| * AAK AB (Publ) AAK.ST: Berenberg cuts target price to SEK 277 from SEK 288 |
| * Accor ACCP.PA: BofA Global Research raises price objective to EUR 53.50 from EUR 52.40 |
| * Accor ACCP.PA: Morgan Stanley raises target price to EUR 53 from EUR 52 |
| * ADP ADP.PA: Barclays raises target price to EUR 130 from EUR 121 |
| * Antofagasta ANTO.L: Morgan Stanley cuts target price to 2840p from 2970p |
| * Aspo Oyj ASPO.HE: Evli Research raises target price to EUR 7 from EUR 6.4 |
| * Assa Abloy AB ASSAb.ST: Morgan Stanley raises target price to SEK 350 from SEK 345 |
| * AstraZeneca AZN.L: Jefferies raises target price to 15,000p from 10,900p |
| * AstraZeneca AZN.L: Jefferies raises to buy from hold |
| * Atlas Copco ATCOa.ST: Deutsche Bank raises target price to SEK 164 from SEK 160 |
| * Bachem BANB.S: Deutsche Bank raises target price to CHF 75 from CHF 65 |
| * Bachem BANB.S: Deutsche Bank raises to buy from hold |
| * Bankinter BKT.MC: Deutsche Bank raises target price to EUR 13.5 from EUR 12.75 |
| * Beazley BEZG.L: Barclays raises target price to 990p from 980p |
| * Beiersdorf BEIG.DE: Barclays cuts target price to EUR 112 from EUR 113 |
| * Beiersdorf BEIG.DE: HSBC cuts target price to EUR 134 from EUR 135 |
| * BESI BESI.AS: JP Morgan raises target price to EUR 160 from EUR 147 |
| * Billerud AB (Publ) BILL.ST: Stifel raises target price to SEK 96 from SEK 92 |
| * BNP Paribas BNPP.PA: Jefferies raises target price to EUR 95 from EUR 94 |
| * Boliden BOL.ST: Berenberg raises target price to SEK 460 from SEK 430 |
| * Cantargia AB CANTA.ST: H.C. Wainwright initiates coverage with buy rating |
| * Cantargia AB CANTA.ST: H.C. Wainwright initiates coverage with target price SEK 14 |
| * Catena AB CATE.ST: Kepler Cheuvreux cuts target price to SEK 560 from SEK 570 |
| * Consti Oyj CONSTI.HE: Evli Research cuts target price to EUR 11.5 from EUR 12 |
| * Dassault Systemes DAST.PA: Bernstein cuts target price to EUR 37 from EUR 46 |
| * Dassault Systemes DAST.PA: Jefferies cuts target price to EUR 23 from EUR 24 |
| * Deutsche Bank AG DBKGn.DE: Citigroup raises target price to EUR 25 from EUR 24.4 |
| * Diageo DGE.L: TD Cowen cuts target price to 2000p from 2275p |
| * Dios DIOS.ST: Kepler Cheuvreux cuts target price to SEK 78 from SEK 79 |
| * DR ING HC F Porsche AG P911_p.DE: JP Morgan cuts target price to EUR 58 from EUR 64 |
| * DR ING HC F Porsche AG P911_p.DE: Kepler Cheuvreux raises PT to EUR 50 from EUR 44 |
| * Dunelm Group Plc DNLM.L: JP Morgan cuts target price to 1,140p from 1,225p |
| * EDP EDP.LS: Deutsche Bank cuts to hold from buy |
| * EDP EDP.LS: Deutsche Bank raises target price to EUR 4.1 from EUR 3.9 |
| * EDPR EDPR.LS: Citigroup cuts to neutral from buy; raises PT to EUR 13.8 from EUR 12 |
| * EDPR EDPR.LS: Deutsche Bank cuts to hold from buy |
| * EDPR EDPR.LS: Deutsche Bank raises target price to EUR 12 from EUR 11 |
| * Eiffage FOUG.PA: Barclays cuts target price to EUR 145 from EUR 154 |
| * Elekta AB EKTAb.ST: Barclays cuts target price to SEK 46.8 from SEK 48 |
| * ENI ENI.MI: Barclays raises target price to EUR 18.5 from EUR 17.5 |
| * ENI ENI.MI: Bernstein raises target price to EUR 17 from EUR 15.5 |
| * Essity ESSITYb.ST: UBS raises target price to SEK 320 from SEK 310 |
| * Flsmidth FLS.CO: Kepler Cheuvreux raises target price to DKK 575 from DKK 480 |
| * Fresenius FREG.DE: Deutsche Bank raises target price to EUR 53 from EUR 52 |
