| * Adecco Group AG ADEN.S: Bernstein raises target price to CHF 25.80 from CHF 24.8 |
| * Adyen NV ADYEN.AS: BMO cuts target price to EUR 1,800 from EUR 2,000 |
| * Anheuser Busch Inbev SA ABI.BR: Bernstein cuts target to EUR 69.00 from EUR 74.00 |
| * Arbonia AG ARBNO.S: UBS cuts target price to CHF 11 from CHF 13.2 |
| * ArcelorMittal SA MT.AS: Jefferies cuts target price to EUR 27 from EUR 33 |
| * ArcelorMittal SA MT.LU: Goldman Sachs raises to buy rating |
| * Aroundtown AT1.F: Barclays raises target price to EUR 2.1 from EUR 1.7 |
| * ASMI ASMI.AS: KBC Securities cuts target price to EUR 486 from EUR 545 |
| * ASMI ASMI.AS: KBC Securities raises to ‘buy’ from ‘hold' |
| * Auto Trader Plc AUTOA.L: UBS cuts target price to 690p from 722p |
| * Barry Callebaut AG BARN.S: Kepler Cheuvreux cuts target to CHF 1300 from CHF 1500 |
| * BASF BASFn.DE: Deutsche Bank cuts target price to EUR 58 from EUR 60 |
| * BESI BESI.AS: KBC Securities cuts target price to EUR 110 from EUR 144 |
| * BESI BESI.AS: KBC Securities raises to ‘buy’ from ‘accumulate' |
| * BMW BMWG.DE: Deutsche Bank cuts target price to EUR 90 from EUR 100 |
| * BMW BMWG.DE: HSBC cuts target price to EUR 75 from EUR 80 |
| * BNP Paribas BNPP.PA: Jefferies raises target price to EUR 95 from EUR 90 |
| * BP BP.L: UBS cuts target price to 400p from 525p |
| * BP BP.L: UBS cuts to neutral from buy |
| * Capgemini CAPP.PA: Deutsche Bank cuts target price to EUR 180 from EUR 190 |
| * Capgemini CAPP.PA: Kepler Cheuvreux cuts target price to EUR 195 from EUR 205 |
| * Carlsberg CARLb.CO: Bernstein cuts target price to DKK 1,050.00 from DKK 1,150.00 |
| * Colonial COL.MC: Barclays cuts target price to EUR 5.2 from EUR 5.9 |
| * Covivio CVO.PA: Barclays cuts target price to EUR 58 from EUR 62 |
| * Croda CRDA.L: Goldman Sachs cuts to sell from neutral |
| * CTP NV CTPNV.AS: Barclays cuts target price to EUR 17 from EUR 19 |
| * CTS Eventim EVDG.DE: JP Morgan cuts target price to EUR 114 from EUR 117 |
| * Davide Campari-Milano NV CPRI.MI: UBS cuts target price to EUR 5.7 from EUR 6.3 |
| * Deliveroo Plc ROO.L: JP Morgan cuts target price to 157p from 182p |
| * Delivery Hero SE DHER.DE: JP Morgan cuts target price to EUR 38 from EUR 47 |
| * Derwent London DLN.L: Barclays cuts target price to 1820p from 2050p |
| * Deutsche Euroshop AG DEQGn.DE: Berenberg cuts target price to EUR 24 from EUR 27 |
| * Diageo DGE.L: Bernstein cuts target price to 2,475.00p from 2,770.00p |
| * Dometic Group AB (Publ) DOMETIC.ST: Jefferies cuts target price to SEK 51 from SEK 64 |
| * DR ING HC F Porsche AG P911_p.DE: HSBC cuts target price to EUR 48 from EUR 59 |
| * Enel ENEI.MI: Kepler Cheuvreux raises target price to EUR 9.3 from EUR 8.3 |
| * Entra ENTRA.OL: Barclays cuts target price to NOK 114 from NOK 120 |
| * Equita Group SpA EQUI.MI: Kepler Cheuvreux cuts to hold from buy |
| * Evolution EVOG.ST: Kepler Cheuvreux cuts target price to SEK 1250 from SEK 1300 |
| * Evonik Industries EVKn.DE: Deutsche Bank cuts target price to EUR 23 from EUR 24 |
