| * ABN Amro Bank NV ABNd.AS: Kepler Cheuvreux raises PT to EUR 27.5 from EUR 19.3 |
| * ABN Amro Bank NV ABNd.AS: Kepler Cheuvreux raises to buy from reduce |
| * Accor SA ACCP.PA: Morgan Stanley raises target price to EUR 55 from EUR 52 |
| * Adriatic Metals Plc ADT1.L: Berenberg raises target price to 277p from 268p |
| * Air Liquide AIRP.PA: JP Morgan cuts target price to EUR 185 from EUR 190 |
| * Air Liquide AIRP.PA: UBS cuts target price to EUR 205 from EUR 210 |
| * Anglo American AAL.L: Berenberg cuts target price to 1,900p from 2,000p |
| * Anheuser Busch Inbev SA ABI.BR: Bernstein cuts target price to EUR 77 from EUR 79 |
| * ArcelorMittal MT.AS: Deutsche Bank raises target price to EUR 31 from EUR 30 |
| * Arkema SA AKE.PA: Kepler Cheuvreux cuts target price to EUR 78 from EUR 105 |
| * Atalaya Mining Copper SA ATYM.L: Berenberg raises target price to 500p from 420p |
| * AXA AXAF.PA: Exane BNP Paribas resumes coverage with outperform rating |
| * Azelis AZE.BR: Jefferies cuts target price to EUR 19.50 from EUR 22 |
| * BAE Systems BAES.L: Bernstein raises target price to 2,100p from 1,890p |
| * BAE Systems BAES.L: Citigroup raises target price to 2,145p from 1,475p |
| * Bank Pekao PEO.WA: Barclays initiates coverage with overweight rating and PT PLN 209 |
| * Barry Callebaut AG BARN.S: Baader Helvea raises target price to CHF 1000 from CHF 825 |
| * Be Semiconductor Industries NV BESI.AS: Barclays cuts to equal-weight from overweight |
| * Belimo Holding AG BEAN.S: Kepler Cheuvreux raises PT to CHF 1000 from CHF 750 |
| * Beneteau SA CHBE.PA: UBS initiates coverage with neutral rating; price target EUR 9 |
| * BMW BMWG.DE: HSBC raises target price to EUR 77 from EUR 76 |
| * Bodycote Plc BOY.L: JP Morgan raises target price to 610p from 580p |
| * Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 330 from SEK 340 |
| * Breedon Group Plc BREE.L: Morgan Stanley cuts target price to 512p from 527p |
| * Brenntag BNRGn.DE: Deutsche Bank cuts target price to EUR 75 from EUR 80 |
| * Brenntag SE BNRGn.DE: Berenberg cuts to hold from buy; cuts PT to EUR 55 from EUR 71 |
| * Buzzi SpA BZU.MI: Morgan Stanley raises target price to EUR 45 from EUR 44 |
| * Bytes Technology Group BYIT.L: Berenberg cuts to hold from buy; cuts PT to 390p from 660p |
| * Bytes Technology Group Plc BYIT.L: Deutsche Bank cuts target price to 470p from 575p |
| * Bytes Technology Group Plc BYIT.L: Jefferies cuts target price to 380p from 500p |
| * Carlsberg CARLb.CO: Bernstein cuts target price to DKK 1,260 from DKK 1,270 |
| * Central Asia Metals Plc CAML.L: Berenberg cuts target price to 190p from 230p |
| * Demant DEMANT.CO: Deutsche Bank cuts target price to DKK 275 from DKK 290 |
| * Deutsche Bank DBKGn.DE: Barclays raises target price to EUR 27.6 from EUR 26.8 |
| * Deutsche Bank DBKGn.DE: Morgan Stanley cuts target price to EUR 29 from EUR 29.5 |
| * Deutsche Telekom AG DTEGn.DE: Barclays cuts target price to EUR 41 from EUR 42 |
| * Docmorris DOCM.S: Deutsche Bank cuts target price to CHF 8 from CHF 20 |
| * Elementis ELM.L: Barclays raises target price to 200p from 189p |
| * Elia Group ELI.BR: UBS raises target price to EUR 112 from EUR 101 |
| * Endesa ELE.MC: Exane BNP Paribas cuts target price to EUR 25.5 from EUR 27 |
| * Endesa ELE.MC: Exane BNP Paribas cuts to underperform rating |
| * Enel ENEI.MI: Exane BNP Paribas cuts to neutral rating |
| * Ericsson ERICb.ST: Bernstein cuts target price to SEK 69 from DKK 71 |
| * Evolution Gaming EVOG.ST: Barclays cuts target price to SEK 890 from SEK 900 |
| * Experian EXPN.L: Kepler Cheuvreux initiates coverage with buy rating; PT 4,700p |
| * Fastned BV FASTN.AS: Degroof Petercam reinitiates coverage with buy rating; PT EUR 33 |
