| * Accesso Technology Group Plc ACSO.L: Deutsche Bank cuts target price to 700p from 800p |
| * Adecco Group AG ADEN.S: Citigroup cuts target price to CHF 28.60 from CHF 32 |
| * Adyen NV ADYEN.AS: Morgan Stanley cuts target price to EUR 2130 from EUR 2150 |
| * Aedifica NV AOO.BR: Exane BNP Paribas raises to neutral from underperform |
| * Ageas SA AGES.BR: JP Morgan cuts target price to EUR 65 from EUR 68 |
| * Allianz SE ALVG.DE: Barclays raises target price to EUR 325 from EUR 320 |
| * Anglo American Plc AAL.L: Barclays cuts target price to 2650p from 3000p |
| * Antofagasta ANTO.L: Barclays cuts target price to 1975p from 2000p |
| * AP Moller Maersk MAERSKb.CO: Barclays cuts target price to DKK 9300 from DKK 9600 |
| * Ashmore ASHM.L: JP Morgan cuts target price to 124p from 150p |
| * ASML Holding NV ASML.AS: Degroof Petercam cuts target price to EUR 800 from EUR 925 |
| * AstraZeneca AZN.L: Exane BNP Paribas initiates with outperform rating; target 11,500p |
| * Avanza AVANZ.ST: UBS cuts target price to SEK 270 from SEK 275 |
| * Avanza Bank Holding AB AVANZ.ST: Barclays raises target price to SEK 280 from SEK 270 |
| * B&M BMEB.L: Deutsche Bank raises target price to 435p from 425p |
| * Beiersdorf BEIG.DE: Deutsche Bank cuts target price to EUR 99 from EUR 102 |
| * Beiersdorf BEIG.DE: HSBC cuts target price to EUR 145 from EUR 150 |
| * Beiersdorf AG BEIG.DE: Berenberg cuts target price to EUR 163 from EUR 165 |
| * Beiersdorf AG BEIG.DE: BofA Global Research cuts price objective to EUR 150 from EUR 156 |
| * Beiersdorf AG BEIG.DE: Morgan Stanley cuts target price to EUR 130 from EUR 131 |
| * Beiersdorf AG BEIG.DE: UBS cuts target price to EUR 112 from EUR 117 |
| * Beijer Ref BEIJb.ST: Berenberg cuts target price to SEK 165 from SEK 180 |
| * Big Technologies Plc BIGB.L: Panmure Liberum cuts target price to 135p from 170p |
| * Big Yellow Group Plc BYG.L: Exane BNP Paribas raises to neutral from underperform |
| * Bioarctic AB BIOAb.ST: RBC cuts target price to SEK 280 from SEK 340 |
| * Boliden BOL.ST: Barclays cuts target price to SEK 265 from SEK 313 |
| * BP Plc BP.L: Morgan Stanley cuts target price to 377p from 450p |
| * Bunzl BNZL.L: JP Morgan cuts target price to 3500p from 3900p |
| * Carrefour CARR.PA: Barclays cuts target price to EUR 15.5 from EUR 19 |
| * Ceres Power Holdings Plc CWR.L: Peel Hunt cuts target price to 120p from 550p |
| * Colonial COL.MC: Exane BNP Paribas cuts to neutral from outperform |
| * Dassault Systemes SA DAST.PA: Morgan Stanley cuts target price to EUR 43.5 from EUR 45 |
| * Deliveroo Plc ROO.L: Citigroup raises target price to 131p from 129p |
| * Delivery Hero SE DHER.DE: Citigroup cuts target price to EUR 23.50 from EUR 26 |
| * Delivery Hero SE DHER.DE: Citigroup raises to neutral from sell |
| * DSV A/S DSV.CO: Barclays cuts target price to DKK 1650 from DKK 1870 |
| * Endeavour Mining EDV.L: Barclays raises target price to 3500p from 2215p |
| * ENI SpA ENI.MI: Morgan Stanley cuts target price to EUR 13.3 from EUR 15 |
