| * ABN Amro Bank NV ABNd.AS: RBC raises target price to EUR 36 from EUR 34 |
| * ACS Actividades de Construcción y Servicios, S.A.ACS.MC: Barclays raises PT to EUR 78 from EUR 50 |
| * Addtech ADDTb.ST: Goldman Sachs initiates coverage with buy rating |
| * Anheuser-Busch Inbev ABI.BR: Deutsche Bank cuts target price to EUR 59 from EUR 64 |
| * Anheuser-Busch Inbev ABI.BR: Deutsche Bank cuts to hold from buy |
| * Aramis Group Sas ARAMI.PA: Bernstein cuts target price to EUR 9 from EUR 11.6 |
| * Azelis AZE.BR: JP Morgan cuts target price to EUR 10 from EUR 16 |
| * Azelis AZE.BR: JP Morgan cuts to neutral from overweight |
| * BAT BATS.L: Citigroup raises target price to 4850p from 4450p |
| * Bilfinger GBFG.DE: Deutsche Bank raises target price to EUR 115 from EUR 105 |
| * Boohoo DEBS.L: Barclays cuts target price to 11p from 13p |
| * Bouygues BOUY.PA: JP Morgan raises target price to EUR 57 from EUR 56 |
| * Brenntag SE BNRGn.DE: JP Morgan cuts target price to EUR 44 from EUR 45.4 |
| * British American Tobacco BATS.L: Deutsche Bank raises PT to 4900p from 4400p |
| * Burberry BRBY.L: JP Morgan cuts to underweight from neutral |
| * Burberry BRBY.L: JP Morgan raises target price to 950p from 850p |
| * Carlsberg CARLb.CO: Deutsche Bank cuts target price to DKK 1130 from DKK 1160 |
| * Cd Projekt CDR.WA: Deutsche Bank raises target price to PLN 240 from PLN 230 |
| * Cellnex CLNX.MC: JP Morgan cuts target price to EUR 32 from EUR 43 |
| * Cellnex Telecom CLNX.MC: Barclays cuts target price to EUR 33 from EUR 35 |
| * Coca-Cola Europacific Partners CCEPC.L: Deutsche Bank raises PT to 8340p from 8120p |
| * Coca-Cola Hellenic CCH.L: Deutsche Bank cuts target price to 4470p from 4485p |
| * Compass Group CPG.L: Deutsche Bank raises target price to 3000p from 2900p |
| * Computacenter Plc CCC.L: Kepler Cheuvreux cuts to hold from buy |
| * Computacenter Plc CCC.L: Kepler Cheuvreux raises target price to 3000p from 2850p |
| * Continental AG CONG.DE: Morgan Stanley raises target price to EUR 58 from EUR 54.8 |
| * Cucinelli BCU.MI: JP Morgan raises target price to EUR 130 from EUR 125 |
| * Deutsche Telekom AG DTEGn.DE: JP Morgan cuts target price to EUR 39 from EUR 43.5 |
| * Diageo DGE.L: Deutsche Bank cuts target price to 1790p from 1840p |
| * Domino's Pizza Group DOM.L: UBS cuts target price to 190p from 270p |
| * Domino's Pizza Group DOM.L: UBS cuts to neutral from buy |
| * EasyJet EZJ.L: Bernstein raises target price to 560p from 520p |
| * EasyJet EZJ.L: Bernstein raises to outperform from market perform |
| * Elisa ELISA.HE: JP Morgan cuts target price to EUR 39 from EUR 48 |
| * Enel ENEI.MI: HSBC raises target price to EUR 9.2 from EUR 8.8 |
| * Entain ENT.L: Berenberg cuts target price to 1200p from 1400p |
| * Essentra Plc ESNT.L: Peel Hunt cuts target price to 201p from 230p |
| * Essilorluxottica SA ESLX.PA: JP Morgan raises target price to EUR 345 from EUR 300 |
| * Eutelsat ETL.PA: JP Morgan cuts target price to EUR 1.9 from EUR 2.8 |
| * Eutelsat ETL.PA: JP Morgan raises to neutral from underweight |
| * Evoke Plc EVOK.L: Berenberg cuts to hold from buy; cuts target price to 33p from 95p |
| * Evonik Industries AG EVKn.DE: JP Morgan cuts target price to EUR 14 from EUR 20 |
| * Evonik Industries AG EVKn.DE: JP Morgan cuts to neutral from overweight |
| * Flsmidth & Co. A/S FLS.CO: Barclays cuts target price to DKK 372 from DKK 404 |
| * Generali GASI.MI: Berenberg raises target price to EUR 37.5 from EUR 36.1 |
| * Gjensidige Forsikring GJFG.OL: Goldman Sachs initiates coverage with buy rating |
| * Halma HLMA.L: Exane BNP Paribas initiates coverage with neutral rating |
