| * Adidas ADSGN.DE: HSBC cuts target price to EUR 240 from EUR 260 |
| * Adidas ADSGN.DE: HSBC raises to buy from hold |
| * Aegean Airlines AGNr.AT: Barclays cuts target price to EUR 14.5 from EUR 15 |
| * Air France-KLM AIRF.PA: Barclays cuts target price to EUR 5 from EUR 7 |
| * Air Liquide AIRP.PA: Bernstein cuts target price to EUR 185 from EUR 195 |
| * Air Liquide AIRP.PA: Kepler Cheuvreux cuts PT to EUR 164 from EUR 176 |
| * Alfa Laval ALFA.ST: UBS raises to neutral from sell |
| * Amplifon SpA AMPF.MI: Barclays cuts target price to EUR 31.5 from EUR 32 |
| * Amundi SA AMUN.PA: Morgan Stanley cuts target price to EUR 65.9 from EUR 76.6 |
| * Anglo American AAL.L: Citigroup cuts target price to 2000p from 2600p |
| * Anglo American AAL.L: Deutsche Bank cuts target price to 2600p from 3000p |
| * Antofagasta ANTO.L: Citigroup cuts target price to 1750p from 2300p |
| * Antofagasta ANTO.L: Morgan Stanley cuts target price to 1730p from 1800p |
| * Antofagasta Plc ANTO.L: Deutsche Bank cuts target price to 1850p from 1950p |
| * Arkema AKE.PA: Deutsche Bank cuts target price to EUR 92 from EUR 100 |
| * Ashmore Group Plc ASHM.L: Morgan Stanley cuts target price to 162p from 176p |
| * AstraZeneca AZN.L: Bernstein cuts target price to 17200p from 19000p |
| * Aurubis AG NAFG.DE: Morgan Stanley raises target price to EUR 85 from EUR 81 |
| * Banca Pop. Sondrio BPSI.MI: Deutsche Bank raises PT to EUR 10.8 from EUR 7.7 |
| * Barclays Bank BARC.L: Morgan Stanley cuts target price to 350p from 375p |
| * Basic-Fit NV BFIT.AS: UBS cuts target price to EUR 19.80 from EUR 35.90 |
| * Basic-Fit NV BFIT.AS: UBS cuts to neutral from buy |
| * Bellway BWY.L: Barclays raises target price to 3031p from 3025p |
| * Billerud AB (Publ) BILL.ST: Kepler Cheuvreux cuts PT to SEK 135 from SEK 140 |
| * BNP Paribas BNPP.PA: Morgan Stanley cuts target price to EUR 87 from EUR 90 |
| * Boliden BOL.ST: Citigroup cuts target price to SEK 310 from SEK 360 |
| * Boliden BOL.ST: Morgan Stanley cuts target price to SEK 285 from SEK 315 |
| * Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 350 from SEK 360 |
| * Bossard Group BOS.S: UBS cuts target price to CHF 165 from CHF 175 |
| * Bridgepoint Group Plc BPTB.L: Morgan Stanley cuts target price to 300p from 380p |
| * Bucher Industries BUCN.S: UBS cuts target price to CHF 401 from CHF 440 |
| * Burberry Group BRBY.L: Bernstein cuts target price to 880p from 1300p |
| * Burberry Group BRBY.L: Deutsche Bank cuts target price to 900p from 1400p |
| * Burberry Group BRBY.L: HSBC cuts target price to 880p from 1090p |
| * CD Projekt CDR.WA: Deutsche Bank raises target price to PLN 180 from PLN 150 |
| * Central Asia Metals Plc CAML.L: Berenberg cuts target price to 190p from 200p |
| * Comet COTNE.S: UBS cuts target price to CHF 280 from CHF 310 |
| * Compagnie Financiere Richemont SA CFR.S: Bernstein cuts PT to CHF 155 from CHF 190 |
| * Compagnie Financiere Richemont SA CFR.S: HSBC cuts PT to CHF 180 from CHF 199 |
| * CVC Capital Partners Plc CVC.AS: Morgan Stanley cuts PT to EUR 15 from EUR 25 |
| * CVC Capital Partners Plc CVC.AS: Morgan Stanley cuts to equal weight from overweight |
| * Deutsche Bank DBKGn.DE: Morgan Stanley cuts target price to EUR 24 from EUR 26 |
| * Deutsche Boerse 4GLD.DE: Morgan Stanley raises target price to EUR 259 from EUR 242 |
| * Deutsche Lufthansa AG LHAG.DE: Barclays cuts target price to EUR 5 from EUR 6.5 |
| * DNB DNB.OL: Morgan Stanley raises target price to NOK 286 from NOK 280 |
| * DWS Group Gmbh & Co KGaA DWSG.DE: Morgan Stanley cuts PT to EUR 39.5 from EUR 49.1 |
