| * Airtel Africa AAF.L: Barclays raises target price to 350p from 330p |
| * Alfa Laval ALFA.ST: Deutsche Bank raises target price to SEK 540 from SEK 503 |
| * Ambu A/S AMBUb.CO: JP Morgan cuts target price to DKK 78 from DKK 90 |
| * Anglo American AAL.L: Berenberg raises target price to 4100p from 3400p |
| * Antofagasta ANTO.L: Berenberg raises target price to 4300p from 3300p |
| * Atalaya Mining Copper SA ATYM.L: Berenberg raises target price to 1270p from 1000p |
| * Babcock International BAB.L: Citigroup cuts to neutral from buy |
| * Babcock International BAB.L: Citigroup raises target price to 1554p from 1338p |
| * Banca Mediolanum S.P.A BMED.MI: UBS raises target price to EUR 22.5 from EUR 21.6 |
| * Beazley BEZG.L: Jefferies cuts to hold from buy |
| * Beazley BEZG.L: Jefferies raises target price to 1,310p from 982p |
| * Beazley Plc BEZG.L: Morgan Stanley raises target price to 1335p from 930p |
| * Boliden BOL.ST: Berenberg raises target price to SEK 770 from SEK 530 |
| * Carlsberg CARLb.CO: Jefferies raises target price to DKK 1,150 from DKK 1,050 |
| * Carlsberg As-B CARLb.CO: Barclays raises target price to DKK 785 from DKK 769 |
| * Central Asia Metals Plc CAML.L: Berenberg raises target price to 210p from 170p |
| * Coca-Cola Hellenic Bc AG CCH.L: Barclays raises target price to 4900p from 4700p |
| * Compass Group CPG.L: RBC cuts target price to 2,675p from 2,775p |
| * Credit Agricole SA CAGR.PA: UBS raises target price to EUR 21.2 from EUR 20.4 |
| * Delivery Hero DHER.DE: Deutsche Bank raises target price to EUR 21 from EUR 20 |
| * Demant DEMANT.CO: Morgan Stanley cuts target price to DKK 207 from DKK 221 |
| * DNB DNB.OL: Jefferies raises target price to NOK 315 from NOK 295 |
| * DNB DNB.OL: UBS raises target price to NOK 265 from NOK 260 |
| * DSV DSV.CO: BofA Global Research raises price objective to DKK 2200 from DKK 2100 |
| * DSV DSV.CO: Jefferies raises target price to DKK 2,200 from DKK 1,700 |
| * E.ON SE EONGn.DE: JP Morgan raises target price to EUR 18.75 from EUR 17.50 |
| * Ecora Royalties Plc ECORE.L: Berenberg raises target price to 190p from 150p |
| * Endeavour Mining Plc EDV.L: Berenberg raises target price to 5500p from 4600p |
| * Engie SA ENGIE.PA: JP Morgan cuts to neutral from overweight |
| * Equinor EQNR.OL: HSBC raises target price to NOK 247 from NOK 245 |
| * Equinor EQNR.OL: TD Cowen raises target price to NOK 236 from NOK 226 |
| * Equinor ASA EQNR.OL: UBS raises target price to NOK 215 from NOK 205 - |
| * Ferrari N.V. RACE.MI: Barclays cuts target price to EUR 365 from EUR 420 |
| * Fincantieri SpA FCT.MI: Jefferies cuts target price to EUR 18.1 from EUR 23.2 |
| * GEA Group AG G1AG.DE: Berenberg initiates coverage with buy rating |
| * GEA Group AG G1AG.DE: Berenberg initiates coverage with price target EUR 73 |
| * Givaudan SA GIVN.S: Berenberg cuts target price to CHF 3,580 from CHF 3,800 |
| * Gjensidige Forsikring GJFG.OL: Jefferies raises target price to NOK 311 from NOK 301 |
| * Glencore GLEN.L: Berenberg raises target price to 610p from 480p |
| * H Lundbeck A/S HLUNb.CO: UBS cuts target price to DKK 42 from DKK 46 |
| * Handelsbanken SHBa.ST: Jefferies raises target price to SEK 120 from SEK 115 |
| * Handelsbanken SHBa.ST: UBS raises target price to SEK 120 from SEK 118 |
| * Hochschild HOCM.L: Berenberg raises target price to 700p from 570p |
| * HSBC HSBA.L: JP Morgan raises target price to 1190p from 1060p |
