| * Acciona Energia ANE.MC: Barclays cuts target price to EUR 21 from EUR 23 |
| * ADP ADP.PA: JP Morgan cuts target price to EUR 130 from EUR 145 |
| * Aegon Ltd AEGN.AS: HSBC raises target price to EUR 7.9 from EUR 7.2 |
| * Aixtron AIXGn.DE: Barclays cuts target price to EUR 13 from EUR 17 |
| * Alcon Inc ALCC.S: UBS raises target price to CHF 100 from CHF 95 |
| * Allianz SE ALVG.DE: Berenberg raises target price to EUR 407 from EUR 376 |
| * Anheuser-Busch Inbev ABI.BR: Deutsche Bank raises target price to EUR 75 from EUR 55 |
| * Anheuser-Busch Inbev ABI.BR: Deutsche Bank raises to buy from hold |
| * Arkema SA AKE.PA: HSBC raises target price to EUR 102 from EUR 98 |
| * AstraZeneca AZN.L: Goldman Sachs adds stock to its european conviction list |
| * AstraZeneca AZN.L: Stifel raises target price to 14450p from 14100p - |
| * AXA AXAF.PA: Citigroup raises target price to EUR 42.10 from EUR 39.40 |
| * AXA AXAF.PA: HSBC raises target price to EUR 41.5 from EUR 37.5 |
| * B&M BMEB.L: RBC cuts target price to 375p from 450p |
| * Babcock International BAB.L: JP Morgan raises target price to 900p from 760p |
| * Bachem Holding AG BANB.S: UBS cuts target price to CHF 55 from CHF 58 |
| * BAE Systems BAES.L: JP Morgan raises target price to 1,725p from 1,630p |
| * Banco Comercial Portugues SA BCP.LS: Morgan Stanley raises PT to EUR 0.58 from EUR 0.57 |
| * Banco Comercial Portugues, S.A. BCP.LS: UBS cuts to neutral from buy |
| * Barry Callebaut AG BARN.S: Stifel cuts target price to CHF 1380 from CHF 1400 - |
| * BASF SE BASFn.DE: Jefferies raises target price to EUR 60 from EUR 56 |
| * Beiersdorf AG BEIG.DE: Barclays raises target price to EUR 148 from EUR 143 |
| * Bunzl BNZL.L: JP Morgan cuts target price to 4,000p from 4,100p |
| * Clariant AG CLN.S: Berenberg cuts PT to CHF 10 from CHF 12.80 |
| * Clariant AG CLN.S: Berenberg resumes coverage with hold rating |
| * Coca Cola HBC CCH.L: Goldman Sachs removes stock from its european conviction list |
| * Coloplast COLOb.CO: RBC raises target price to DKK 940 from DKK 920 |
| * Coloplast COLOb.CO: RBC raises to outperform from sector perform |
| * Cucinelli BCU.MI: Stifel cuts to hold from buy; raises PT to EUR 125 from EUR 115 - |
| * Danone DANO.PA: Stifel raises target price to EUR 74 from EUR 72 |
| * Dassault Aviation SA AM.PA: JP Morgan raises target price to EUR 280 from EUR 225 |
| * Dassault Systemes DAST.PA: Berenberg raises target price to EUR 44.40 from EUR 36 |
| * Dassault Systemes DAST.PA: Berenberg raises to buy from hold |
| * DHL Group DHLn.DE: Stifel cuts to hold from buy; cuts PT to EUR 40 from EUR 50 - |
| * Diageo DGE.L: Deutsche Bank raises to hold from sell |
| * Dino Polska DNP.WA: Barclays raises target price to PLN 475 from PLN 445 |
| * DNB DNB.OL: Goldman Sachs adds stock to its european conviction list |
| * DSV DSV.CO: Stifel raises target price to DKK 1950 from DKK 1600 - |
| * E.ON EONGn.DE: Morgan Stanley raises target price to EUR 15 from EUR 14 |
| * Endesa ELE.MC: Barclays raises target price to EUR 24.2 from EUR 22 |
| * Engie ENGIE.PA: Barclays raises target price to EUR 19 from EUR 18 |
