| * Aalberts NV AALB.AS: Berenberg cuts target price to EUR 44 from EUR 47 |
| * Auto1 Group SE AG1G.DE: Berenberg raises target price to EUR 26 from EUR 23 |
| * Bellway Plc BWY.L: Citigroup cuts target price to 3000p from 3100p |
| * Danone DANO.PA: HSBC raises target price to EUR 71 from EUR 70 |
| * Derwent London Plc DLN.L: Jefferies cuts target price to 1,755p from 1,802p |
| * Elis SA ELIS.PA: Berenberg raises target price to EUR 29 from EUR 27 |
| * Endesa ELE.MC: HSBC cuts target price to EUR 28 from EUR 28.2 |
| * Euronext NV ENX.PA: JP Morgan raises target price to EUR 149 from EUR 143 |
| * Frequentis AG FQT.VI: Berenberg raises target price to EUR 70 from EUR 47 |
| * Fresenius SE & Co KGaA FREG.DE: Morgan Stanley raises target to EUR 50 from EUR 48 |
| * GEA Group AG G1AG.DE: JP Morgan raises target price to EUR 55 from EUR 49 |
| * GEA Group AG G1AG.DE: Morgan Stanley cuts to equal weight from overweight |
| * GEA Group AG G1AG.DE: Morgan Stanley raises target price to EUR 62 from EUR 57 |
| * Genmab GMAB.CO: UBS raises target price to DKK 2600 from DKK 2500 |
| * Genuit Group Plc GENG.L: RBC raises to outperform from sector perform |
| * Hammerson HMSO.L: Jefferies raises target price to 234p from 203p |
| * Hannover Rueck SE HNRGn.DE: Berenberg cuts target price to EUR 312 from EUR 314 |
| * Hannover Rueck SE HNRGn.DE: RBC cuts target price to EUR 295 from EUR 309 |
| * Hikma HIK.L: Deutsche Bank cuts target price to 2,850p from 3,100p |
| * K+S AG SDFGn.DE: Morgan Stanley raises target price to EUR 12.4 from EUR 11.7 |
| * Kingfisher KGF.L: Citigroup cuts target price to 285p from 300p |
| * Komax KOMN.S: UBS cuts target price to CHF 150 from CHF 165 |
| * Lancashire Holdings Limited LRE.L: Morgan Stanley cuts target price to 680p from 685p |
| * Legal & General Group Plc LGEN.L: JP Morgan cuts target price to 275p from 290p |
| * Legal & General Group Plc LGEN.L: JP Morgan cuts to neutral from overweight |
| * Lotus Bakeries NV LOTB.BR: Berenberg cuts target price to EUR 9,420 from EUR 9,800 |
| * Medicover AB MCOVb.ST: Jefferies raises target price to SEK 263 from SEK 245 |
| * Melrose Industries MRON.L: Peel Hunt raises target price to 790p from 750p |
| * Nemetschek SE NEKG.DE: Citigroup raises target price to EUR 145 from EUR 126 |
| * Norma Group SE NOEJ.DE: Deutsche Bank raises target price to EUR 17 from EUR 14 |
| * Novartis NOVN.S: HSBC raises target price to CHF 80 from CHF 78 |
| * Novo Nordisk NOVOb.CO: Exane BNP Paribas raises to neutral from underperform |
| * NTG Nordic Transport Group NTGNT.CO: Barclays cuts target to DKK 305 from DKK 310 |
| * Orsted ORSTED.CO: Citigroup cuts target price to DKK 190 from DKK 211 |
| * Quilter Plc QLT.L: Berenberg raises to buy from hold; raises PT to 195p from 150p |
| * Renewables Infrastructure Group Ltd TRIG.L: RBC cuts target price to 100p from 110p |
| * RIT Capital Partners Plc RCP.L: Jefferies initiates coverage with buy rating |
| * ROVI ROVI.MC: Jefferies raises target price to EUR 71.7 from EUR 68 |
| * Safilo Group SpA SFLG.MI: Berenberg initiates coverage with buy rating; PT EUR 1.62 |
| * Schott pharma 1SXP.DE: Deutsche Bank cuts target price to EUR 29 from EUR 31 |
| * Schott pharma AG & Co. KGaA 1SXP.DE: UBS cuts target price to EUR 28.8 from EUR 29.2 |
| * Shurgard SHUR.BR: KBC Securities cuts target price to EUR 48 from EUR 54; rating "buy" |
| * Siemens AG SIEGn.DE: Citigroup raises target price to EUR 272 from EUR 260 |
| * Smith+Nephew Plc SN.L: BofA Global Research raises price objective to 1500p from 1320p |
| * Spirax Group SPX.L: Barclays raises target price to 7,950p from 7,350p |
| * Spirax-Sarco SPX.L: Citigroup raises target price to 8,400p from 8,000p |
| * Spirax-Sarco SPX.L: Stifel raises target price to 6,450p from 5,750p |
| * Spirax-Sarco SPX.L: Stifel raises to hold from sell |
| * Spire Healthcare Group Plc SPI.L: Jefferies raises target price to 298p from 260p |
| * Springer Nature AG & Co KGaA SPGG.DE: JP Morgan raises target to EUR 30 from EUR 28.6 |
| * Subsea 7 SUBC.OL: Berenberg cuts target price to NOK 230 from NOK 235 |
| * Tecan Group AG TECN.S: Berenberg cuts target price to CHF 210 from CHF 220 |
| * Tecan Group AG TECN.S: Morgan Stanley cuts target price to CHF 168 from CHF 176 |
| * TKH Group NV TWKNc.AS: Berenberg cuts target price to EUR 40 from EUR 45 |
| * Watches of Switzerland WOSG.L: Kepler Cheuvreux cuts target price to 350p from 475p |
| * Watches of Switzerland WOSG.L: Kepler Cheuvreux cuts to hold from buy |
| * Zalando SE ZALG.DE: JP Morgan raises target price to EUR 30 from EUR 29 |
| * Zegona ZEG.L: Deutsche Bank raises target price to 1,550p from 1,030p |
| * Zegona Communications Plc ZEG.L: Barclays raises target price to 1,720p from 1,200p |
| * Zegona Communications Plc ZEG.L: Berenberg raises target price to 1,350p from 1,000p |