| * Implenia AG IMPN.S: UBS raises target price to CHF 100 from CHF 75 |
| * Infineon Technologies IFXGn.DE: Deutsche Bank raises PT to EUR 48 from EUR 44 |
| * Infineon Technologies AG IFXGN.DE: HSBC raises target price to EUR 55 from EUR 50 |
| * Infineon Technologies AG IFXGn.DE: UBS raises target price to EUR 47 from EUR 44 |
| * Kerry Group Plc KYGa.I: Berenberg cuts target price to EUR 99 from EUR 107 |
| * Melexis MLXS.BR: Deutsche Bank cuts target price to EUR 65 from EUR 75 |
| * Melexis N.V. MLXS.BR: Morgan Stanley cuts target price to EUR 55 from EUR 80 |
| * Melexis NV MLXS.BR: Berenberg cuts target price to EUR 70 from EUR 75 |
| * National Grid Plc NG.L: Bernstein raises target price to 1,420p from 1,300p |
| * National Grid Plc NG.L: Morgan Stanley raises target price to 1400p from 1275p |
| * Novo Nordisk NOVOb.CO: BofA Global Research cuts price objective to DKK 350 from DKK 400 |
| * Novo Nordisk NOVOb.CO: Citigroup cuts target price to DKK 340 from DKK 400 |
| * Novo Nordisk NOVOb.CO: UBS cuts target price to DKK 332 from DKK 390 |
| * OMV OMVV.VI: UBS raises target price to EUR 55 from EUR 52 |
| * OMV AG OMVV.VI: HSBC cuts target price to EUR 44 from EUR 47 |
| * OMV AG OMVV.VI: HSBC cuts to reduce from hold |
| * Pan African Resources Plc PAFR.L: Berenberg raises target price to 154p from 125p |
| * Phoenix PHNX.L: Berenberg raises target price to 918p from 852p |
| * Phoenix PHNX.L: JP Morgan raises target price to 620p from 605p |
| * Publicis PUBP.PA: UBS cuts target price to EUR 109 from EUR 111 |
| * Pva Tepla AG TPEG.DE: Deutsche Bank cuts target price to EUR 31 from EUR 33 |
| * Renault RENA.PA: BofA Global Research cuts price objective to EUR 39 from EUR 42 |
| * Rentokil RTO.L: Jefferies raises target price to 540p from 475p |
| * Rheinmetall AG RHMG.DE: Berenberg cuts target price to EUR 2100 from EUR 2200 |
| * Rheinmetall AG RHMG.DE: Jefferies cuts target price to EUR 2,060 from EUR 2,170 |
| * Rio Tinto RIO.L: Berenberg raises target price to 6000p from 5300p |
| * RWE AG RWEG.DE: JP Morgan raises target price to EUR 57 from EUR 51 |
| * Salzgitter SZGG.DE: Deutsche Bank raises target price to EUR 60 from EUR 40 |
| * Santander SAN.MC: UBS raises target price to EUR 11.8 from EUR 11.3 |
| * Sartorius SATG_p.DE: Deutsche Bank raises target price to EUR 304 from EUR 285 |
| * Soitec SA SOIT.PA: Susquehanna cuts target price to EUR 40 from EUR 45 |
| * Standard Chartered Plc STAN.L: JP Morgan raises target price to 2170p from 1880p |
| * Svenska Handelsbanken SHBa.ST: Barclays cuts target price to SEK 132 from SEK 135 |
| * Swedbank SWEDa.ST: Barclays raises target price to SEK 289 from SEK 282 |
| * Symrise AG SY1G.DE: Berenberg cuts target price to EUR 79.25 from EUR 91.60 |
| * Watches of Switzerland Group WOSG.L: UBS cuts target price to 540p from 555p |
| * Unipol Assicurazioni S.P.A UNPI.MI: UBS cuts target price to EUR 20.8 from EUR 21.2 |
| * URW URW.PA: Citigroup raises target price to EUR 117.30 from EUR 101.10 |
| * Wartsila Corporation WRT1V.HE: Deutsche Bank raises target price to EUR 33 from EUR 29 |
| * Watches of Switzerland WOSG.L: Peel Hunt raises target price to 480p from 450p |
| * Watches of Switzerland Group WOSG.L: Barclays raises target price to 645p from 640p |
| * Yellow Cake Plc YCA.L: Berenberg raises target price to 738p from 704p |
| * YouGov Plc YOU.L: Deutsche Bank cuts target price to 370p from 438p |
