| * Admiral ADML.L: Berenberg cuts target price to 3750p from 4000p |
| * Admiral ADML.L: Goldman Sachs cuts target price to 2920p from 3954p |
| * Admiral ADML.L: Goldman Sachs cuts to sell from neutral |
| * Aixtron SE AIXGn.DE: JP Morgan raises target price to EUR 25.20 from EUR 13.50 |
| * Aixtron SE AIXGn.DE: JP Morgan raises to overweight from neutral |
| * Allianz SE ALVG.DE: Goldman Sachs raises target price to EUR 404 from EUR 361 |
| * Anglo American Plc AAL.L: HSBC raises target price to 3250p from 2900p |
| * Antin ANTIN.PA: Deutsche Bank cuts target price to EUR 12 from EUR 12.3 |
| * Antofagasta Plc ANTO.L: HSBC raises target price to 2600p from 2100p |
| * Aperam SA APAM.AS: Degroof Petercam raises target price to EUR 35 from EUR 28 |
| * ASM International ASMI.AS: UBS raises target price to EUR 815 from EUR 685 |
| * ASMI ASMI.AS: JP Morgan raises target price to EUR 800 from EUR 587 |
| * ASR Nederland NV ASRNL.AS: Goldman Sachs raises target price to EUR 69 from EUR 61 |
| * ASR Nederland NV ASRNL.AS: Goldman Sachs raises to buy from neutral |
| * Banca Mediolanum BMED.MI: Jefferies raises target price to EUR 20.4 from EUR 15.9 |
| * Bkw AG BKWB.S: UBS cuts target price to CHF 166 from CHF 185 |
| * BNP Paribas SA BNPP.PA: Deutsche Bank raises target price to EUR 92 from EUR 78 |
| * Bodycote Plc BOY.L: Berenberg raises target price to 900p from 800p |
| * Bossard Holding AG BOS.S: Alphavalue cuts target price to CHF 166 from CHF 192 |
| * BT Group BT.L: UBS raises target price to 140p from 135p |
| * Credit Agricole SA CAGR.PA: Deutsche Bank raises target price to EUR 20 from EUR 19 |
| * Currys Plc CURY.L: Berenberg raises target price to 215p from 210p |
| * Danone DANO.PA: BofA Global Research cuts price objective to EUR 69 from EUR 70 |
| * Davide Campari N.V. CPRI.MI: Barclays raises target price to EUR 8.7 from EUR 8.6 |
| * Deutsche Boerse DB1Gn.DE: Deutsche Bank cuts target price to EUR 285 from EUR 291 |
| * DFS Furniture Plc DFSD.L: Berenberg raises target price to 247p from 241p |
| * DFS Furniture Plc DFSD.L: UBS raises target price to 230p from 210p |
| * D'Ieteren Group SA IETB.BR: Jefferies raises target price to EUR 215 from EUR 185 |
| * D'Ieteren Group SA IETB.BR: Jefferies raises to buy from hold |
| * Docmorris DOCM.S: Barclays cuts target price to CHF 6 from CHF 7 |
| * Dowlais Group Plc DWL.L: Berenberg raises target price to 92p from 72p |
| * Dsm-Firmenich AG DSFIR.AS: ING cuts target price to EUR 84 from EUR 120 |
| * DR ING HC F PORSCHE AG P911_p.DE: HSBC cuts target price to EUR 46 FROM EUR 50 |
| * Edenred EDEN.PA: Kepler Cheuvreux cuts target price to EUR 28 from EUR 40 |
| * Endesa ELE.MC: Berenberg raises target price to EUR 31 from EUR 20 |
| * Engie SA ENGIE.PA: Berenberg cuts to hold from buy |
| * Engie SA ENGIE.PA: Berenberg raises target price to EUR 24.5 from EUR 17.5 |
| * Epiroc EPIRa.ST: Kepler Cheuvreux raises target price to SEK 230 from SEK 215 |
| * Evonik Industries AG EVKn.DE: Exane BNP Paribas cuts to neutral from outperform |
