| * 3I Group III.L: Bernstein cuts target price to 3,800p from 5,200p |
| * 3I Group III.L: Citigroup cuts target price to 4040p from 4280p |
| * 3I Group III.L: Kepler Cheuvreux cuts target price to 1,850p from 1,950p |
| * Aberdeen Group Plc ABDN.L: Citigroup raises target price to 265p from 225p |
| * Aberdeen Group Plc ABDN.L: Citigroup raises to buy from neutral |
| * ACS Actividades De Construcción Y Servicios ACS.MC: Barclays ups PT to EUR 146 from EUR 140 |
| * ACS Actividades De Construcción Y Servicios ACS.MC: BofA Global Research ups PT to EUR 159 from EUR 127 |
| * Aegon Ltd AEGN.AS: Morgan Stanley cuts to equal weight from overweight |
| * Aj Bell AJBA.L: RBC raises target price to 510p from 500p |
| * Allegro ALEP.WA: Barclays raises target price to PLN 35 from PLN 34 |
| * Almirall ALM.MC: Deutsche Bank cuts target price to EUR 13 from EUR 14 |
| * Argenx ARGX.BR: Deutsche Bank raises target price to EUR 750 from EUR 725 |
| * ASR Nederland NV ASRNL.AS: Morgan Stanley raises target price to EUR 70 from EUR 61.50 |
| * Axfood AXFO.ST: Bernstein initiates coverage with price target SEK 235 |
| * Axfood AXFO.ST: Bernstein initiates coverage with underperform rating |
| * Ayvens AYV.PA: Kepler Cheuvreux raises target price to EUR 13.80 from EUR 13.30 |
| * B&M BMEB.L: Berenberg cuts target price to 290p from 300p |
| * B&M BMEB.L: Bernstein initiates coverage with price target 140p |
| * B&M BMEB.L: Bernstein initiates coverage with underperform rating |
| * Babcock International BAB.L: RBC raises target price to 1400p from 1280p |
| * Banijay Group BNJ.AS: Deutsche Bank raises target price to EUR 14.40 from EUR 13 |
| * BAT BATS.L: Goldman Sachs raises target price to 5,200p from 4,550p |
| * BE Semiconductor BESI.AS: HSBC raises target price to EUR 240 from EUR 166 |
| * Bilfinger GBFG.DE: Kepler Cheuvreux cuts target price to EUR 115 from EUR 119 |
| * Bouygues BOUY.PA: Kepler Cheuvreux raises target price to EUR 53 from EUR 43 |
| * BPER EMII.MI: UBS cuts target price to EUR 12.50 from EUR 13.50 |
| * BPER EMII.MI: UBS cuts to neutral from buy |
| * Brenntag BNRGn.DE: Deutsche Bank raises target price to EUR 67 from EUR 57 |
| * Brenntag SE BNRGn.DE: Morgan Stanley raises target price to EUR 52 from EUR 46 |
| * Burberry BRBY.L: Bernstein cuts target price to 1,300p from 1,500p |
| * Burberry BRBY.L: JP Morgan raises target price to 980p from 950p |
| * Burberry BRBY.L: UBS raises target price to 1,420p from 1,410p |
| * Card Factory CARDC.L: Berenberg cuts target price to 80p from 110p |
| * Card Factory CARDC.L: Berenberg cuts to hold from buy |
| * Carel Industries SpA CRLI.MI: UBS raises target price to EUR 33.40 from EUR 28 |
| * Centrica CNA.L: JP Morgan cuts target price to 235p from 245p |
| * Colruyt NV COLR.BR: Bernstein initiates coverage with market perform rating |
| * Colruyt NV COLR.BR: Bernstein initiates coverage with price target EUR 33 |
| * Conduit Holdings Ltd CRE.L: RBC raises target price to 450p from 390p |
| * Currys Plc CURY.L: Berenberg cuts target price to 205p from 215p |
| * DFS Furniture Plc DFSD.L: Berenberg cuts target price to 210p from 235p |
| * Dunelm Group Plc DNLM.L: Berenberg cuts target price to 1332p from 1350p |
| * Fevertree Drinks Plc FEVR.L: Berenberg cuts target price to 780p from 920p |
| * Fraport AG FRAG.DE: UBS cuts target price to EUR 65 from EUR 67 |
| * Fraport AG FRAG.DE: UBS raises to neutral from sell |
| * Generali GASI.MI: Morgan Stanley cuts to equal weight from overweight |
| * Grainger GRI.L: Jefferies cuts target price to 210p from 232p |
| * Grainger Plc GRI.L: Deutsche Bank cuts target price to 238p from 336p |
| * Hiscox Ltd HSX.L: Morgan Stanley raises target price to 1,800p from 1,700p |
| * Hochtief AG HOTG.DE: Barclays raises target price to EUR 494 from EUR 457 |
| * Hochtief AG HOTG.DE: BofA Global Research raises price objective to EUR 605 from EUR 460 |
| * HSBC Holdings Plc HSBA.L: Barclays raises target price to 1,600p from 1,500p |
| * Ihg IHG.L: Bernstein raises target price to $154 from $141 |