| * Fabege FABG.ST: Barclays raises target price to SEK 78 from SEK 75 |
| * Ferrovial FERF.AS: Kepler Cheuvreux cuts target price to EUR 45.60 from EUR 48.25 |
| * Gecina GFCP.PA: Barclays cuts target price to EUR 105 from EUR 116 |
| * Havas HAVAS.AS: Barclays cuts target price to EUR 2.1 from EUR 2.15 |
| * Heineken Holding NV HEIO.AS: Bernstein cuts target price to EUR 98.00 from EUR 103.00 |
| * Heineken NV HEIN.AS: Bernstein cuts target price to EUR 107.00 from EUR 112.00 |
| * Hellofresh SE HFGG.DE: JP Morgan cuts target price to EUR 9 from EUR 13 |
| * Hellofresh SE HFGG.DE: JP Morgan cuts to neutral from overweight |
| * Hemnet HEM.ST: Exane BNP Paribas cuts to neutral from outperform |
| * Hexagon HEXAb.ST: Deutsche Bank cuts target price to SEK 120 from SEK 125 |
| * Hiab Oyj HIAB.HE: Kepler Cheuvreux cuts target price to EUR 41 from EUR 46 |
| * Hiab Oyj HIAB.HE: Kepler Cheuvreux raises to hold from reduce |
| * Hochschild HOCM.L: Peel Hunt raises target price to 315p from 265p |
| * Hufvudstaden HUFVa.ST: Barclays cuts target price to SEK 105 from SEK 110 |
| * Hydro NHY.OL: Goldman Sachs cuts to neutral rating |
| * Icade ICAD.PA: Barclays cuts target price to EUR 25 from EUR 33 |
| * Indra IDR.MC: UBS raises target price to EUR 35 from EUR 26 |
| * Intesa Sanpaolo SpA ISP.MI: Kepler Cheuvreux raises to buy from hold |
| * JCDecaux JCDX.PA: JP Morgan cuts target price to EUR 16 from EUR 20 |
| * JD Sports JD.L: Bernstein raises target price to 160p from 150p |
| * JTC Group JTC.L: Barclays initiates coverage with overweight rating and PT 1120p |
| * K+S SDFGn.DE: Deutsche Bank raises target price to EUR 10.5 from EUR 10 |
| * Konecranes KCRA.HE: Kepler Cheuvreux cuts target price to EUR 62 from EUR 68 |
| * Konecranes KCRA.HE: Kepler Cheuvreux raises to buy from hold |
| * Koninklijke Ahold Delhaize NV AD.AS: Bernstein cuts target price to EUR 31 from EUR 32 |
| * Kuehne + Nagel KNIN.S: UBS cuts target price to CHF 190 from CHF 212 |
| * Lagercrantz LAGRb.ST: Berenberg cuts target price to SEK 250 from SEK 275 |
| * Landsec LAND.L: Barclays raises target price to 760p from 740p |
| * Lanxess AG LXSG.DE: Goldman Sachs cuts to sell from buy |
| * Mandatum MANTA.HE: Inderes raises target price to EUR 5.4 from EUR 4.8; rating reduce |
| * Mears Group Plc MERG.L: Deutsche Bank raises target price to 480p from 460p |
| * Merlin Properties MRL.MC: Barclays cuts target price to EUR 12 from EUR 14.6 |
| * Metso METSO.HE: Inderes cuts target price to EUR 9.5 from EUR 11.0 |
| * Metso METSO.HE: Inderes raises to accumulate from reduce |
| * Montea MONTE.BR: Barclays cuts target price to EUR 77 from EUR 89 |
| * Pan African Resources Plc PAFR.L: Peel Hunt raises target price to 52p from 43p |
| * Pernod Ricard PERP.PA: Bernstein cuts target price to EUR 143.00 from EUR 164.00 |
| * Pinewood Technologies Group Plc PINE.L: Jefferies raises target to 600p from 575p |
| * Porsche AG P911_p.DE: Deutsche Bank cuts target price to EUR 55 from EUR 70 |