| * Exail Technologies SA EXA.PA: Kepler Cheuvreux raises PT to EUR 122 from EUR 105 |
| * Finecobank FBK.MI: Jefferies raises target price to EUR 26 from EUR 21.5 |
| * Freenet AG FNTGn.DE: Deutsche Bank raises target price to EUR 36.7 from EUR 36 |
| * Glencore Plc GLEN.L: HSBC raises target price to 515p from 410p |
| * Haleon Plc HLN.L: HSBC raises target price to 430p from 400p |
| * Haleon Plc HLN.L: HSBC raises to buy from hold |
| * Halma HLMA.L: Berenberg raises target price to 4,200p from 3,750p |
| * Hochschild HOCM.L: JP Morgan raises target price to 690p from 670p |
| * Hochschild HOCM.L: RBC cuts target price to 575p from 590p |
| * Iberdrola IBE.MC: Berenberg raises target price to EUR 19 from EUR 17.5 |
| * Ibstock IBST.L: Berenberg cuts target price to 135p from 150p |
| * IMI Plc IMI.L: Berenberg raises target price to 3,100p from 2,900p |
| * Inficon IFCN.S: UBS raises target price to CHF 130 from CHF 115 |
| * Informa Plc INF.L: Barclays cuts target price to 1120p from 1125p |
| * Johnson Matthey Plc JMAT.L: Deutsche Bank raises target price to 2400p from 2300p |
| * KBC Groep KBC.BR: Barclays raises target price to EUR 104 from EUR 96 |
| * KBC Groep NV KBC.BR: UBS raises target price to EUR 113 from EUR 110.2 |
| * Kenmare Resources Plc KMR.L: Berenberg cuts target price to 280p from 290p |
| * Lagercrantz LAGRb.ST: Berenberg raises target price to SEK 275 from SEK 270 |
| * Mondi MNDI.L: UBS cuts target price to 1080p from 1090p |
| * Morgan Advanced Materials MGAMM.L: Berenberg raises target price to 265p from 250p |
| * Nestle SA NESN.S: Kepler Cheuvreux cuts target price to CHF 90 from CHF 95 |
| * Nexans SA NEXS.PA: Barclays raises target price to EUR 137 from EUR 101 |
| * Nexans SA NEXS.PA: Barclays raises to equal-weight from underweight |
| * Niox Group Plc NIOX.L: Deutsche Bank cuts target price to 86p from 90p |
| * NKT A/S NKT.CO: Barclays cuts target price to DKK 852 from DKK 1097 |
| * NKT A/S NKT.CO: Barclays cuts to equal-weight from overweight |
| * Ontex Group NV ONTEX.BR: Kepler Cheuvreux cuts PT to EUR 4.7 from EUR 6.3 |
| * Ontex Group NV ONTEX.BR: Kepler Cheuvreux cuts to reduce from hold |
| * Oxford Nanopore Technologies Plc ONT.L: RBC raises target price to 300p from 280p |
| * Pandora PNDORA.CO: Bernstein cuts target price to DKK 430 from DKK 550 |
| * Paradox Interactive AB (Publ) PDXI.ST: Kepler Cheuvreux cuts PT to SEK 157 from SEK 171 |
| * Partners Group Holding AG PGHN.S: Jefferies cuts PT to CHF 1,130 from CHF 1,150 |
| * Phoenix PHNX.L: Goldman Sachs raises target price to 752p from 593p |
| * Phoenix PHNX.L: Goldman Sachs raises to neutral from sell |
| * Pluxee NV PLX.PA: Kepler Cheuvreux cuts target price to EUR 18 from EUR 28 |
| * Polypeptide Group AG PPGN.S: Berenberg raises target price to CHF 35 from CHF 30 |
| * Polypeptide Group AG PPGN.S: UBS raises target price to CHF 38 from CHF 32 |
| * Porvair Plc PORV.L: Berenberg raises target price to 1,050p from 800p |
| * Prysmian SpA PRY.MI: Barclays raises target price to EUR 112 from EUR 102 |
