| * Air France-KLM AIRF.PA: JP Morgan raises target price to EUR 14 from EUR 8 |
| * Air France-KLM AIRF.PA: JP Morgan raises to overweight from neutral |
| * Ams-Osram AG AMS.S: JP Morgan cuts target price to CHF 5.35 from CHF 8.9 |
| * Ams-Osram AG AMS.S: JP Morgan cuts to underweight from neutral |
| * ASML Holding NV ASML.AS: JP Morgan raises target price to EUR 1100 from EUR 1000 |
| * Bunzl BNZL.L: RBC cuts target price to 2200p from 2350p |
| * Bureau Veritas BVI.PA: RBC cuts target price to EUR 26.5 from EUR 28.5 |
| * Bureau Veritas BVI.PA: RBC cuts to underperform from sector perform |
| * Compass Group CPG.L: RBC raises target price to 2775p from 2700p |
| * Compass Group CPG.L: RBC raises to outperform from sector perform |
| * Deutsche Lufthansa AG LHAG.DE: JP Morgan raises target price to EUR 7.5 from EUR 5.3 |
| * Deutsche Lufthansa AG LHAG.DE: JP Morgan raises to neutral from underweight |
| * DHL Group DHLn.DE: JP Morgan raises target price to EUR 53.5 from EUR 47.5 |
| * DSV DSV.CO: JP Morgan raises target price to DKK 2130 from DKK 1915 |
| * EasyJet EZJ.L: JP Morgan cuts target price to 400p from 500p |
| * EasyJet EZJ.L: JP Morgan cuts to underweight from neutral |
| * Hapag-Lloyd AG HLAG.DE: JP Morgan cuts target price to EUR 65 from EUR 72 |
| * Hemnet HEM.ST: JP Morgan cuts target price to SEK 156.00 from SEK 158.00 |
| * Indra IDR.MC: Alphavalue raises target price to EUR 36.9 from EUR 27.1 |
| * Inpost SA INPST.AS: JP Morgan cuts target price to EUR 14 from EUR 15.2 |
| * Jet2 Plc JET2.L: JP Morgan cuts target price to 1450p from 1850p |
| * Jet2 Plc JET2.L: JP Morgan cuts to neutral from overweight |
| * Kuehne+Nagel KNIN.S: JP Morgan raises target price to CHF 140 from CHF 130 |
| * Maersk MAERSKb.CO: JP Morgan cuts target price to DKK 8000 from DKK 8800 |
| * Montea MONTE.BR: Deutsche Bank raises to buy from hold |
| * Nordic Semiconductor NOD.OL: JP Morgan cuts target price to NOK 155 from NOK 170 |
| * Novo Nordisk NOVOb.CO: Jefferies assumes coverage with PT DKK 270 vs DKK 290 |
| * Novo Nordisk NOVOb.CO: Jefferies assumes coverage with underperform rating |
| * OCI NV OCI.AS: ING cuts target price to EUR 5 from EUR 6.02 |
| * Orsted ORSTED.CO: Bernstein raises target price to DKK 125 from DKK 120 |
| * Orsted ORSTED.CO: Kepler Cheuvreux raises target price to DKK 155 from DKK 140 |
| * Pagegroup PAGE.L: Deutsche Bank cuts target price to 400p from 450p |
| * Philogen SpA PHIL.MI: Goldman Sachs cuts to neutral from buy |
| * Quadient SA QDT.PA: Kepler Cheuvreux cuts target price to EUR 20 from EUR 29 |
| * Reckitt RKT.L: Barclays raises raises target price to 7,000p from 6,300p |
| * Reckitt RKT.L: Barclays raises to overweight from equal weight |
| * Remy Cointreau RCOP.PA: Kepler Cheuvreux cuts target price to EUR 53 from EUR 57 |
| * Renk Group AG R3NK.DE: Kepler Cheuvreux cuts target price to EUR 68 from EUR 85 |
| * Richemont CFR.S: Deutsche Bank raises target price to CHF 195 from CHF 180 |
| * Richemont CFR.S: Deutsche Bank raises to buy from hold |
| * Rio Tinto RIO.L: RBC cuts target price to 4900p from 5000p |
| * Robert Walters RWA.L: Deutsche Bank cuts target price to 250p from 280p |
| * Rockwool ROCKb.CO: UBS cuts target price to DKK 212 from DKK 225 |
| * RWE AG RWEG.DE: Bernstein raises target price to EUR 50 from EUR 41 |
| * Ryanair RYA.I: JP Morgan raises target price to EUR 33.5 from EUR 30.5 |
| * Securitas AB SECUb.ST: RBC raises target price to SEK 170 from SEK 120 |
| * Securitas AB SECUb.ST: RBC raises to outperform from underperform |
| * SFS Group AG SFSN.S: UBS cuts target price to CHF 120 from CHF 130 |
| * SGS SA SGSN.S: RBC cuts target price to CHF 85 from CHF 86.5 |
| * SGS SA SGSN.S: RBC cuts to underperform from sector perform |
| * SSP Group Plc SSPG.L: JP Morgan cuts target price to 170p from 190p |
| * TAG TEGG.DE: Deutsche Bank cuts target price to EUR 18 from EUR 19 |
| * Telefonica TEF.MC: Citigroup resumes coverage with neutral rating |
| * Telefonica TEF.MC: Citigroup resumes coverage with target price EUR 3.9 |
| * Ubisoft UBIP.PA: UBS cuts target price to EUR 7 from EUR 10 |
| * Unibail Rodamco Westfield URW.PA: Deutsche Bank raises PT to EUR 105 from EUR 95 |
| * VAT Group AG VACN.S: JP Morgan raises target price to CHF 408 from CHF 347 |
| * VGP VGP1.BR: Deutsche Bank raises target price to EUR 120 from EUR 92 |
| * VGP VGP1.BR: Deutsche Bank raises to buy from hold |
| * Vonovia VNAn.DE: Deutsche Bank cuts target price to EUR 28 from EUR 30 |
| * WDP WDPP.BR: Deutsche Bank raises target price to EUR 26 from EUR 25 |
| * WH Smith Plc SMWH.L: JP Morgan raises target price to 800p from 750p |
| * Whitbread WTB.L: Deutsche Bank cuts target price to 3,375p from 3,750p |
| * Wilmington Plc WIL.L: Deutsche Bank raises target price to 465p from 435p |
| * Wizz Air WIZZ.L: JP Morgan raises target price to 1200p from 1050p |
| * Yellow Cake Plc YCA.L: Panmure Liberum raises raises PT to 630p from 550p |
| * Yellow Cake Plc YCA.L: Panmure Liberum raises to buy from hold |
