| * Jost Werke JST.DE: Deutsche Bank cuts target price to EUR 60 from EUR 62 |
| * Just Group Plc JUSTJ.L: Deutsche Bank cuts target price to 170p from 180p |
| * K+S SDFGn.DE: Jefferies raises target price to EUR 10.3 from EUR 8 |
| * LSEG LSEG.L: Deutsche Bank raises PT to 12600p from 11500p |
| * LSEG LSEG.L: Deutsche Bank raises to buy from hold |
| * LSEG LSEG.L: JP Morgan cuts target price to 13,670p from 13,900p |
| * LVMH LVMH.PA: Deutsche Bank cuts target price to EUR 565 from EUR 580 |
| * LVMH LVMH.PA: Jefferies cuts target price to EUR 510 from EUR 670 |
| * LVMH LVMH.PA: JP Morgan cuts target price to EUR 610 from EUR 650 |
| * LVMH LVMH.PA: Kepler Cheuvreux cuts PT to EUR 675 from EUR 750 |
| * LVMH LVMH.PA: Morgan Stanley cuts PT to EUR 590 from EUR 740 |
| * LVMH LVMH.PA: RBC cuts target price to EUR 680 from EUR 750 |
| * LVMH LVMH.PA: UBS cuts PT to EUR 569 from EUR 650 |
| * Meko AB MEKO.ST: Kepler Cheuvreux cuts target price to SEK 140 from SEK 160 |
| * National Grid Plc NG.L: JP Morgan raises target price to 1,225p from 1,175p |
| * Nestle SA NESN.S: Exane BNP Paribas cuts target price to CHF 90 from CHF 98 |
| * Nestle SA NESN.S: Exane BNP Paribas cuts to neutral from outperform |
| * Next Plc NXT.L: Goldman Sachs raises target price to 14,000p from 12,200p |
| * Next Plc NXT.L: Goldman Sachs raises to buy from neutral |
| * NKT A/S NKT.CO: Barclays raises target price to DKK 597 from DKK 485 |
| * NKT A/S NKT.CO: Barclays raises to overweight from underweight |
| * Optima Health Plc OPT.L: RBC raises target price to 220p from 215p |
| * Pandora PNDORA.CO: Jyske Bank cuts TP to DKK 1,200 from DKK 1,300 |
| * Pandora PNDORA.CO: Jyske Bank raises to buy from hold |
| * Paradox Interactive AB PDXI.ST: Kepler Cheuvreux cuts PT to SEK 182 from SEK 225 |
| * Partners Group PGHN.S: Deutsche Bank cuts target price to CHF 1200 from CHF 1435 |
| * Partners Group Holding AG PGHN.S: Citigroup cuts PT to CHF 1,120 from CHF 1,470 |
| * Partners Group Holding AG PGHN.S: Citigroup cuts to neutral from buy |
| * Polar Capital POLR.L: Deutsche Bank cuts target price to 415p from 475p |
| * PVA Tepla AG TPEG.DE: Jefferies cuts target price to EUR 18 from EUR 19 |
| * Repsol REP.MC: Exane BNP Paribas cuts to underperfrom from neutral |
| * Rheinmetall AG RHMG.DE: Berenberg raises target price to EUR 1630 from EUR 1410 |
| * Robertet SA ROBF.PA: Stifel cuts target price to EUR 1000 from EUR 1100 |
| * Rotork Plc ROR.L: RBC raises to outperform from sector perform |
| * Saf Holland SE SFQ.DE: Deutsche Bank cuts target price to EUR 18 from EUR 19 |
| * Salzgitter AG SZGG.DE: Citigroup raises target price to EUR 24 from EUR 18 |
| * Salzgitter AG SZGG.DE: Kepler Cheuvreux cuts target price to EUR 29 from EUR 33 |
| * Sanlorenzo SpA SNL.MI: Berenberg cuts target price to EUR 45 from EUR 50 |
| * Sanlorenzo SpA SNL.MI: Kepler Cheuvreux cuts target price to EUR 45.5 from EUR 51 |
| * SCA AB SCAb.ST: Citigroup cuts target price to SEK 140 from SEK 167 |
| * Schibsted ASA SCHA.OL: Kepler Cheuvreux cuts PT to NOK 375 from NOK 384 |
| * Sdiptech AB (Publ) SDIPb.ST: Berenberg cuts target price to SEK 230 from SEK 355 |
| * SEB SA SEBF.PA: Berenberg cuts target price to EUR 106 from EUR 121 |
| * Serabi Gold Plc SRB.L: Peel Hunt raises target price to 205p from 160p |
| * Shurgard Self Storage SHUR.BR: Barclays cuts target price to EUR 36 from EUR 38 |
| * Siemens SIEGn.DE: Morgan Stanley cuts target price to EUR 215 from EUR 250 |
| * Siltronic AG WAFGn.DE: Kepler Cheuvreux cuts PT to EUR 36 from EUR 59 |
| * Siltronic AG WAFGn.DE: Kepler Cheuvreux cuts to neutral |
| * Softcat Plc SCTS.L: UBS raises target price to 1350p from 1310p |
| * Stadler Rail AG SRAIL.S: UBS raises target price to CHF 18 from CHF 17 |
| * Stillfront Group SFRG.ST: Barclays cuts target price to SEK 7.3 from SEK 9.5 |
| * Tesco TSCO.L: HSBC cuts target price to 390p from 430p |
| * Tikehau Capital Sc TKOO.PA: Citigroup cuts target price to EUR 20.80 from EUR 25.50 |
| * Totalenergies SE TTEF.PA: Exane BNP Paribas raises to outperform from neutral |
| * Treatt TET.L: Barclays cuts target price to 300p from 480p |
| * TT Electronics Plc TTG.L: RBC cuts target price to 85p from 140p |
| * TT Electronics Plc TTG.L: RBC cuts to sector perform from outperform |
| * Tullow Oil Plc TLW.L: Panmure Liberum cuts target price to 21p from 28p |
| * VAT Group AG VACN.S: Morgan Stanley cuts target price to CHF 300 from CHF 315 |
| * Vistry Group Plc VTYV.L: JP Morgan cuts target price to 570p from 690p |
| * Volvo VOLVb.ST: RBC cuts target price to SEK 295 from SEK 307 |
| * Volvo VOLVb.ST: RBC raises to outperform from sector perform |
| * Wartsila WRT1V.HE: Kepler Cheuvreux raises to buy from hold |