| * Halma HLMA.L: Exane BNP Paribas initiates coverage with PT 3950p |
| * HBX Group International HBX.MC: Barclays raises PT to EUR 12.7 from EUR 10.8 |
| * Heineken HEIN.AS: Deutsche Bank raises target price to EUR 84 from EUR 74 |
| * Heineken HEIN.AS: Deutsche Bank raises to buy from hold |
| * Hochtief AG HOTG.DE: Barclays raises target price to EUR 280 from EUR 158 |
| * IMCD NV IMCD.AS: JP Morgan cuts target price to EUR 82 from EUR 130 |
| * IMCD NV IMCD.AS: JP Morgan cuts to neutral from overweight |
| * IMI Plc IMI.L: Exane BNP Paribas initiates coverage with outperform rating |
| * IMI Plc IMI.L: Exane BNP Paribas initiates coverage with target price 3100p |
| * Indra IDR.MC: JP Morgan resumes coverage with neutral rating |
| * Indra IDR.MC: JP Morgan resumes coverage with price target EUR 50 |
| * Indutrade INDT.ST: Goldman Sachs initiates coverage with neutral rating |
| * Indutrade INDT.ST: Goldman Sachs initiates coverage with price target SEK 255 |
| * Infrastrutture Wireless Italiane INWT.MI: JP Morgan cuts PT to EUR 10 from EUR 11.8 |
| * Init Innovation In traffic systems SE IXXG.DE: Berenberg initiates coverage with buy rating |
| * Init Innovation In traffic systems SE IXXG.DE: Berenberg initiates coverage with PT EUR 61 |
| * Johnson Matthey JMAT.L: JP Morgan raises target price to 2250p from 1860p |
| * Johnson Matthey JMAT.L: JP Morgan raises to overweight from neutral |
| * Kering PRTP.PA: JP Morgan raises target price to EUR 235 from EUR 200 |
| * Knorr Bremse AG KBX.DE: Goldman Sachs initiates coverage with buy rating |
| * Komax KOMN.S: UBS cuts target price to CHF 68 from CHF 150 |
| * Komax KOMN.S: UBS cuts to neutral from buy |
| * KPN KPN.AS: JP Morgan cuts target price to EUR 4.6 from EUR 5 |
| * KPN KPN.AS: JP Morgan cuts to neutral from overweight |
| * Lifco LIFCOb.ST: Goldman Sachs initiates coverage with neutral rating |
| * Lifco LIFCOb.ST: Goldman Sachs initiates coverage with price target SEK 371 |
| * LVMH LVMH.PA: JP Morgan raises target price to EUR 610 from EUR 545 |
| * Moncler MONC.MI: JP Morgan raises target price to EUR 70 from EUR 58 |
| * Moncler MONC.MI: JP Morgan raises to overweight from neutral |
| * Mowi MOWI.OL: Berenberg raises to buy from hold; raises PT to NOK 260 from NOK 215 |
| * Ninety One Plc N91.L: JP Morgan cuts target price to 222p from 226p |
| * Novonesis NSISb.CO: JP Morgan raises target price to DKK 560 from DKK 512 |
| * Orange SA ORAN.PA: JP Morgan raises target price to EUR 19 from EUR 17.5 |
| * Proximus NV PROX.BR: JP Morgan raises target price to EUR 10.88 from EUR 7.8 |
| * Proximus NV PROX.BR: JP Morgan raises to overweight from neutral |
| * Rational AG RAAG.DE: Goldman Sachs initiates coverage with buy rating |
| * Rémy Cointreau RCOP.PA: Barclays cuts target price to EUR 34 from EUR 35 |
| * Remy Cointreau RCOP.PA: Bernstein cuts target price to EUR 65 from EUR 67 |
| * Remy Cointreau RCOP.PA: Deutsche Bank raises target price to EUR 32 from EUR 31 |
| * Richemont CFR.S: JP Morgan raises target price to CHF 200 from CHF 190 |
| * Rockwool ROCKb.CO: Barclays cuts target price to DKK 285 from DKK 300 |
| * Rockwool ROCKb.CO: Bernstein cuts target price to DKK 270 from DKK 300 |
| * Rockwool ROCKb.CO: Citigroup cuts target price to DKK 220 from DKK 260 |
| * Rockwool ROCKb.CO: Morgan Stanley cuts target price to DKK 299 from DKK 307 |
| * Rotork Plc ROR.L: Exane BNP Paribas initiates coverage with neutral rating |
| * Rotork Plc ROR.L: Exane BNP Paribas initiates coverage with target price 370p |
| * Royal Unibrew RBREW.CO: Deutsche Bank raises target price to DKK 640 from DKK 635 |
| * Sacyr S.A. SCYR.MC: Barclays raises target price to EUR 4.3 from EUR 4.1 |
