| * ABB ABBN.S: Barclays raises target price to CHF 43 from CHF 40 |
| * Acerinox SA ACX.MC: Morgan Stanley cuts target price to EUR 13.7 from EUR 14 |
| * Adyen NV ADYEN.AS: Kepler Cheuvreux cuts target price to EUR 1800 from EUR 1900 |
| * Air Liquide AIRP.PA: Barclays cuts target price to EUR 195 from EUR 210 |
| * Aixtron SE AIXGn.DE: BofA Global Research raises PT to EUR 25.1 from EUR 11.6 |
| * Aixtron SE AIXGn.DE: BofA Global Research raises to buy from underperform |
| * Akzonobel AKZO.AS: Barclays cuts target price to EUR 75 from EUR 85 |
| * Anheuser-Busch Inbev SA ABI.BR: Morgan Stanley cuts PT to EUR 68 from EUR 70 |
| * Arkema AKE.PA: Barclays cuts target price to EUR 47 from EUR 80 |
| * Arkema AKE.PA: Barclays cuts to underweight from equal-weight |
| * Arkema SA AKE.PA: Berenberg raises target price to EUR 60 from EUR 58 |
| * Ashmore ASHM.L: Deutsche Bank cuts target price to 130p from 140p |
| * Ashmore ASHM.L: Deutsche Bank cuts to sell from hold |
| * Auto Trader AUTOA.L: BofA Global Research cuts price objective to 820p from 920p |
| * Auto Trader AUTOA.L: BofA Global Research cuts to neutral from buy |
| * Avon Protection AVON.L: Peel Hunt raises target price to 2250p from 1800p |
| * Azelis AZE.BR: Barclays cuts target price to EUR 11 from EUR 23 |
| * Azelis AZE.BR: Barclays cuts to equal-weight from overweight |
| * Baltic Classifieds Group Plc BCG.L: BofA Global Research cuts PT to 320p from 385p |
| * BASF BASFn.DE: Barclays cuts target price to EUR 41 from EUR 55 |
| * Beauty Tech Group Plc TBTG.L: Berenberg initiates coverage with buy rating |
| * Beauty Tech Group Plc TBTG.L: Berenberg initiates coverage with target price 400p |
| * Billerud AB (Publ) BILL.ST: Citigroup raises target price to SEK 92 from SEK 80 |
| * Bouvet ASA BOUV.OL: Kepler Cheuvreux cuts target price to NOK 60 from NOK 64 |
| * Bouvet ASA BOUV.OL: Kepler Cheuvreux raises to hold from reduce |
| * Brenntag BNRGn.DE: Barclays cuts target price to EUR 46 from EUR 67 |
| * Chemometec A/S CHEMM.CO: Berenberg initiates coverage with buy rating |
| * Chemometec A/S CHEMM.CO: Berenberg initiates coverage with target price DKK 970 |
| * Credem EMBI.MI: Barclays raises target price to EUR 14.8 from EUR 14.3 |
| * Dsm-Firmenich AG DSFIR.AS: Goldman Sachs cuts to neutral rating |
| * Deutsche Bank AG DBKGn.DE: BofA Global Research raises PT to EUR 36.70 from EUR 36.50 |
| * EDP Renovaveis EDPR.LS: Morgan Stanley cuts target price to EUR 12.5 from EUR 13.5 |
| * Euronext NV ENX.PA: Goldman Sachs raises to neutral from sell |
| * Evonik EVKn.DE: Barclays cuts target price to EUR 16 from EUR 25 |
| * Evonik EVKN.DE: Barclays cuts to equal-weight from overweight |
| * Evonik Industries AG EVKn.DE: Goldman Sachs cuts to sell rating |
| * Evotec SE EVTG.DE: RBC cuts target price to EUR 10 from EUR 11.2 |
| * FDM Group Holdings Plc FDM.L: Deutsche Bank raises target price to 180p from 145p |
| * FDM Group Holdings Plc FDM.L: Deutsche Bank raises to buy from hold |
