| * Air Liquide AIRP.PA: TD Cowen raises target price to EUR 205 from EUR 200 |
| * Alpha Bank ACBr.AT: Deutsche Bank raises target price to EUR 3.85 from EUR 3.35 |
| * Anglo American AAL.L: Bernstein raises target price to 1950p from 1850p |
| * Arbonia AG ARBNO.S: UBS cuts target price to CHF 5.6 from CHF 5.7 |
| * Avolta AG AVOL.S: JP Morgan raises target price to CHF 51 from CHF 50 |
| * Balfour Beatty BALF.L: Deutsche Bank raises target price to 650p from 575p |
| * Balfour Beatty BALF.L: Jefferies raises target price to 650p from 610p |
| * Bank of Cyprus BOCHGRr.AT: Deutsche Bank raises target price to EUR 8.7 from EUR 7.35 |
| * Bayer BAYGn.DE: UBS raises target price to EUR 26 from EUR 24 |
| * Beazley BEZG.L: RBC cuts target price to 1000p from 1125p |
| * Beazley Plc BEZG.L: UBS cuts target price to 970p from 1040p |
| * Brenntag BNRGn.DE: Barclays cuts target price to EUR 67 from EUR 70 |
| * Brenntag BNRGn.DE: Deutsche Bank cuts target price to EUR 50 from EUR 52 |
| * Brenntag SE BNRGn.DE: Jefferies cuts target price to EUR 47 from EUR 53 |
| * Brenntag SE BNRGn.DE: Morgan Stanley cuts target price to EUR 63 from EUR 65 |
| * Carlsberg CARLb.CO: RBC cuts target price to DKK 1,010 from DKK 1,020 |
| * Close Brothers Group CBRO.L: UBS raises target price to 535p from 270p |
| * Covivio SA CVO.PA: Kepler Cheuvreux cuts to hold from buy |
| * Covivio SA CVO.PA: Kepler Cheuvreux raises target price to EUR 62 from EUR 58 |
| * Demant DEMANT.CO: Bernstein cuts target price to DKK 320 from DKK 338 |
| * Demant DEMANT.CO: JP Morgan raises target price to DKK 291 from DKK 274 |
| * Demant A/S DEMANT.CO: Barclays cuts target price to DKK 270 from DKK 282 |
| * Deutsche Pfandbriefbank AG PBBG.DE: Kepler Cheuvreux raises PT to EUR 5.3 from EUR 4.4 |
| * Deutsche Pfandbriefbank AG PBBG.DE: Kepler Cheuvreux raises to hold from reduce |
| * Diasorin SpA DIAS.MI: RBC raises to outperform from sector perform |
| * Elementis ELM.L: Barclays raises target price to 210p from 200p |
| * Energias De Portugal EDP.LS: HSBC raises target price to EUR 4.4 from EUR 4.2 |
| * Epiroc AB EPIRa.ST: UBS cuts target price to SEK 200 from SEK 240 |
| * Epiroc AB EPIRa.ST: UBS cuts to neutral from buy |
| * Eurobank EURBr.AT: Deutsche Bank raises target price to EUR 3.85 from EUR 3.6 |
| * Evoke Plc EVOK.L: Deutsche Bank raises target price to 108p from 88p |
| * Forbo FORN.S: UBS cuts target price to CHF 1000 from CHF 1050 |
| * Forfarmers NV FFARM.AS: Kepler Cheuvreux raises target price to EUR 5.25 from EUR 4.05 |
| * Forfarmers NV FFARM.AS: Kepler Cheuvreux raises to buy from hold |
| * Givaudan GIVN.S: UBS cuts target price to CHF 3650 from CHF 3900 |
| * Glanbia GL9.I: Barclays raises target price to EUR 16.25 from EUR 15.5 |
| * Glencore GLEN.L: Citigroup raises target price to 380p from 370p |
| * H&M HMb.ST: Bernstein cuts target price to SEK 100 from SEK 110 |
| * Hill & Smith HILS.L: Jefferies raises target price to 2530p from 2300p |
| * Hill & Smith HILS.L: Peel Hunt raises target price to 2800p from 2650p |
| * Hill & Smith Plc HILS.L: Deutsche Bank raises target price to 2625p from 2550p |
| * IMCD NV IMCD.AS: Morgan Stanley cuts target price to EUR 139 from EUR 148 |
| * ISS ISS.CO: Morgan Stanley raises target price to DKK 144 from DKK 139 |
| * Jenoptik AG JENGn.DE: UBS cuts target price to EUR 18.5 from EUR 19 |
| * Kingspan Group KSP.I: Barclays cuts target price to EUR 85 from EUR 88 |
| * Kingspan Group Plc KSP.I: Citigroup raises target price to EUR 89 from EUR 83 |
| * Kingspan Group Plc KSP.I: Citigroup raises to buy from neutral |
| * Melexis NV MLXS.BR: ING raises target price to EUR 70 from EUR 60 |
| * MTU Aero Engines MTXGn.DE: Deutsche Bank raises target price to EUR 430 from EUR 425 |
