| * ACS Actividades de Construccion y Servicios SA ACS.MC: Morgan Stanley ups PT to EUR 156 from EUR 150 |
| * Alfen NV ALFEN.AS: Jefferies raises target price to EUR 18 from EUR 9 |
| * Alfen NV ALFEN.AS: Jefferies raises to buy from hold |
| * Banco Comercial Portugues SA BCP.LS: Morgan Stanley ups PT to EUR 0.89 from EUR 0.87 |
| * Barry Callebaut AG BARN.S: Morgan Stanley cuts PT to CHF 1350 from CHF 1600 |
| * Barry Callebaut AG BARN.S: Morgan Stanley cuts target price to CHF 1350 from CHF 1600 |
| * BNP Paribas BNPP.PA: Morgan Stanley raises target price to EUR 107 from EUR 105 |
| * Buzzi BZU.MI: Citigroup cuts target price to EUR 45 from EUR 50 |
| * Buzzi SpA BZU.MI: Barclays raises target price to EUR 59 from EUR 58 |
| * Chocoladefabriken Lindt & Spruengli LISN.S: Morgan Stanley cuts PT to CHF 101000 from CHF 108500 |
| * Chocoladefabriken Lindt & Spruengli LISN.S: Morgan Stanley ups to equal weight from underweight |
| * CSG NV CSG.AS: JP Morgan cuts target price to EUR 34 from EUR 40 |
| * CTS Eventim EVDG.DE: Jefferies cuts target price to EUR 100 from EUR 115 |
| * Danone DANO.PA: Deutsche Bank cuts target price to EUR 59 from EUR 65 |
| * Demant A/S DEMANT.CO: UBS raises target price to DKK 273 from DKK 240 |
| * Diploma Plc DPLM.L: Morgan Stanley raises target price to 8250p from 7350p |
| * Diploma Plc DPLM.L: Stifel raises target price to 7,800p from 6,800p |
| * Eiffage FOUG.PA: Goldman Sachs cuts target price to EUR 148 from EUR 157 |
| * Eiffage FOUG.PA: Goldman Sachs cuts to neutral from buy |
| * Elior Group ELIOR.PA: Barclays cuts target price to EUR 2.4 from EUR 2.6 |
| * Energean Plc ENOG.L: Panmure Liberum raises target price to 978p from 896p |
| * Euronext NV ENX.PA: UBS raises target price to EUR 175 from EUR 168 |
| * Eutelsat ETL.PA: Alphavalue raises to add from reduce |
| * Evonik EVKN.DE: Barclays cuts to equal-weight from overweight |
| * Evonik EVKn.DE: Barclays raises target price to EUR 18 from EUR 17 |
| * Experian EXPN.L: Bernstein cuts target price to 2350p from 2850p |
| * Experian EXPN.L: Deutsche Bank cuts target price to 4000p from 4550p |
| * Flsmidth & Co. A/S FLS.CO: Barclays raises target price to DKK 600 from DKK 490 |
| * Flsmidth & Co. A/S FLS.CO: Barclays raises to overweight from equal-weight |
| * Flughafen Zuerich AG FHZN.S: Goldman Sachs raises PT to CHF 265 from CHF 257 |
| * Flughafen Zuerich AG FHZN.S: Goldman Sachs raises to buy from neutral |
| * Games Workshop GAW.L: Peel Hunt raises target price to 22000p from 20000p |
| * Great Portland Estates Plc GPEG.L: Stifel cuts target price to 315p from 370p |
| * H & M Hennes & Mauritz AB HMb.ST: Barclays cuts target price to SEK 150 from SEK 162 |
| * Heidelberg Materials HEIG.DE: Barclays raises target price to EUR 243 from EUR 241 |
| * Holmen HOLMb.ST: Barclays cuts target price to SEK 295 from SEK 310 |
| * Huhtamaki HUH1V.HE: Barclays cuts target price to EUR 31 from EUR 32 |
| * IG Group Plc IGG.L: UBS raises target price to 2200p from 1680p |
| * M&S MKS.L: Berenberg raises target price to 480p from 415p |
| * Magnum ICE Cream Company MICCT.AS: Deutsche Bank cuts PT to EUR 13.5 from EUR 14.5 |
| * Mediaforeurope MFEA.MI: Barclays cuts target price to EUR 3.4 from EUR 4.15 |
| * Mediaforeurope MFEB.MI: Barclays cuts target price to EUR 4.25 from EUR 5.5 |
| * Mondi MNDI.L: Barclays cuts target price to 680p from 755p |
| * Naturgy NTGY.MC: Exane BNP Paribas raises to outperform from neutral |
| * Naturgy NTGY.MC: Morgan Stanley raises target price to EUR 32 from EUR 27 |
| * Naturgy NTGY.MC: Morgan Stanley raises to overweight from equal weight |
| * Novo Nordisk NOVOb.CO: Bernstein raises target price to DKK 200 from DKK 175 |
| * Ontex Group NV ONTEX.BR: UBS cuts target price to EUR 3.3 from EUR 3.8 |
| * Playtech PTEC.L: Deutsche Bank raises target price to 460p from 443p |
| * RWE AG RWEG.DE: Exane BNP Paribas cuts to neutral from outperform |
| * Sabre Insurance Group Plc SBRE.L: Berenberg raises PT to 195p from 185p |
| * Sage Group SGE.L: Panmure Liberum raises to buy from hold |
| * Sage Group SGE.L: Peel Hunt raises to buy from hold; cuts PT to 1,165p from 1,187p |
| * Salmar ASA SALM.OL: Berenberg raises target price to NOK 620 from NOK 600 |
| * Semco Technologies ALSEM.PA: TP ICAP Midcap ups PT to EUR 45 from EUR 43; rating "accumulate" |
| * SGL Carbon SE SGCG.DE: Alphavalue cuts to add from buy |
| * Smiths Group SMIN.L: JP Morgan cuts target price to 2810p from 2830p |
| * Smurfit Westrock SWR.L: Barclays cuts target price to 3900p from 4100p |
| * Sodexo SA EXHO.PA: Morgan Stanley raises target price to EUR 44 from EUR 40 |
| * Sonova SOON.S: UBS cuts target price to CHF 206 from CHF 215 |
| * Sonova Holding AG SOON.S: Barclays raises PT to CHF 175 from CHF 160 |
| * Svenska Cellulosa SCA AB SCAb.ST: Barclays cuts target price to SEK 92 from SEK 100 |
| * Swiss Re SRENH.S: UBS cuts target price to CHF 112 from CHF 131 |
| * Swiss Re SRENH.S: UBS cuts to sell from neutral |
| * Umicore SA UMI.BR: Alphavalue raises to reduce from sell |
| * Umicore SA UMI.BR: ING raises target price to EUR 25 from EUR 19 |
| * United Internet UTDI.DE: Barclays raises target price to EUR 27 from EUR 26 |
| * Vestas VWS.CO: Morgan Stanley raises target price to DKK 196 from DKK 190 |
| * Vicat VCTP.PA: Barclays raises target price to EUR 94 from EUR 93 |
| * Virbac VIRB.PA: TP ICAP Midcap raises target price to EUR 412 from EUR 407 |
| * Ypsomed Holding AG YPSN.S: Barclays raises target price to CHF 386 from CHF 343 |
