| * Abivax SA ABVX.PA: Stifel raises target price to EUR 100 from EUR 68 |
| * ABN Amro Bank NV ABNd.AS: JP Morgan raises target price to EUR 28 from EUR 24.7 |
| * AFC Energy Plc AFEN.L: Peel Hunt reinstates coverage with buy rating |
| * AFC Energy Plc AFEN.L: Peel Hunt reinstates coverage with price target 23p |
| * Autostore Holdings Ltd AUTO.OL: Jefferies raises PT to NOK 8.80 from NOK 5.20 |
| * Balfour Beatty BALF.L: Berenberg raises target price to 710p from 660p |
| * Bankinter BKT.MC: JP Morgan raises target price to EUR 12.7 from EUR 10.1 |
| * Barclays BARC.L: JP Morgan raises target price to 500p from 420p |
| * Barry Callebaut AG BARN.S: Morgan Stanley raises PT to CHF 1130 from CHF 1030 |
| * Basler AG BSLG.DE: Berenberg raises target price to EUR 21 from EUR 15 |
| * Bawag Group AG BAWG.VI: JP Morgan raises target price to EUR 131 from EUR 120 |
| * BNP Paribas BNPP.PA: JP Morgan cuts target price to EUR 90 from EUR 94 |
| * Bpost SA BPOST.BR: Kepler Cheuvreux initiates coverage with buy rating |
| * Bpost SA BPOST.BR: Kepler Cheuvreux initiates coverage with target price EUR 3.6 |
| * Caixabank CABK.MC: JP Morgan raises target price to EUR 9.4 from EUR 7.4 |
| * Capgemini CAPP.PA: Morgan Stanley cuts target price to EUR 140 from EUR 168 |
| * Commerzbank AG CBKG.DE: JP Morgan cuts to neutral from overweight |
| * Commerzbank AG CBKG.DE: JP Morgan raises target price to EUR 33 from EUR 30 |
| * Danske Bank DANSKE.CO: JP Morgan raises target price to DKK 275 from DKK 260 |
| * Deutsche Bank AG DBKGn.DE: JP Morgan raises target price to EUR 34.2 from EUR 30 |
| * DNB DNB.OL: JP Morgan raises target price to NOK 280 from NOK 265 |
| * Eckert & Ziegler EUZG.DE: Berenberg initiates coverage with buy rating |
| * Eckert & Ziegler EUZG.DE: Berenberg initiates coverage with price target EUR 24 |
| * Erste Group Bank AG ERST.VI: JP Morgan raises target price to EUR 97 from EUR 86 |
| * Evolution EVOG.ST: Citigroup cuts target price to SEK 1125 from SEK 1170 |
| * Fortum FORTUM.HE: JP Morgan raises target price to EUR 15 from EUR 14 |
| * Genus GNS.L: Stifel raises target price to 2300p from 1850p |
| * Givaudan SA GIVN.S: Davy Research raises to outperform rating |
| * Hannover Rueck SE HNRGn.DE: JP Morgan cuts target price to EUR 320 from EUR 330 |
| * Hensoldt AG HAGG.DE: Barclays initiates coverage with target price EUR 88 |
| * Hensoldt AG HAGG.DE: Barclays initiates coverage with equalweight rating |
| * HSBC HSBA.L: JP Morgan raises target price to 940p from 870p |
| * Ibstock PLC IBST.L: Berenberg cuts target price to 170p from 200p |
| * ING Groep NV INGA.AS: JP Morgan raises target price to EUR 25 from EUR 22.6 |
| * Italy'S Prysmian PRY.MI: HSBC raises target price to EUR 87 from EUR 74 |
| * Julius Baer Gruppe AG BAER.S: JP Morgan raises target price to CHF 72 from CHF 69 |
| * Jungheinrich AG JUNG_p.DE: Jefferies cuts target price to EUR 39 from EUR 41 |
| * KBC Groep NV KBC.BR: JP Morgan raises target price to EUR 106 from EUR 90 |