| * Ferrari RACE.MI: JP Morgan initiates coverage with overweight rating |
| * Ferrari RACE.MI: JP Morgan initiates coverage with price target EUR 394 |
| * Fuchs FPE3_p.DE: Barclays cuts target price to EUR 52 from EUR 55 |
| * Fuller Smith & Turner Plc FSTA.L: Peel Hunt raises target price to 700p from 650p |
| * Hensoldt HAGG.DE: Deutsche Bank cuts target price to EUR 101 from EUR 113 |
| * Hensoldt AG HAGG.DE: JP Morgan cuts target price to EUR 100 from EUR 110 |
| * Hensoldt AG HAGG.DE: JP Morgan cuts to neutral from overweight |
| * Hilton Foods Plc HFG.L: Deutsche Bank cuts target price to 850p from 1105p |
| * Holmen HOLMb.ST: Citigroup cuts target price to SEK 378 from SEK 379 |
| * Howden Joinery HWDN.L: Kepler Cheuvreux initiates coverage with price target 1100p |
| * Howden Joinery HWDN.L: Kepler Cheuvreux initiates coverage with buy rating |
| * IMCD IMCD.AS: Barclays cuts target price to EUR 98 from EUR 173 |
| * Infrastrutture Wireless Italiane SpA INWT.MI: Equita cuts PT to EUR 10.1 from EUR 13.3 |
| * Infrastrutture Wireless Italiane SpA INWT.MI: Equita cuts to hold from buy |
| * Ionos IOSn.DE: Barclays cuts target price to EUR 42 from EUR 46 |
| * IONOS Group SE IOSn.DE: Kepler Cheuvreux cuts target price to EUR 30 from EUR 42.5 |
| * IONOS Group SE IOSn.DE: Morgan Stanley cuts target price to EUR 31.5 from EUR 39.5 |
| * Italmobiliare SpA ITMI.MI: Kepler Cheuvreux cuts to hold from buy |
| * K+S SDFGn.DE: Berenberg cuts target price to EUR 9.5 from EUR 11 |
| * K+S SDFGn.DE: Deutsche Bank cuts target price to EUR 10 from EUR 11 |
| * Kainos KNOS.L: Stifel raises target price to 1,225p from 1,085p |
| * Kojamo KOJAMO.HE: Kepler Cheuvreux raises target price to EUR 11.5 from EUR 11.3 |
| * Kojamo KOJAMO.HE: Kepler Cheuvreux cuts to hold from buy |
| * Lanxess LXSG.DE: Barclays cuts target price to EUR 15 from EUR 30 |
| * Lanxess LXSG.DE: Barclays cuts to underweight from equal-weight |
| * Legrand LEGD.PA: Kepler Cheuvreux cuts target price to EUR 150 from EUR 152 |
| * Legrand LEGD.PA: Kepler Cheuvreux raises to buy from hold |
| * LVMH LVMH.PA: HSBC raises target price to EUR 725 from EUR 625 |
| * LVMH LVMH.PA: TD Cowen raises target price to EUR 685 from EUR 550 |
| * Maersk MAERSKb.CO: Bernstein raises target price to DKK 10,700 from DKK 10,600 |
| * Mandatum MANTA.HE: Inderes raises PT to EUR 6.0 from EUR 5.6; rating reduce |
| * Medios AG ILM1k.DE: Berenberg raises target price to EUR 27 from EUR 25 |
| * Mitie Group Plc MTO.L: Goldman Sachs reinstates coverage with buy rating |
| * MTU Aero Engines MTXGn.DE: Barclays raises target price to EUR 420 from EUR 400 |
| * ON the Beach Group Plc OTB.L: Berenberg cuts target price to 300p from 330p |
| * Porsche PSHG_p.DE: Deutsche Bank cuts target price to EUR 43 from EUR 46 |
| * Porsche SE PSHG_p.DE: Kepler Cheuvreux raises target price to EUR 39 from EUR 37 |
| * Prosus NV PRX.AS: Citigroup cuts target price to EUR 72 from EUR 75 |
| * Regional REIT Ltd RGLR.L: Peel Hunt cuts target price to 130p from 140p |