| * Endeavour Mining EDV.L: Morgan Stanley raises target price to 2590p from 2290p |
| * EQT EQTAB.ST: Morgan Stanley cuts target price to SEK 249 from SEK 423 |
| * EQT EQTAB.ST: Morgan Stanley cuts to equal weight from overweight |
| * Experian EXPN.L: Deutsche Bank cuts target price to 4550p from 4750p |
| * Finnair FIA1S.HE: Barclays cuts target price to EUR 2.5 from EUR 2.8 |
| * Fiskars Oyj ABP FSKRS.HE: Inderes cuts PT to EUR 13.50 from EUR 15; rating reduce |
| * Fluidra FLUI.MC: Barclays cuts target price to EUR 26 from EUR 28 |
| * Fresnillo Plc FRES.L: Morgan Stanley raises target price to 870p from 800p |
| * Gamma Communications Plc GAMA.L: Berenberg raises PT to 2,000p from 1,900p |
| * Glencore GLEN.L: Citigroup cuts target price to 370p from 450p |
| * Glencore GLEN.L: Deutsche Bank cuts target price to 400p from 450p |
| * Glencore GLEN.L: Morgan Stanley cuts target price to 410p from 450p |
| * Gooch & Housego Plc GHH.L: Deutsche Bank cuts target price to 560p from 660p |
| * Hermes HRMS.PA: Bernstein cuts target price to EUR 2600 from EUR 2850 |
| * Hermes HRMS.PA: Deutsche Bank raises target price to EUR 2550 from EUR 2220 |
| * Hermes HRMS.PA: Deutsche Bank raises to buy from hold |
| * Hunting Plc HTG.L: Jefferies cuts target price to 420p from 450p |
| * Hydro NHY.OL: Citigroup cuts target price to NOK 60 from NOK 75 |
| * Hydro NHY.OL: Morgan Stanley cuts target price to NOK 85 from NOK 91 |
| * Infineon Technologies AG IFXGn.DE: TD Cowen cuts PT to EUR 33 from EUR 42 |
| * ING Groep NV INGA.AS: Kepler Cheuvreux raises PT to EUR 21.80 from EUR 20.10 |
| * ING Groep NV INGA.AS: RBC cuts target price to EUR 17 from EUR 18.25 |
| * Intermediate Capital Group Plc ICGIN.L: Morgan Stanley cuts PT to 2250p from 2850p |
| * International Airlines Group ICAG.L: Barclays cuts target price to 200p from 250p |
| * Investor INVEb.ST: Citigroup cuts target price to SEK 235 from SEK 260 |
| * ITV Plc ITV.L: UBS cuts target price to 63p from 73p |
| * ITV Plc ITV.L: UBS cuts to sell from neutral |
| * Julius Baer BAER.S: Morgan Stanley cuts target price to CHF 54 from CHF 67 |
| * Jupiter Fund Management JUP.L: Morgan Stanley cuts target price to 58p from 77p |
| * Jupiter Fund Management JUP.L: Morgan Stanley cuts to underweight from equal weight |
| * K+S SDFGn.DE: Exane BNP Paribas initiates coverage with neutral rating; PT EUR 13.50 |
| * Kering PRTP.PA: Bernstein cuts target price to EUR 150 from EUR 200 |
| * Kering PRTP.PA: Deutsche Bank cuts target price to EUR 205 from EUR 340 |
| * Kering PRTP.PA: Deutsche Bank cuts to hold from buy |
| * Kering PRTP.PA: HSBC cuts target price to EUR 180 from EUR 205 |
| * Kering PRTP.PA: Kepler Cheuvreux cuts target price to EUR 250 from EUR 350 |
| * Kering PRTP.PA: Stifel cuts target price to EUR 215 from EUR 270 |
| * KGHM Polska Miedz SA KGH.WA: Morgan Stanley raises PT to PLN 158 from PLN 156 |
| * Kingspan Group Plc KSP.I: Jefferies cuts target price to EUR 72.8 from EUR 73.6 |
| * Koninklijke Ahold Delhaize NV AD.AS: Morgan Stanley cuts PT to EUR 37 from EUR 38.6 |
| * KPN KPN.AS: Kepler Cheuvreux reinitiates coverage with hold rating; PT EUR 4.10 |
| * London stock Exchange LSEG.L: Morgan Stanley cuts target price to 13000p from 13500p |
| * LVMH LVMH.PA: Deutsche Bank cuts target price to EUR 580 from EUR 695 |
| * LVMH LVMH.PA: HSBC cuts target price to EUR 700 from EUR 800 |
| * Man Group EMG.L: Morgan Stanley cuts target price to 179p from 244p |
| * Moncler MONC.MI: Bernstein cuts target price to EUR 55 from EUR 65 |