| * Qinetiq Group QQ.L: Deutsche Bank raises target price to 635p from 585p |
| * Qinetiq Group Plc QQ.L: Berenberg raises target price to 580p from 550p |
| * Rational AG RAAG.DE: Deutsche Bank raises target price to EUR 747 from EUR 741 |
| * Rheinmetall RHMG.DE: Barclays raises target price to EUR 2175 from EUR 2060 |
| * Rio Tinto RIO.L: HSBC raises target price to 6900p from 5950p |
| * Rotork Plc ROR.L: Berenberg raises target price to 430p from 395p |
| * RWE RWEG.DE: HSBC raises target price to EUR 55 from EUR 51 |
| * RWE AG RWEG.DE: Berenberg raises target price to EUR 58 from EUR 42 |
| * RWE AG RWEG.DE: RBC raises target price to EUR 58 from EUR 44 |
| * Sabre Insurance Group Plc SBRE.L: Berenberg cuts target price to 185p from 190p |
| * Sandoz SDZ.S: Deutsche Bank raises target price to CHF 63 from CHF 60 |
| * Sandvik AB SAND.ST: Kepler Cheuvreux raises target price to SEK 350 from SEK 300 |
| * SBM Offshore NV SBMO.AS: Morgan Stanley raises target price to EUR 32.5 from EUR 30 |
| * SCA AB SCAb.ST: Berenberg cuts target price to SEK 130 from SEK 140 |
| * SCA AB SCAb.ST: Berenberg cuts to hold from buy |
| * Scor SCOR.PA: Goldman Sachs cuts target price to EUR 29 from EUR 33.5 |
| * Scor SCOR.PA: Goldman Sachs cuts to neutral from buy |
| * Smiths Group SMIN.L: Berenberg raises target price to 3,000p from 2,750p |
| * Smiths Group SMIN.L: Berenberg raises to buy from hold |
| * Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 75 from EUR 68 |
| * Spirax-Sarco SPX.L: Berenberg raises target price to 7,350p from 7,000p |
| * SSE SSE.L: Berenberg raises target price to 2,800p from 2,200p |
| * Suedzucker AG SZUG.DE: Barclays cuts target price to EUR 9 from EUR 10 |
| * Swatch Group AG UHR.S: Alphavalue raises to reduce from sell |
| * Swiss Re AG SRENH.S: Goldman Sachs cuts to sell from neutral |
| * Technip Energies NV TE.PA: Morgan Stanley cuts target price to EUR 32.2 from EUR 35 |
| * Trane Technologies Plc TT.N: Oppenheimer raises to outperform from perform |
| * Treatt TET.L: Barclays raises target price to 230p from 220p |
| * UCB SA UCB.BR: ING raises target price to EUR 310 from EUR 257 |
| * Umicore SA UMI.BR: ING raises target price to EUR 19 from EUR 10 |
| * Vat Group AG VACN.S: Goldman Sachs raises target price to CHF 468 from CHF 411 |
| * Verbund AG VERB.VI: Berenberg cuts target price to EUR 65 from EUR 70 |
| * Vesuvius Plc VSVS.L: Berenberg raises target price to 520p from 460p |
| * Virbac SA VIRB.PA: Bernstein raises target price to EUR 419 from EUR 409 |
| * Volex Plc VLX.L: Berenberg raises target price to 480p from 470p |
| * Wacker Chemie AG WCHG.DE: Alphavalue Cuts to sell from add |
| * Wacker Chemie AG WCHG.DE: Exane BNP Paribas raises to neutral from underperform |
| * Weir Group WEIR.L: Berenberg raises target price to 3,650p from 3,350p |
| * Wise Plc WISEa.L: Berenberg raises target price to 1350p from 1330p |
| * Wise Plc WISEa.L: Kepler Cheuvreux raises target price to 1220p from 1200p |
| * Yara International ASA YAR.OL: Morgan Stanley raises PT to NOK 415 from NOK 405 |