| * Gjensidige Forsikring GJFG.OL: Jefferies cuts target price to NOK 301 from NOK 321 |
| * GSK GSK.L: Jefferies assumes coverage with buy vs hold rating |
| * GSK GSK.L: Jefferies assumes coverage with target price 2000p vs 1450p |
| * Hannover Re HNRGn.DE: Barclays raises target price to EUR 219 from EUR 218 |
| * Heineken HEIN.AS: Deutsche Bank raises target price to EUR 74 from EUR 73 |
| * Hemnet HEM.ST: Barclays cuts target price to SEK 265 from SEK 290 |
| * Hexagon HEXAb.ST: Deutsche Bank raises target price to SEK 115 from SEK 110 |
| * Hexagon AB HEXAb.ST: Barclays raises target price to SEK 120 from SEK 110 |
| * Holcim Ltd HOLN.S: Morgan Stanley raises target price to CHF 78 from CHF 75 |
| * Huhtamaki Oyj HUH1V.HE: UBS cuts target price to EUR 38 from EUR 40 |
| * Hydro NHY.OL: Kepler Cheuvreux raises target price to NOK 71 from NOK 68 |
| * Inficon Holding AG IFCN.S: Kepler Cheuvreux cuts target price to CHF 116 from CHF 119 |
| * Ipsos SA ISOS.PA: UBS cuts target price to EUR 36.50 from EUR 43 |
| * JD Sports Fashion JD.L: UBS raises target price to 94p from 84p |
| * KBC Groep NV KBC.BR: ING raises target price to EUR 109.5 from EUR 91 |
| * Kemira KEMIRA.HE: Inderes cuts to reduce from accumulate |
| * Kemira KEMIRA.HE: Inderes raises target price to EUR 21.5 from EUR 20.5 |
| * Kering PRTP.PA: Bernstein raises target price to EUR 240 from EUR 180 |
| * Kone KNEBV.HE: Barclays raises target price to EUR 40 from EUR 39 |
| * Kone KNEBV.HE: Inderes raises target price to EUR 56 from EUR 55; rating reduce |
| * Lifco LIFCOb.ST: Kepler Cheuvreux raises target price to SEK 390 from SEK 355 |
| * Lloyds Banking Group LLOY.L: UBS raises target price to 90p from 80p |
| * LSEG LSEG.L: Deutsche Bank raises target price to 11900p from 11500p |
| * LSEG LSEG.L: KBW raises target price to 11,900p from 11,500p |
| * Macfarlane Group Plc MACF.L: Berenberg cuts target price to 90p from 120p |
| * Maire MTCM.MI: Barclays raises target price to EUR 14.5 from EUR 13.5 |
| * Metso METSO.HE: Alphavalue raises target price to EUR 14.60 from EUR 12.60 |
| * Metso METSO.HE: RBC raises target price to EUR 15 from EUR 13 |
| * Munters MTRS.ST: Jefferies raises target price to SEK 195 from SEK 160 |
| * Munters MTRS.ST: Kepler Cheuvreux raises target price to SEK 180 from SEK 145 |
| * Nanobiotix SA NANOB.PA: Stifel cuts target price to EUR 24 from EUR 25 |
| * Natwest Group NWB_pa.L: Morgan Stanley raises target price to 665p from 650p |
| * Natwest Group NWG.L: Barclays raises target price to 700p from 650p |
| * Natwest Group NWG.L: JP Morgan raises target price to 730p from 700p |
| * Natwest Group NWG.L: UBS raises target price to 665p from 590p |
| * Next Plc NXT.L: Morgan Stanley raises target price to 15000p from 14000p |
| * Novartis AG NOVN.S: Jefferies Asseumes coverage with hold rating |
| * Novartis AG NOVN.S: Jefferies Asseumes coverage with target price CHF 110 v CHF 100 |
| * Novartis AG NOVN.S: Morgan Stanley raises target price to CHF 108 from CHF 105 |
| * Novo Nordisk NOVOb.CO: Jefferies assumes coverage with target price DKK 290 v DKK 415 |
| * Novo Nordisk NOVOb.CO: Jefferies assumes coverage with underperform rating |
| * Puma SE PUMG.DE: Baader Europe raises target price to EUR 22.20 from EUR 18 |
| * PVA Tepla AG TPEG.DE: Baader Europe initiates coverage with add rating |
| * PVA Tepla AG TPEG.DE: Baader Europe initiates coverage with target price EUR 36.4 |