| * MTU Aero Engines AG MTXGn.DE: UBS raises target price to EUR 485 from EUR 450 |
| * National Bank of Greece NBGr.AT: Deutsche Bank cuts to hold from buy |
| * National Bank of Greece NBGr.AT: Deutsche Bank raises PT to EUR 13.4 from EUR 11.85 |
| * Nexans NEXS.PA: Berenberg raises target price to EUR 160 from EUR 120 |
| * Nordic Semiconductor ASA NOD.OL: Barclays raises target price to NOK 125 from NOK 115 |
| * Nordic Semiconductor NOD.OL: Berenberg raises target price to NOK 177 from NOK 165 |
| * Nordic Semiconductor NOD.OL: Jefferies raises target price to NOK 114 from NOK 102 |
| * Nordic Semiconductor ASA NOD.OL: Barclays raises target price to NOK 125 from NOK 115 |
| * Orange SA ORAN.PA: JP Morgan raises target price to EUR 16.60 from EUR 16.30 |
| * Persimmon Plc PSN.L: Morgan Stanley cuts target price to 1500p from 1560p |
| * Piraeus Bank BOPr.AT: Deutsche Bank raises target price to EUR 7.7 from EUR 6.65 |
| * Polypeptide Group AG PPGN.S: UBS raises target price to CHF 32 from CHF 19 |
| * Polypeptide Group AG PPGN.S: UBS raises to buy from neutral |
| * Porsche PSHG_p.DE: Deutsche Bank cuts target price to EUR 50 from EUR 55 |
| * PVA Tepla AG TPEG.DE: Jefferies raises target price to EUR 28 from EUR 19 |
| * PVA Tepla AG TPEG.DE: Jefferies raises to buy from hold |
| * Quilter Plc QLT.L: JP Morgan raises target price to 182p from 177p |
| * Rexel S.A. RXL.PA: Morgan Stanley raises target price to EUR 31 from EUR 29 |
| * Rio Tinto RIO.L: Bernstein cuts target price to 4800p from 5100p |
| * Rolls RR.L: UBS raises target price to 1375p from 1075p |
| * Saab AB SAABb.ST: UBS raises target price to SEK 600 from SEK 565 |
| * Safran SA SAF.PA: UBS raises target price to EUR 310 from EUR 275 |
| * Smith+Nephew Plc SN.L: Stifel raises target price to 1415p from 1065p |
| * Solaria Energia Y Medio Ambiente SLRS.MC: Barclays raises PT to EUR 14 from EUR 11.5 |
| * Spie SPIE.PA: Morgan Stanley cuts to equal weight from overweight |
| * Spie SPIE.PA: Morgan Stanley raises target price to EUR 52.5 from EUR 47.5 |
| * Spirax-Sarco SPX.L: Peel Hunt raises target price to 8500p from 7500p |
| * Springer Nature AG & Co KGaA SPGG.DE: Morgan Stanley raises PT to EUR 31.2 from EUR 30.9 |
| * St. James's Place SJP.L: Barclays raises target price to 1400p from 1140p |
| * Stora Enso STERV.HE: UBS cuts target price to EUR 10.7 from EUR 10.8 |
| * Stora Enso STERV.HE: UBS cuts to neutral from buy |
| * Straumann Holding AG STMN.S: Barclays cuts target price to CHF 133 from CHF 137 |
| * Straumann Holding AG STMN.S: JP Morgan cuts target price to CHF 125.00 from CHF 143.00 |
| * Straumann Holding AG STMN.S: Morgan Stanley cuts target price to CHF 120 from CHF 126 |
| * Straumann Holding AG STMN.S: Wells Fargo cuts target price to CHF 107 from CHF 114 |
| * Stroeer SAXG.DE: Bernstein cuts target price to EUR 60 from EUR 67 |
| * Ströer SE & Co. KGaA SAXG.DE: Barclays cuts target price to EUR 50 from EUR 54 |
| * Subsea 7 SUBC.OL: Jefferies raises target price to NOK 230 from NOK 220 |
| * Tecan TECN.S: Deutsche Bank cuts target price to CHF 177 from CHF 190 |
| * Tecan TECN.S: UBS cuts target price to CHF 181 from CHF 188 |
| * TKH Group NV TWKNc.AS: Jefferies cuts target price to EUR 45 from EUR 55 |
| * TUI AG TUI1n.DE: Barclays raises target price to EUR 12 from EUR 11 |
| * TUI AG TUI1n.DE: UBS raises target price to EUR 9 from EUR 8 |
| * UBS UBSG.S: Deutsche Bank raises target price to CHF 35 from CHF 32 |
| * Umicore SA UMI.BR: JP Morgan raises target price to EUR 16.20 from EUR 15 |
| * Vestas VWS.CO: JP Morgan raises target price to DKK 164 from DKK 161 |
| * Vestas VWS.CO: Morgan Stanley raises target price to DKK 135 from DKK 128 |
| * Voestalpine AG VOES.VI: JP Morgan raises target price to EUR 30.10 from EUR 24.30 |