| * Moncler MONC.MI: Deutsche Bank cuts target price to EUR 60 from EUR 67 |
| * Moncler MONC.MI: HSBC cuts target price to EUR 66 from EUR 71 |
| * MTU Aero Engines AG MTXGn.DE: Bernstein raises PT to EUR 398 from EUR 382 |
| * Norsk Hydro NHY.OL: Deutsche Bank cuts target price to NOK 78 from NOK 82 |
| * Norwegian Air Shuttle As NAS.OL: Barclays raises target price to NOK 14 from NOK 12 |
| * Norwegian Air Shuttle As NAS.OL: Barclays raises to overweight from equal-weight |
| * Partners Group Holding AG PGHN.S: Morgan Stanley cuts PT to CHF 1029 from CHF 1493 |
| * Petkim PETKM.IS: HSBC cuts target price to TRY 12 from TRY 14 |
| * Remy Cointreau RCOP.PA: Barclays cuts target price to EUR 30 from EUR 31 |
| * Remy Cointreau RCOP.PA: UBS cuts target price to EUR 46 from EUR 60 |
| * Richemont CFR.S: Deutsche Bank cuts target price to CHF 150 from CHF 175 |
| * Richemont CFR.S: Deutsche Bank cuts to hold from buy |
| * Rio Tinto RIO.L: Deutsche Bank cuts target price to 5500p from 6000p |
| * Rio Tinto Plc RIO.L: Morgan Stanley cuts target price to 5830p from 6130p |
| * Rolls Royce RR.L: Bernstein raises target price to 676p from 630p |
| * Rolls Royce RR.L: Kepler Cheuvreux raises to buy from hold |
| * Ryanair RYA.I: Barclays raises target price to EUR 23 from EUR 22 |
| * Salvatore Ferragamo SFER.MI: Barclays cuts target price to EUR 5.7 from EUR 5.8 |
| * Schroders SDR.L: Morgan Stanley cuts target price to 280p from 440p |
| * SEB AB SEBa.ST: Kepler Cheuvreux raises to buy from hold |
| * Sika AG SIKA.S: Kepler Cheuvreux cuts target price to CHF 250 from CHF 300 |
| * Snam SRG.MI: Deutsche Bank cuts target price to EUR 5.8 from EUR 5.9 |
| * Societe Generale SOGN.PA: Morgan Stanley cuts target price to EUR 49 from EUR 51 |
| * Stabilus SE STM1.DE: JP Morgan cuts target price to EUR 48 from EUR 55 |
| * Swatch UHR.S: HSBC cuts target price to CHF 125 from CHF 150 |
| * Swatch UHR.S: Bernstein cuts target price to CHF 160 from CHF 190 |
| * Terna TRN.MI: HSBC raises target price to EUR 10 from EUR 9.1 |
| * TP TEPRF.PA: Kepler Cheuvreux cuts target price to EUR 140 from EUR 145 |
| * Trevi Finanziaria Industriale SpA TFI.MI: Kepler Cheuvreux raises to buy from hold |
| * Trevi Finanziaria Industriale SpA TFI.MI: Kepler Cheuvreux ups PT to EUR 0.30 from EUR 0.25 |
| * Tristel Plc TSTL.L: Deutsche Bank cuts target price to 385p from 440p |
| * Tristel Plc TSTL.L: Deutsche Bank raises to buy from hold |
| * Truecaller AB TRUEb.ST: JP Morgan raises target price to SEK 77 from SEK 63 |
| * UBS Group AG UBSG.S: Morgan Stanley cuts target price to CHF 27 from CHF 34 |
| * Unipol Assicurazioni SpA UNPI.MI: Kepler Cheuvreux reinitiates coverage with buy rating |
| * Unipol Assicurazioni SpA UNPI.MI: Kepler Cheuvreux reinitiates coverage with PT EUR 16.5 |
| * Unite Group UTG.L: Barclays cuts target price to 990p from 1115p |
| * Vestas VWS.CO: Deutsche Bank cuts target price to DKK 110 from DKK 150 |
| * Vestas VWS.CO: Deutsche Bank cuts to hold from buy |
| * Victrex Plc VCTX.L: Morgan Stanley cuts target price to 1180p from 1300p |
| * Vinci SA SGEF.PA: Kepler Cheuvreux raises target price to EUR 115 from EUR 110 |
| * Vinci SA SGEF.PA: Morgan Stanley cuts target price to EUR 138 from EUR 140 |
| * Wizz Air WIZZ.L: Barclays cuts target price to 900p from 1000p |
| * Worldline SA WLN.PA: Jefferies cuts target price to EUR 6.2 from EUR 6.3 |
| * Yara YAR.OL: Exane BNP Paribas initiates coverage with price target NOK 250 |
| * Yara YAR.OL: Exane BNP Paribas initiates coverage with underperform rating |