| * Equinor EQNR.OL: Morgan Stanley cuts target price to NOK 285 from NOK 310 |
| * Ferrexpo Plc FXPO.L: Barclays cuts target price to 96p from 100p |
| * Flughafen Zuerich AG FHZN.S: Citigroup cuts target price to CHF 235 from CHF 240 |
| * Fortnox AB FNOX.ST: Morgan Stanley raises target price to SEK 89.75 from SEK 60 |
| * Fortnox AB FNOX.ST: Morgan Stanley raises to equal weight from underweight |
| * Galp Energia GALP.LS: Morgan Stanley cuts target price to EUR 14 from EUR 15.2 |
| * Georg Fischer GF.S: UBS cuts target price to CHF 75 from CHF 82 |
| * Glencore GLEN.L: Barclays cuts target price to 420p from 460p |
| * Hannover Re HNRGn.DE: Morgan Stanley raises target price to EUR 297 from EUR 292 |
| * Hays HAYS.L: Citigroup cuts target price to 110p from 120p |
| * HBX Group International Plc HBX.MC: Morgan Stanley cuts target to EUR 17 from EUR 18 |
| * Hochschild Mining HOCM.L: Barclays raises target price to 385p from 250p |
| * ING INGA.AS: UBS cuts target price to EUR 20.5 from EUR 21 |
| * Integrafin IHPI.L: Deutsche Bank cuts target price to 350p from 360p |
| * Integrafin Holdings Plc IHPI.L: Barclays cuts target price to 400p from 425p |
| * Inwit INWT.MI: HSBC cuts target price to EUR 11.5 from EUR 12.5 |
| * Kuehne & Nagel International AG KNIN.S: Barclays cuts target price to CHF 190 from CHF 210 |
| * KWS SAAT SE & Co KGaA KWSG.DE: Stifel cuts target price to EUR 70 from EUR 79 |
| * Liontrust LIO.L: Deutsche Bank cuts target price to 330p from 385p |
| * Liontrust Asset Management Plc LIO.L: Barclays cuts target price to 440p from 485p |
| * Lonza Group AG LONN.S: Barclays cuts target price to CHF 670 from CHF 710 |
| * L'Oréal OREP.PA: HSBC cuts target price to EUR 338 from EUR 347 |
| * LVMH LVMH.PA: Bernstein cuts target price to EUR 600 from EUR 625 |
| * LVMH LVMH.PA: Stifel cuts target price to EUR 570 from EUR 650 |
| * LVMH LVMH.PA: TD Cowen cuts to hold from buy; cuts target price to EUR 500 from EUR 840 |
| * Maersk MAERSKb.CO: Citigroup raises target price to DKK 11,093 from DKK 9,500 |
| * Maersk MAERSKb.CO: Citigroup raises to neutral from sell |
| * Munich Re Group MUVGn.DE: Morgan Stanley raises target price to EUR 568 from EUR 523 |
| * Nemetschek SE NEKG.DE: Morgan Stanley cuts target price to EUR 105 from EUR 107 |
| * Next 15 Group Plc NFGN.L: Deutsche Bank cuts target price to 589p from 778p |
| * Nordex SE NDXG.DE: Berenberg initiates coverage with buy rating; price target EUR 19 |
| * Norsk Hydro NHY.OL: Barclays cuts target price to NOK 75 from NOK 100 |
| * Novartis AG NOVN.S: BofA Global Research raises price objective to CHF 114 from CHF 108 |
| * Novo Nordisk NOVOb.CO: Barclays cuts target price to DKK 700 from DKK 900 |
| * Novo Nordisk NOVOb.CO: Guggenheim cuts target price to DKK 645 from DKK 798 |
| * Pagegroup PAGE.L: Citigroup cuts target price to 440p from 450p |
| * Pearson PSON.L: JP Morgan cuts target price to 1,330p from 1,450p |
| * Planisware SA PLNW.PA: Citigroup cuts target price to EUR 30 from EUR 35 |