| * Glencore GLEN.L: Berenberg cuts target price to 330p from 380p |
| * Hochschild HOCM.L: Berenberg raises target price to 300p from 260p |
| * HSBC HSBA.L: Morgan Stanley cuts target price to 846p from 865p |
| * Imcd NV IMCD.AS: Jefferies cuts target price to EUR 145 from EUR 160 |
| * Inficon Holding AG IFCN.S: BofA Global Research cuts PO to CHF 77.85 from CHF 88.1 |
| * Intercontinental Hotels Group IHG.L: Morgan Stanley raises PT to 8800p from 8600p |
| * Italy'S Prysmian PRY.MI: Kepler Cheuvreux raises target price to EUR 74 from EUR 72 |
| * Julius Baer BAER.S: Morgan Stanley cuts target price to CHF 56 from CHF 59 |
| * Keller Group Plc KLR.L: Deutsche Bank cuts target price to 1660p from 1800p |
| * Keller Group Plc KLR.L: Deutsche Bank cuts to hold from buy |
| * Kenmare Resources Plc KMR.L: Berenberg cuts target price to 370p from 390p |
| * Londonmetric LMPL.L: Deutsche Bank reinstates coverage with buy rating; PT 230p |
| * L'Oréal OREP.PA: HSBC raises target price to EUR 333 from EUR 331 |
| * Maat pharma SA MAAT.PA: Kepler Cheuvreux raises target price to EUR 17 from EUR 15.5 |
| * Melexis NV MLXS.BR: Jefferies raises target price to EUR 80 from EUR 66 |
| * Natwest Group NWB_pa.L: Morgan Stanley raises target price to 580p from 550p |
| * Nestle SA NESN.S: BofA Global Research raises price objective to CHF 100 from CHF 97 |
| * Netcall Plc NETC.L: Berenberg initiates coverage with buy rating; target price 155p |
| * Nexans NEXS.PA: JP Morgan raises target price to EUR 124 from EUR 118 |
| * Nokia NOKIA.HE: Barclays cuts target price to EUR 3.8 from EUR 4 |
| * Nordic Semiconductor NOD.OL: BofA Global Research cuts to underperform from buy |
| * Nordic Semiconductor NOD.OL: BofA Global Research cuts PO to NOK 99 from NOK 139 |
| * Nordic Semiconductor ASA NOD.OL: Barclays raises target price to NOK 115 from NOK 100 |
| * Orsted ORSTED.CO: Jefferies raises target price to DKK 320 from DKK 260 |
| * Partners Group Holding AG PGHN.S: Citigroup raises PT to CHF 1,135 from CHF 1,120 |
| * PKO Bank Polski SA PKO.WA: Barclays initiates coverage with equal-weight rating |
| * PKO Bank Polski SA PKO.WA: Barclays initiates coverage with target price PLN 77 |
| * Prosus NV PRX.AS: Kepler Cheuvreux raises target price to EUR 44 from EUR 36.3 |
| * Renault RENA.PA: Kepler Cheuvreux cuts target price to EUR 46 from EUR 50 |
| * Rio Tinto RIO.L: Berenberg cuts to hold from buy; cuts PT to 4,700p from 6,200p |
| * Rio Tinto RIO.L: Deutsche Bank cuts target price to 5300p from 5500p |
| * Scandic Hotels Group AB SHOTE.ST: Morgan Stanley cuts PT to SEK 79 from SEK 81 |
| * SEB SA SEBF.PA: Bernstein cuts target price to EUR 120 from EUR 129 |
| * Sodexo SA EXHO.PA: Barclays cuts target price to EUR 63 from EUR 64 |
| * Soitec SOIT.PA: Barclays cuts target price to EUR 50 from EUR 60 |
| * SSAB SSABa.ST: Deutsche Bank cuts target price to SEK 55 from SEK 57 |
| * SSE SSE.L: JP Morgan raises target price to 2,300p from 2,150p |
| * Stellantis NV STLAM.MI: HSBC raises target price to EUR 9.5 from EUR 9 |
| * Taylor Wimpey TW.L: Barclays cuts target price to 140p from 143p |
| * Thales TCFP.PA: Citigroup raises target price to EUR 284 from EUR 168 |
| * Thule THULE.ST: Jefferies raises target price to SEK 320 from SEK 290 |
| * Umicore UMI.BR: UBS raises target price to EUR 12 from EUR 8 |
| * Unilever ULVR.L: Jefferies raises target price to 3800p from 3600p |
| * Victrex VCTX.L: Barclays cuts target price to 1080p from 1520p |
| * Volkswagen AG VOWG.DE: HSBC raises target price to EUR 113 from EUR 112 |
| * Watches of Switzerland WOSG.L: Jefferies raises target price to 490p from 460p |
| * Yellow Cake Plc YCA.L: Berenberg cuts target price to 682p from 708p |