| * Reckitt RKT.L: Berenberg raises target price to 5647p from 5555p |
| * Reckitt RKT.L: Deutsche Bank raises target price to 5700p from 5600p |
| * Renishaw RSW.L: Barclays raises target price to 3650p from 2380p |
| * Roche Holding AG ROG.S: Jefferies cuts target price to CHF 230 from CHF 270 |
| * Roche Holding AG ROG.S: Jefferies cuts to underperform from hold |
| * Saab AB SAABb.ST: Barclays raises target price to SEK 420 from SEK 395 |
| * Safilo Group SpA SFLG.MI: Stifel raises target price to EUR 2 from EUR 1.7 |
| * Safran SAF.PA: Jefferies raises target price to EUR 360 from EUR 350 |
| * Safran SAF.PA: JP Morgan raises target price to EUR 350 from EUR 320 |
| * Sagax AB SAGAb.ST: Kepler Cheuvreux raises target price to SEK 244 from SEK 218 |
| * Salzgitter AG SZGG.DE: Kepler Cheuvreux raises target price to EUR 39 from EUR 30 |
| * Sanofi SASY.PA: Jefferies assumes coverage with buy rating |
| * Sanofi SASY.PA: Jefferies assumes coverage with target price EUR 100 vs EUR 120 |
| * Sanofi SASY.PA: Leerink Partners raises target price to EUR 98 from EUR 92 |
| * SAP SE SAPG.DE: JP Morgan raises target price to EUR 310 from EUR 290 |
| * Scandi Standard AB (Publ) SCST.ST: Kepler Cheuvreux raises PT to SEK 112 from SEK 100 |
| * Schindler SCHP.S: UBS raises target price to CHF 330 from CHF 325 |
| * Schindler Group SCHN.S: Deutsche Bank cuts target price to CHF 287 from CHF 294 |
| * Schindler Holding SCHP.S: Barclays raises target price to CHF 320 from CHF 315 |
| * Schneider Electric SCHN.PA: Morgan Stanley raises target price to EUR 280 from EUR 240 |
| * Schneider Electric SCHN.PA: Morgan Stanley raises to overweight from equal weight |
| * Siemens Healthineers AG SHLG.DE: Kepler Cheuvreux cuts PT to EUR 59 from EUR 65 |
| * Signify LIGHT.AS: Barclays cuts target price to EUR 16 from EUR 17 |
| * Signify NV LIGHT.AS: Berenberg cuts target price to EUR 29 from EUR 32 |
| * Sika SIKA.S: Barclays cuts target price to CHF 170 from CHF 180 |
| * Sika SIKA.S: RBC cuts target price to CHF 235 from CHF 251 |
| * SMA Solar S92G.DE: Jefferies raises target price to EUR 22 from EUR 16 |
| * STMicroelectronics STMPA.PA: Deutsche Bank cuts target price to EUR 28 from EUR 30 |
| * STMicroelectronics STMPA.PA: HSBC cuts target price to EUR 28 from EUR 30 |
| * STMicroelectronics STMPA.PA: Morgan Stanley cuts target price to EUR 20 from EUR 26 |
| * Swiss Re SRENH.S: Barclays raises target price to CHF 124 from CHF 123 |
| * Teamviewer SE TMV.DE: Berenberg cuts target price to EUR 11 from EUR 14 |
| * Telefonica TEF.MC: JP Morgan raises target price to EUR 4.1 from EUR 3.7 |
| * Trelleborg TRELb.ST: Barclays raises target price to SEK 440 from SEK 405 |
| * UCB SA UCB.BR: Jefferies assumes coverage with underperform vs buy rating |
| * Vaisala Oyj VAIAS.HE: Berenberg cuts target price to EUR 50 from EUR 55 |
| * Vaisala Oyj VAIAS.HE: Berenberg cuts to hold from buy |
| * Verallia VRLA.PA: UBS cuts target price to EUR 24.50 from EUR 30 |
| * Vinci SGEF.PA: Barclays cuts target price to EUR 140 from EUR 145 |
| * Viscofan VIS.MC: Berenberg cuts target price to EUR 69 from EUR 75 |
| * Volvo VOLVb.ST: Bernstein raises target price to SEK 29 from SEK 19 |
| * Volvo Car AB VOLCARb.ST: Deutsche Bank raises target price to SEK 26 from SEK 14 |
| * Volvo Car AB VOLCARB.ST: HSBC raises target price to SEK 28 from SEK 19 |
| * Weir Group WEIR.L: Kepler Cheuvreux raises target price to 3000p from 2700p |