| * R&S Group RSGN.S: UBS raises target price to CHF 24.9 from CHF 24.7 |
| * Randstad NV RAND.AS: Citigroup cuts target price to EUR 34.40 from EUR 40 |
| * Relx REL.L: Morgan Stanley cuts target price to 4520p from 4610p |
| * Repsol REP.MC: Morgan Stanley cuts target price to EUR 12 from EUR 13.4 |
| * Rio Tinto Plc RIO.L: Barclays cuts target price to 5300p from 6150p |
| * Rockwool ROCKb.CO: Morgan Stanley raises target price to DKK 300 from DKK 259 |
| * Rockwool ROCKb.CO: Morgan Stanley raises to overweight from equal weight |
| * Romande Energie Holding SA REHN.S: Baader Helvea cuts target to CHF 44 from CHF 49 |
| * Sage Group SGE.L: Morgan Stanley cuts target price to 1485p from 1500p |
| * Saipem SPMI.MI: Morgan Stanley cuts target price to EUR 3.2 from EUR 3.3 |
| * Salvatore Ferragamo SpA SFER.MI: Stifel cuts target price to EUR 6 from EUR 7 |
| * Sanofi SASY.PA: Exane BNP Paribas initiates with outperform rating; target EUR 115 |
| * Scor SE SCOR.PA: Morgan Stanley raises target price to EUR 31.8 from EUR 29 |
| * SFC Energy F3CG.DE: Deutsche Bank initiates coverage with buy rating and target EUR 33 |
| * SFS Group AG SFSN.S: UBS cuts target price to CHF 130 from CHF 140 |
| * Shell Plc SHEL.L: Morgan Stanley cuts target price to 2727p from 3150p |
| * SIG Group AG SIGNC.S: Jefferies cuts target price to CHF 19 from CHF 21.1 |
| * Sika AG SIKA.S: JP Morgan cuts target price to CHF 195 from CHF 212 |
| * Sika AG SIKA.S: Morgan Stanley cuts target price to CHF 257 from CHF 273 |
| * Sinch AB SINCH.ST: Morgan Stanley cuts target price to SEK 19.5 from SEK 21.5 |
| * Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 44 from EUR 43.5 |
| * Straumann STMN.S: UBS cuts target price to CHF 95 from CHF 108 |
| * Swedish Orphan Biovitrum SOBIV.ST: Berenberg cuts target price to SEK 360 from SEK 400 |
| * TAG Immobilien AG TEGG.DE: Exane BNP Paribas resumes coverage with neutral rating |
| * Talanx AG TLXGn.DE: Morgan Stanley raises target price to EUR 96 from EUR 91 |
| * Theon International THEON.AS: UBS raises target price to EUR 40 from EUR 37 |
| * Totalenergies SE TTEF.PA: Morgan Stanley cuts target price to EUR 55.3 from EUR 61 |
| * UCB SA UCB.BR: Exane BNP Paribas initiates with outperform rating; target price EUR 182 |
| * Veolia VIE.PA: Jefferies cuts target price to EUR 25 from EUR 31 |
| * Veolia VIE.PA: Jefferies cuts to underperform from hold |
| * VGP NV VGP1.BR: Exane BNP Paribas raises to neutral from underperform |
| * Victrex Plc VCTX.L: Deutsche Bank cuts target price to 1050p from 1280p |
| * Wise Plc WISEa.L: Deutsche Bank raises target price to 990p from 950p |
| * Wise Plc WISEa.L: Wells Fargo cuts target price to 995p from 1050p |
| * Wolters Kluwer WLSNc.AS: Morgan Stanley cuts target price to EUR 166.5 from EUR 170 |
| * Worldline SA WLN.PA: Morgan Stanley cuts target price to EUR 7 from EUR 7.25 |
| * XPS Pensions Group Plc XPS.L: Canaccord Genuity raises target price to 435p from 434p |