| * Engie SA ENGIE.PA: Deutsche Bank raises target price to EUR 18.50 from EUR 17 |
| * Erste Group Bank AG ERST.VI: Deutsche Bank raises target price to EUR 72 from EUR 69 |
| * Exosens Sas EXENS.PA: JP Morgan raises target price to EUR 33.50 from EUR 28.50 |
| * Forvia SE FRVIA.PA: Deutsche Bank cuts target price to EUR 12.50 from EUR 15 |
| * Fresenius SE FREG.DE: Berenberg raises target price to EUR 45 from EUR 43 |
| * Georg Fischer AG GF.S: Berenberg raises target price to CHF 85 from CHF 80 |
| * Gerresheimer GXIG.DE: Deutsche Bank cuts target price to EUR 94 from EUR 96 |
| * Glanbia Plc GL9.I: Berenberg cuts target price to EUR 18 from EUR 24 |
| * Glencore GLEN.L: Goldman Sachs removes stock from its european conviction list |
| * Groupe SEB SEBF.PA: UBS raises target price to EUR 139 from EUR 135 |
| * Gtt GTT.PA: Berenberg raises target price to EUR 175 from EUR 158 |
| * Haleon HLN.L: Barclays raises target price to 445p from 415p |
| * Haleon Plc HLN.L: Deutsche Bank raises target price to 390p from 375p |
| * Hensoldt AG HAGG.DE: Deutsche Bank raises target price to EUR 62 from EUR 41 |
| * Hensoldt AG HAGG.DE: JP Morgan raises target price to EUR 50 from EUR 36 |
| * Holcim AG HOLN.S: Berenberg raises target price to CHF 92 from CHF 85 |
| * Howden Joinery HWDN.L: Jefferies cuts to hold from buy; cuts PT to 854p from 1020p |
| * IAG ICAG.MC: JP Morgan raises target price to EUR 6 from EUR 5.50 |
| * IMI IMI.L: HSBC raises target price to 2440p from 2375p |
| * IMI Plc IMI.L: Deutsche Bank raises target price to 2,250p from 2,200p |
| * IMI Plc IMI.L: RBC raises target price to 2,400p from 2,250p |
| * IMI Plc IMI.L: Stifel raises target price to 2250p from 2050p - |
| * ISS ISS.CO: Goldman Sachs removes stock from its european conviction list |
| * Just Eat Takeaway TKWY.AS: Barclays raises target price to EUR 20.3 from EUR 15.5 |
| * Jyske Bank JYSK.CO: Barclays cuts target price to DKK 586 from DKK 593 |
| * Kendrion NV SVEL.AS: Degroof Petercam cuts target price to EUR 13 from EUR 14 |
| * Kuehne Und Nagel International AG KNIN.S: Deutsche Bank cuts PT to CHF 251 from CHF 260 |
| * Kuehne Und Nagel International AG KNIN.S: Stifel raises to buy from hold |
| * Kuehne Und Nagel International AG KNIN.S: Stifel raises PT to CHF 290 from CHF 260 - |
| * Leonardo SpA LDOF.MI: JP Morgan raises target price to EUR 44 from EUR 33.50 |
| * Morgan Advanced Materials MGAMM.L: RBC cuts target price to 265p from 320p |
| * Munich Re MUVGn.DE: HSBC raises target price to EUR 575 from EUR 560 |
| * Nexi SpA NEXII.MI: UBS raises target price to EUR 9 from EUR 8 |
| * Nfon AG NFN.DE: Barclays raises target price to EUR 7 from EUR 6 |
| * Novo Nordisk NOVOb.CO: Goldman Sachs adds stock to its european conviction list |
| * Novo Nordisk NOVOb.CO: Stifel cuts to hold from buy; cuts PT to DKK 700 from DKK 780 - |
| * OTE Group OTEr.AT: Deutsche Bank raises target price to EUR 20 from EUR 19.50 |
| * Partners Group Holding AG PGHN.S: JP Morgan raises PT to CHF 1,540 from CHF 1,285 |
| * Partners Group Holding AG PGHN.S: JP Morgan raises to overweight from neutral |