| * Salvatore Ferragamo SpA SFER.MI: JP Morgan raises target price to EUR 7.5 from EUR 4.6 |
| * Salvatore Ferragamo SpA SFER.MI: JP Morgan raises to neutral from underweight |
| * Sampo SAMPO.HE: Goldman Sachs raises to neutral from sell - |
| * SES SA SESFd.PA: JP Morgan resumes coverage with overweight rating; PT EUR 10 |
| * SGS SA SGSN.S: Berenberg raises target price to CHF 112 from CHF 100 |
| * Sika SIKA.S: Barclays raises target price to CHF 185 from CHF 170 |
| * Sika SIKA.S: Barclays raises to equal-weight from underweight |
| * Sinch AB SINCH.ST: JP Morgan raises target price to SEK 45 from SEK 43 |
| * Smiths Group SMIN.L: Exane BNP Paribas initiates coverage with outperform rating |
| * Smiths Group SMIN.L: Exane BNP Paribas initiates coverage with target price 3000p |
| * Sodexo EXHO.PA: Jefferies cuts target price to EUR 44 from EUR 47 |
| * Softcat Plc SCTS.L: Kepler Cheuvreux cuts target price to 1500p from 1750p |
| * Softcat Plc SCTS.L: Kepler Cheuvreux raises to hold from reduce |
| * Softwareone Holding Ltd SWON.S: Berenberg initiates coverage with buy rating |
| * Softwareone Holding Ltd SWON.S: Berenberg initiates coverage with price target CHF 11 |
| * Sonova SOON.S: UBS cuts target price to CHF 215 from CHF 234 |
| * Sonova SOON.S: Jefferies cuts target price to CHF 215 from CHF 235 |
| * Spirax-Sarco SPX.L: Exane BNP Paribas initiates coverage with neutral rating |
| * Spirax-Sarco SPX.L: Exane BNP Paribas initiates coverage with target price 7250p |
| * Sunrise Communications AG SUNN.S: JP Morgan cuts target price to CHF 37 from CHF 46 |
| * Sunrise Communications AG SUNN.S: JP Morgan cuts to underweight from neutral |
| * Surgical Science Sweden AB SUSW.ST: Berenberg cuts PT to SEK 40 from SEK 120 |
| * Swatch Group AG UHR.S: JP Morgan raises target price to CHF 125 from CHF 110 |
| * Swisscom AG SCMN.S: JP Morgan raises target price to CHF 530 from CHF 525 |
| * Telenor TEL.OL: JP Morgan cuts target price to NOK 170 from NOK 185 |
| * Telenor TEL.OL: JP Morgan cuts to neutral from overweight |
| * Telia TELIA.ST: JP Morgan raises target price to SEK 46 from SEK 40 |
| * Telia TELIA.ST: JP Morgan raises to overweight from neutral |
| * Terna TRN.MI: Berenberg raises target price to EUR 9 from EUR 8 |
| * Trelleborg TRELb.ST: Goldman Sachs initiates coverage with buy rating |
| * Truecaller AB TRUEb.ST: JP Morgan cuts target price to SEK 39 from SEK 73 |
| * Tryg TRYG.CO: Goldman Sachs initiates coverage with sell rating |
| * Umicore SA UMI.BR: JP Morgan raises target price to EUR 19 from EUR 16.2 |
| * Uniqa Insurance Group UNIQ.VI: UBS raises target price to EUR 14.9 from EUR 12.5 |
| * Unite Group UTG.L: Barclays cuts target price to 615p from 725p |
| * Veolia VIE.PA: JP Morgan raises target price to EUR 33 from EUR 32.4 |
| * Vesuvius Plc VSVS.L: Exane BNP Paribas initiates coverage with target price 385p |
| * Vesuvius Plc VSVS.L: Exane BNP Paribas initiates coverage with neutral rating |
| * Vodafone VOD.L: JP Morgan raises target price to 71p from 62p |
| * Wacker Chemie AG WCHG.DE: JP Morgan cuts target price to EUR 50 from EUR 60 |
| * Wacker Chemie AG WCHG.DE: JP Morgan cuts to underweight from neutral |
| * Watches of Switzerland Group WOSG.L: Deutsche Bank raises PT to 550p from 450p |
| * Weir Group WEIR.L: Exane BNP Paribas initiates coverage with outperform rating |
| * Weir Group WEIR.L: Exane BNP Paribas initiates coverage with target price 3450p |
| * Whitbread WTB.L: Bernstein cuts target price to 2,500p from 3,600p |
| * Whitbread WTB.L: Bernstein cuts to underperform from outperform |
| * Zegona Communications Plc ZEG.L: Berenberg raises target price to 1600p from 1350p |