| * Rheinmetall AG RHMG.DE: Berenberg cuts target price to EUR 2300 from EUR 2330 |
| * Rightmove RMV.L: BofA Global Research cuts price objective to 535p from 690p |
| * Sabaf SpA SABF.MI: Equita cuts target price to EUR 19 from EUR 20 |
| * Safran SAF.PA: Barclays raises target price to EUR 330 from EUR 320 |
| * SCA AB SCAb.ST: Citigroup cuts target price to SEK 134 from SEK 135 |
| * Schneider Electric SCHN.PA: Barclays cuts target price to EUR 231 from EUR 232 |
| * Scout24 SE G24n.DE: BofA Global Research cuts PT to EUR 102 from EUR 120 |
| * Scout24 SE G24n.DE: BofA Global Research cuts to neutral from buy |
| * SES SA SESFd.PA: Bernstein cuts target price to EUR 8.5 from EUR 10.8 |
| * SGL Carbon SGCG.DE: Deutsche Bank cuts target price to EUR 3.65 from EUR 4.1 |
| * Siemens Healthineers SHLG.DE: Deutsche Bank cuts target price to EUR 57 from EUR 61 |
| * Siltronic AG WAFGn.DE: UBS raises target price to EUR 48 from EUR 43 |
| * Sodexo EXHO.PA: BofA Global Research cuts price objective to EUR 52.4 from EUR 54.6 |
| * Solvay SOLB.BR: Barclays cuts target price to EUR 23 from EUR 30 |
| * Stora Enso STERV.HE: Citigroup raises target price to EUR 11.5 from EUR 10.1 |
| * Stratec SBSG.DE: Deutsche Bank cuts target price to EUR 27 from EUR 30 |
| * Ströer SE & Co. KGaA SAXG.DE: Barclays cuts target price to EUR 38 from EUR 43 |
| * Syensqo SYENS.BR: Barclays cuts target price to EUR 75 from EUR 86 |
| * Syensqo NV SYENS.BR: Bernstein raises target price to EUR 80 from EUR 74 |
| * Symrise AG SY1G.DE: Kepler Cheuvreux cuts target price to EUR 79 from EUR 114 |
| * Technoprobe SpA TPRO.MI: Berenberg raises target price to EUR 8.6 from EUR 6.6 |
| * Telefonica TEF.MC: UBS cuts target price to EUR 3.9 from EUR 4.8 |
| * Telefonica SA TEF.MC: Barclays cuts target price to EUR 4 from EUR 4.9 |
| * United Internet AG UTDI.DE: Kepler Cheuvreux cuts target price to EUR 27 from EUR 31 |
| * United Internet AG UTDI.DE: Kepler Cheuvreux Cuts to hold from buy |
| * UPM UPM.HE: Citigroup cuts target price to EUR 27.5 from EUR 28.5 |
| * Vend Marketplaces ASA VEND.OL: BofA Global Research cuts PT to NOK 320 from NOK 336 |
| * Vestas VWS.CO: HSBC raises target price to DKK 190 from DKK 155 |
| * Vesuvius VSVS.L: Deutsche Bank raises target price to 440p from 385p |
| * Victrex VCTX.L: Barclays cuts target price to 660p from 1080p |
| * Victrex VCTX.L: Barclays cuts to equal-weight from overweight |
| * Volex Plc VLX.L: Jefferies raises target price to 470p from 430p |
| * Volex Plc VLX.L: Peel Hunt raises target price to 450p from 380p |
| * Vodafone VOD.L: BofA Global Research raises PT to 92p from 91p |
| * Wacker Chemie WCHG.DE:Barclays initiates coverage with target price EUR 69 |
| * Wacker Chemie WCHG.DE:Barclays initiates coverage with equal-weight rating |
| * Wise Plc WISEa.L: Peel Hunt cuts target price to 1080p from 1175p |
| * Wood Plc WG.L: Peel Hunt resumes coverage with buy rating |
| * Wood Plc WG.L: Peel Hunt resumes coverage with target price 30p |