| * Pearson PSON.L: Deutsche Bank raises target price to 1,307p from 1,243p |
| * Pearson Plc PSON.L: Barclays raises target price to 1330p from 1260p |
| * pharma Mar PHMR.MC: Needham raises target price to EUR 108 from EUR 95 - |
| * Polar Capital Holdings Plc POLR.L: Deutsche Bank cuts target price to 520p from 570p |
| * Qinetiq Group Plc QQ.L: JP Morgan raises target price to 570p from 535p |
| * Rathbone Brothers Plc RAT.L: Barclays cuts target price to 1830p from 1880p |
| * Rathbone Brothers Plc RAT.L: Barclays raises to equal-weight from underweight |
| * Renk Group AG R3NK.DE: JP Morgan raises target price to EUR 35 from EUR 25 |
| * Rheinmetall AG RHMG.DE: JP Morgan raises target price to EUR 1,200 from EUR 800 |
| * Rightmove RMV.L: UBS raises target price to 835p from 815p |
| * Rio Tinto RIO.L: Goldman Sachs adds stock to its european conviction list |
| * Rio Tinto Plc RIO.L: Barclays cuts target price to 6150p from 6300p |
| * Rolls Royce RR.L: Deutsche Bank raises target price to 860p from 630p |
| * Saint-Gobain SGOB.PA: Berenberg raises target price to EUR 94 from EUR 82 |
| * Saint-Gobain SGOB.PA: Goldman Sachs removes stock from its european conviction list |
| * Saint-Gobain SGOB.PA: Morgan Stanley raises target price to EUR 101 from EUR 95 |
| * Sanofi SASY.PA: Stifel raises target price to EUR 127 from EUR 125 - |
| * Scout24 SE G24n.DE: Deutsche Bank raises target price to EUR 110 from EUR 92 |
| * SEB SA SEBF.PA: Berenberg cuts target price to EUR 121 from EUR 132 |
| * Smith & Nephew SN.L: Deutsche Bank raises target price to 1,300p from 1,250p |
| * St James's Place SJP.L: Deutsche Bank raises target price to 1,200p from 1,150p |
| * St. James's Place SJP.L: Jefferies raises target price to 1266p from 1150p |
| * Sunrise Communications AG SUNN.S: Barclays cuts target price to CHF 36 from CHF 38 |
| * Swiss Re SRENH.S: UBS raises target price to CHF 155 from CHF 150 |
| * Swiss Re AG SRENH.S: Berenberg raises target price to CHF 161.40 from CHF 160 |
| * Taylor Wimpey TW.L: UBS raises target price to 155p from 153p |
| * Taylor Wimpey Plc TW.L: Morgan Stanley cuts target price to 125p from 135p |
| * Technip Energies TE.PA: Barclays raises target price to EUR 33 from EUR 28.5 |
| * Tecnicas Reunidas TRE.MC: Barclays raises target price to EUR 22 from EUR 20.5 |
| * Telecom Italia TLIT.MI: HSBC raises target price to EUR 0.37 from EUR 0.36 |
| * Thales TCFP.PA: JP Morgan raises target price to EUR 220 from EUR 195 |
| * U-Blox Holding AG UBXN.S: UBS raises target price to CHF 81 from CHF 71 |
| * Uniper UN0k.DE: UBS cuts target price to EUR 30 from EUR 34 |
| * Vallourec VLLP.PA: Barclays raises target price to EUR 23 from EUR 20 |
| * Vidrala VID.MC: Citigroup raises target price to EUR 103 from EUR 98 |
| * Vidrala SA VID.MC: UBS cuts target price to EUR 120 from EUR 123.50 |
| * Volvo VOLVb.ST: Goldman Sachs adds stock to its european conviction list |
| * Weir WEIR.L: Deutsche Bank raises target price to 2,610p from 2,580p |
| * Zealand pharma ZELA.CO: Goldman Sachs removes stock from its european conviction list |
