| * AAK AAK.ST: UBS cuts target price to SEK 305 from SEK 310 |
| * Airtel Africa AAF.L: Goldman Sachs raises target price to 302p from 223p |
| * Allianz SE ALVG.DE: RBC initiates coverage with sector perform rating |
| * Allianz SE ALVG.DE: RBC initiates coverage with target price EUR 405 |
| * Aperam SA APAM.AS: Kepler Cheuvreux raises target price to EUR 41.6 from EUR 34.9 |
| * Applied Nutrition Plc APNA.L: Berenberg raises target price to 290p from 280p |
| * Applied Nutrition Plc APNA.L: Peel Hunt raises target price to 250p from 210p |
| * ArcelorMittal SA MT.LU: Morgan Stanley raises PT to EUR 54.3 from EUR 46.2 |
| * Aspo Oyj ASPO.HE: Evli Research cuts target price to EUR 8.2 from EUR 8.5 |
| * Aspo Oyj ASPO.HE: Evli Research cuts to accumulate from buy |
| * Avolta AVOL.S: UBS raises target price to CHF 65 from CHF 48 |
| * Avolta AVOL.S: UBS raises to buy from neutral |
| * AXA AXAF.PA: RBC initiates coverage with outperform rating |
| * AXA AXAF.PA: RBC initiates coverage with target price EUR 48 |
| * Barclays BARC.L: BofA Global Research raises PT to 570p from 530p |
| * BASF SE BASFn.DE: Berenberg raises raises target price to EUR 48 from EUR 38 |
| * BASF SE BASFn.DE: Berenberg raises to hold from sell |
| * BNP Paribas SA BNPP.PA: Deutsche Bank raises target price to EUR 96 from EUR 92 |
| * Capgemini CAPP.PA: Citigroup cuts target price to EUR 160 from EUR 170 |
| * Capgemini CAPP.PA: JP Morgan cuts target price to EUR 150 from EUR 155 |
| * Cellnex CLNX.MC: Kepler Cheuvreux cuts target price to EUR 40 from EUR 47 |
| * Comet COTNE.S: UBS raises target price to CHF 316 from CHF 275 |
| * Credit Agricole SA CAGR.PA: Deutsche Bank cuts to hold from buy |
| * Daetwyler Holding AG DAE.S: Berenberg raises target price to CHF 143 from CHF 129 |
| * Ecora Royalties Plc ECORE.L: Peel Hunt cuts to hold from buy |
| * Ecora Royalties Plc ECORE.L: Peel Hunt raises PT to 154p from 115p |
| * Embracer EMBRACb.ST: Wedbush cuts target price to SEK 60 from SEK 95 |
| * Endeavour Mining EDV.L: Morgan Stanley raises target price to 5170p from 4580p |
| * Finecobank S.P.A FBK.MI: UBS raises target price to EUR 23.8 from EUR 21.8 |
| * Finecobank S.P.A FBK.MI: UBS raises to buy from neutral |
| * Flughafen Zuerich AG FHZN.S: BofA Global Research raises PT to CHF 286 from CHF 280 |
| * Flughafen Zurich AG FHZN.S: Deutsche Bank cuts target price to CHF 237 from CHF 240 |
| * Flughafen Zurich AG FHZN.S: Morgan Stanley cuts target price to CHF 226 from CHF 230 |
| * Genmab GMAB.CO: Jefferies resumes coverage with buy rating |
| * Genmab GMAB.CO: Jefferies resumes coverage with PT DKK 2650 |
| * Georg Fischer AG GF.S: Berenberg cuts target price to CHF 69 from CHF 75 |
| * Glanbia GL9.I: Barclays raises target price to EUR 18 from EUR 17 |
| * GSK GSK.L: Berenberg raises target price to 2000p from 1660p |
| * Helios Towers HTWS.L: BofA Global Research raises PT to 214p from 186p |
| * HgCapital Trust Plc HGT.L: JP Morgan cuts to underweight from neutral |
| * Iomart Group Plc IOMG.L: Peel Hunt cuts target price to 16p from 25p |
| * Ipsen IPN.PA: Deutsche Bank raises target price to EUR 170 from EUR 155 |