| * Quilter Plc QLT.L: Citigroup cuts target price to 140p from 170p |
| * Raspberry PI RPI.L: HSBC cuts target price to 445p from 480p |
| * Redcare Pharmacy NV RDC.DE: Kepler Cheuvreux cuts target to EUR 150 from EUR 152 |
| * Repsol REP.MC: HSBC cuts target price to EUR 11.5 from EUR 13 |
| * Rieter RIEN.S: UBS cuts target price to CHF 101 from CHF 135 |
| * Rightmove RMV.L: JP Morgan raises target price to 625p from 590p |
| * Rightmove RMV.L: UBS cuts target price to 803p from 835p |
| * Rightmove Plc RMV.L: Barclays raises target price to 700p from 580p |
| * Schibsted ASA SCHA.OL: JP Morgan raises target price to NOK 333 from NOK 309 |
| * Scout24 SE G24n.DE: Exane BNP Paribas raises target price to EUR 115 from EUR 88 |
| * Scout24 SE G24n.DE: Exane BNP Paribas raises to outperform from neutral |
| * Scout24 SE G24n.DE: JP Morgan raises target price to EUR 114 from EUR 107 |
| * Segro SGRO.L: Barclays cuts target price to 700p from 800p |
| * Signify LIGHT.AS: UBS cuts target price to EUR 22 from EUR 25.5 |
| * Snam SRG.MI: Citigroup cuts target price to EUR 4.30 from EUR 4.40 |
| * Snam SRG.MI: Citigroup cuts to sell from neutral |
| * Societe Generale SA SOGN.PA: RBC raises target price to EUR 40 from EUR 37 |
| * Softwareone SWON.S: Deutsche Bank cuts target price to CHF 6.2 from CHF 7.5 |
| * St. James's Place SJP.L: Citigroup cuts target price to 1120p from 1235p |
| * Starragtornos Group AG STGN.S: Kepler Cheuvreux raises target to CHF 53 from CHF 52 |
| * Stellantis NV STLAM.MI: HSBC cuts target price to EUR 9 from EUR 13 |
| * Stroeer SAXG.DE: JP Morgan cuts target price to EUR 59 from EUR 66 |
| * Swiss Prime Site SPSN.S: Barclays raises target price to CHF 102 from CHF 97 |
| * Telefonica TEF.MC: Kepler Cheuvreux raises target price to EUR 3.7 from EUR 3.6 |
| * Tesco TSCO.L: Barclays cuts target price to 400p from 415p |
| * Tesco TSCO.L: Citigroup cuts target price to 395p from 425p |
| * Tesco TSCO.L: JP Morgan cuts target price to 390p from 400p |
| * THG Plc THG.L: Peel Hunt cuts target price to 80p from 141p |
| * ThyssenKrupp TKAG.DE: Kepler Cheuvreux cuts target price to EUR 10.5 from EUR 12.4 |
| * Treatt Plc TET.L: Deutsche Bank cuts target price to 245p from 425p |
| * Tritax Big Box REIT BBOXT.L: Barclays cuts target price to 164p from 185p |
| * Tryg TRYG.CO: Jefferies cuts target price to DKK 180 from DKK 190 |
| * VGP NV VGP1.BR: Barclays cuts target price to EUR 73 from EUR 85 |
| * Volkswagen AG VOWG.DE: HSBC cuts target price to EUR 112 from EUR 136 |
| * Volvo Car AB VOLCARB.ST: HSBC cuts target price to SEK 18 from SEK 22 |
| * Warehouses De Pauw WDPP.BR: Barclays raises target price to EUR 27 from EUR 26.3 |
| * Wastbygg Gruppen AB (Publ) WBGRb.ST: Kepler Cheuvreux cuts PT to SEK 9 from SEK 40.45 |
| * WH Smith SMWH.L: HSBC cuts target price to 1200p from 1700p |
| * Wihlborgs WIHL.ST: Barclays cuts target price to SEK 100 from SEK 110 |
| * Wilmington Plc WIL.L: Berenberg initiates coverage with buy rating; price target 460p |