| * IMCD NV IMCD.AS: Morgan Stanley raises target price to EUR 105 from EUR 95 |
| * ITV Plc ITV.L: Barclays cuts target price to 80p from 85p |
| * Julius Baer BAER.S: Kepler Cheuvreux raises target price to CHF 68 from CHF 66 |
| * Kingfisher KGF.L: Berenberg cuts target price to 295p from 310p |
| * Lindt & Spruengli LISN.S: Barclays cuts target price to CHF 100,000 from CHF 106,000 |
| * LVMH Moet Hennessy Louis Vuitton SA LVMH.PA: Morgan Stanley cuts PT to EUR 540 from EUR 565 |
| * M&G Plc MNG.L: Morgan Stanley raises target price to 310p from 280p |
| * M&S MKS.L: Bernstein initiates coverage with price target 440p |
| * M&S MKS.L: Bernstein initiates coverage with outperform rating |
| * Moonpig Group Plc MOONM.L: Berenberg cuts target price to 300p from 330p |
| * Mowi ASA MOWI.OL: Kepler Cheuvreux raises target price to NOK 225 from NOK 220 |
| * Mowi ASA MOWI.OL: Kepler Cheuvreux raises to buy from hold |
| * National Grid NG.L: Barclays raises target price to 1,500p from 1,400p |
| * National Grid NG.L: Kepler Cheuvreux cuts target price to 1,400p from 1,550p |
| * NN Group NV NN.AS: Morgan Stanley raises target price to EUR 72 from EUR 67 |
| * Nokia NOKIA.HE: Deutsche Bank raises target price to EUR 13.50 from EUR 8.50 |
| * Nordic Semiconductor NOD.OL: Kepler Cheuvreux raises target price to NOK 230 from NOK 200 |
| * Pets at Home PETSP.L: Berenberg cuts target price to 200p from 220p |
| * Pirelli & C SpA PIRC.MI: Morgan Stanley raises target price to EUR 6.50 from EUR 6.41 |
| * Porsche SE PSHG_p.DE: Bernstein cuts target price to EUR 35 from EUR 38 |
| * Poste Italiane SpA PST.MI: Morgan Stanley raises target price to EUR 24 from EUR 23 |
| * Premier Foods PFD.L: Deutsche Bank raises target price to 250p from 240p |
| * Premier Foods PFD.L: Kepler Cheuvreux raises target price to 230p from 220p |
| * Prudential Plc PRU.L: Morgan Stanley cuts target price to 1,400p from 1,420p |
| * Reckitt Benckiser RKT.L: Morgan Stanley cuts target price to 5,800p from 6,200p |
| * Rheinmetall AG RHMG.DE: Berenberg cuts target price to EUR 1750 from EUR 2100 |
| * Rio Tinto RIO.L: Alphavalue raises target price to 9,598p from 8,747p |
| * Safestore Holdings Plc SAFE.L: Citigroup cuts target price to 1038p from 1050p |
| * Sandvik AB SAND.ST: RBC cuts target price to SEK 425 from SEK 450 |
| * Shurgard Self Storage Ltd SHUR.BR: JP Morgan cuts target price to EUR 35 from EUR 40 |
| * Siemens Healthineers SHLG.DE: Deutsche Bank cuts target price to EUR 38 from EUR 42 |
| * Société Générale SOGN.PA: Kepler Cheuvreux raises target price to EUR 70.70 from EUR 65.10 |
| * Société Générale SOGN.PA: Kepler Cheuvreux raises to hold from reduce |
| * Standard Chartered Plc STAN.L: Barclays raises target price to 2,100p from 1,950p |
| * Standard Life Plc SDLF.L: JP Morgan raises target price to 950p from 620p |
| * Standard Life Plc SDLF.L: JP Morgan raises to overweight from underweight |
| * Tate & Lyle TATE.L: Deutsche Bank raises target price to 595p from 460p |
| * Technoprobe TPRO.MI: Deutsche Bank raises target price to EUR 35 from EUR 19.50 |
| * Tokmanni Group TOKMAN.HE: Kepler Cheuvreux cuts target price to EUR 7 from EUR 7.70 |
| * Tryg TRYG.CO: Morgan Stanley cuts target price to DKK 165 from DKK 170 |
| * UMG UMG.AS: JP Morgan raises target price to EUR 48.1 from EUR 41 |
| * Victorian Plumbing Group Plc VIC.L: Berenberg cuts target price to 115p from 125p |
| * Victrex Plc VCTX.L: Peel Hunt cuts target price to 700p from 775p |
| * Warpaint London Plc W7L.L: Berenberg cuts target price to 425p from 470p |
| * Watches of Switzerland WOSG.L: Goldman Sachs raises target price to 680p from 600p |
| * Watches of Switzerland Group WOSG.L: Barclays raises target price to 725p from 645p |
| * Watches of Switzerland Group WOSG.L: UBS raises target price to 600p from 565p |
| * Wickes Group Plc WIX.L: Berenberg cuts target price to 265p from 280p |
| * Wizz Air Holdings Plc WIZZ.L: Morgan Stanley raises target price to 930p from 900p |