| * Italy'S Prysmian PRY.MI: Berenberg cuts to hold from buy |
| * Italy'S Prysmian PRY.MI: Berenberg raises target price to EUR 92 from EUR 75 |
| * Kardex Holding AG KARN.S: Kepler Cheuvreux cuts target price to CHF 350 from CHF 360 |
| * KBC Groep NV KBC.BR: JP Morgan raises target price to EUR 122 from EUR 112 |
| * Koninklijke Philips NV PHG.AS: Alphavalue raises PT to EUR 36.8 from EUR 31.3 |
| * Koninklijke Philips NV PHG.AS: Alphavalue raises to buy from add |
| * Magnum ICE Cream Company NV MICCT.AS: BofA Global Research raises PT to EUR 14.40 from EUR 13.80 |
| * Mercedes MBGn.DE: UBS cuts target price to EUR 58 from EUR 63 |
| * MHA Plc MHA.L: Stifel initiates coverage with buy rating |
| * MHA Plc MHA.L: Stifel initiates coverage with price target 205p |
| * Natwest Group Plc NWG.L: Kepler Cheuvreux raises target price to 725p from 715p |
| * Nexans NEXS.PA: Berenberg raises target price to EUR 165 from EUR 160 |
| * NKT A/S NKT.CO: Berenberg raises target price to DKK 745 from DKK 720 |
| * Novartis NOVN.S: TD Cowen raises target price to CHF 138 from CHF 125 |
| * Pinewood Technologies Group Plc PINE.L: Berenberg reinstates coverage with buy rating |
| * Pinewood Technologies Group Plc PINE.L: Berenberg reinstates coverage with PT 725p |
| * S4 Capital Plc SFOR.L: Morgan Stanley raises target price to 22p from 20p |
| * SAAB SAABb.ST: Citigroup raises target price to SEK 516 from SEK 374 |
| * SAAB SAABb.ST: Kepler Cheuvreux raises target price to SEK 490 from SEK 420 |
| * Safran SAF.PA: Citigroup raises target price to EUR 342 from EUR 275 |
| * Schroders SDR.L: Morgan Stanley raises target price to 612p from 439p |
| * Schroders SDR.L: Morgan Stanley raises to equal weight from underweight |
| * Securitas AB SECUb.ST: Morgan Stanley raises target price to SEK 122 from SEK 114 |
| * SGS SA SGSN.S: Morgan Stanley raises target price to CHF 102 from CHF 100 |
| * Siemens SIEGn.DE: Morgan Stanley raises target price to EUR 250 from EUR 230 |
| * Smurfit Westrock SWR.L: Barclays raises target price to 4,100p from 3,500p |
| * Sobi SOBIV.ST: Deutsche Bank raises target price to SEK 450 from SEK 370 |
| * Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 78 from EUR 75 |
| * SSP Group Plc SSPG.L: UBS raises target price to 245p from 180p |
| * SSP Group Plc SSPG.L: UBS raises to buy from neutral |
| * St. James's Place SJP.L: JP Morgan raises target price to 1740p from 1726p |
| * Stellantis NV STLAM.MI: BofA Global Research cuts PT to EUR 7.50 from EUR 10.30 |
| * Theon International Plc THEON.AS: Stifel raises PT to EUR 34 from EUR 27.5 |
| * Theon International Plc THEON.AS: Stifel raises to buy from hold |
| * Totalenergies SE TTEF.PA: TD Cowen raises target price to EUR 66 from EUR 60 |
| * Umicore SA UMI.BR: Degroof Petercam raises target price to EUR 21 from EUR 17 |
| * Unilever ULVR.L: Kepler Cheuvreux cuts to hold from buy |
| * Unilever ULVR.L: Kepler Cheuvreux raises target price to 5,900p from 5,800p |
| * Vimian Group AB VIMIAN.ST: UBS cuts target price to SEK 30 from SEK 34 |
| * Zegona ZEG.L: Deutsche Bank raises target price to 2200p from 1550p |