| * Kier Group Plc KIE.L: Berenberg raises target price to 225p from 210p |
| * Kion Group AG KGX.DE: Jefferies raises target price to EUR 62 from EUR 57 |
| * Kone KNEBV.HE: UBS raises target price to EUR 65 from EUR 57 |
| * Leonardo LDOF.MI: Barclays initiates coverage with equalweight rating |
| * Leonardo LDOF.MI: Barclays initiates coverage with target price EUR 51 |
| * Lloyds LLOY.L: JP Morgan raises target price to 98p from 85p |
| * M&G MNG.L: RBC raises target price to 265p from 240p |
| * Maersk MAERSKb.CO: Morgan Stanley cuts target price to DKK 11400 from DKK 11600 |
| * Medacta Group SA MOVE.S: Morgan Stanley raises target price to CHF 161 from CHF 159 |
| * Millennium BCP BCP.LS: JP Morgan cuts to neutral from overweight |
| * Millennium BCP BCP.LS: JP Morgan raises target price to EUR 0.75 from EUR 0.71 |
| * Natwest Group Plc NWG.L: JP Morgan raises target price to 700p from 610p |
| * Netcompany Group A/S NETCG.CO: Morgan Stanley cuts PT to DKK 285 from DKK 290 |
| * OCI NV OCI.AS: JP Morgan cuts target price to EUR 6 from EUR 8.50 |
| * PVA Tepla AG TPEG.DE: Berenberg raises target price to EUR 39 from EUR 29 |
| * Regional REIT Ltd RGLR.L: Peel Hunt cuts target price to 140p from 145p |
| * Rheinmetall AG RHMG.DE: Barclays initiates coverage with overweight rating |
| * Rheinmetall AG RHMG.DE: Barclays initiates coverage with target price EUR 2050 |
| * Rosebank Industries Plc ROSE.L: Barclays initiates coverage with overweight rating |
| * Rosebank Industries Plc ROSE.L: Barclays initiates coverage with target price 430p |
| * Saab AB SAABb.ST: Barclays initiates coverage with target price SEK 395 |
| * Saab AB SAABb.ST: Barclays initiates coverage with underweight rating |
| * Schaeffler AG SHA0n.DE: Jefferies raises target price to EUR 5.25 from EUR 4.45 |
| * SEB AB SEBa.ST: JP Morgan raises target price to SEK 180 from SEK 151 |
| * Siegfried Holding AG SFZN.S: William Blair initiates coverage with outperform rating |
| * Sofina SA SOF.BR: Kepler Cheuvreux raises target price to EUR 302 from EUR 293 |
| * Sofina SA SOF.BR: Kepler Cheuvreux raises to buy from hold |
| * Standard Chartered Plc STAN.L: JP Morgan raises target price to 1670p from 1490p |
| * Subsea 7 SUBC.OL: Bernstein raises target price to NOK 240 from NOK 231 |
| * Swedbank SWEDa.ST: JP Morgan raises target price to SEK 273 from SEK 241 |
| * Syensqo NV SYENS.BR: Kepler Cheuvreux cuts target price to EUR 78 from EUR 85 |
| * Syensqo NV SYENS.BR: Kepler Cheuvreux cuts to hold from buy |
| * Temenos AG TEMN.S: Baader Helvea cuts target price to CHF 56 from CHF 59 |
| * Tietoevry TIETO.HE: Morgan Stanley cuts target price to EUR 18.75 from EUR 20 |
| * Treatt Plc TET.L : Deutsche Bank raises target price to 260p from 200p |
| * UMG UMG.AS: Citigroup raises target price to EUR 29 from EUR 27 |
| * UMG UMG.AS: Citigroup raises to buy from neutral |
| * Unicredit CRDI.MI: JP Morgan raises target price to EUR 80 from EUR 70 |
| * Uniphar Plc UPR.I: RBC raises target price to EUR 4.8 from EUR 4.7 |
