| * Alfa Laval ALFA.ST: Morgan Stanley cuts target price to SEK 398 from SEK 400 |
| * Allfunds Group Plc ALLFG.AS: UBS raises target price to EUR 7.2 from EUR 6 |
| * Ambu A/S AMBUb.CO: Bernstein cuts target price to DKK 126.9 from DKK 148.2 |
| * Anheuser-Busch Inbev ABI.BR: HSBC raises target price to EUR 72 from EUR 65 |
| * ArcelorMittal SA MT.AS: BofA Global Research raises PT to EUR 31 from EUR 29 |
| * Argenx ARGX.BR: Morgan Stanley cuts target price to EUR 650 from EUR 715 |
| * Barclays BARC.L: Deutsche Bank raises target price to 380p from 370p |
| * Carlsberg CARLb.CO: Jefferies raises target price to DKK 1050 from DKK 1040 |
| * Deliveroo Plc ROO.L: Exane BNP Paribas cuts to neutral rating |
| * Demant DEMANT.CO: Barclays raises target price to DKK 285 from DKK 220 |
| * Demant DEMANT.CO: Barclays raises to equal weight from underweight |
| * EasyJet EZJ.L: JP Morgan cuts target price to 700p from 730p |
| * Everplay Group Plc EVPL.L: Peel Hunt raises target price to 400p from 360p |
| * Frasers FRAS.L: Barclays reinstates coverage with equal weight rating; PT 760p |
| * Givaudan SA GIVN.S: Berenberg raises target price to CHF 4,750 from CHF 4,700 |
| * Givaudan SA GIVN.S: Morgan Stanley raises target price to CHF 3650 from CHF 3600 |
| * GN Store Nord A/S GN.CO: Barclays cuts target price to DKK 133 from DKK 135 |
| * Hays HAYS.L: Deutsche Bank cuts target price to 100p from 110p |
| * Hexagon HEXAb.ST: JP Morgan cuts target price to SEK 105 from SEK 110 |
| * Hydro NHY.OL: BofA Global Research cuts price objective to NOK 67 from NOK 74 |
| * Infineon Technologies IFXGn.DE: Deutsche Bank raises PT to EUR 42 from EUR 38 |
| * Johnson Matthey JMAT.L: Panmure Liberum cuts target price to 2290p from 2400p |
| * Kenmare Resources Plc KMR.L: Berenberg cuts target price to 390p from 580p |
| * Kenmare Resources Plc KMR.L: Berenberg cuts to hold from buy |
| * Lloyds Banking Group LLOY.L: Deutsche Bank raises target price to 90p from 88p |
| * Lords Group Trading Plc LORD.L: Stifel raises target price to 55p from 50p |
| * LVMH LVMH.PA: RBC cuts target price to EUR 550 from EUR 680 |
| * LVMH SA LVMH.PA: Morgan Stanley cuts target price to EUR 510 from EUR 560 |
| * Moncler MONC.MI: Jefferies cuts target price to EUR 49 from EUR 57 |
| * MTU Aero Engines AG MTXGn.DE: Jefferies raises PT to EUR 430 from EUR 410 |
| * Neste Corporation NESTE.HE: Morgan Stanley raises PT to EUR 11.5 from EUR 10.4 |
| * Oxford Metrics Plc OMG1.L: Canaccord Genuity cuts target price to 85p from 100p |
| * Oxford Metrics Plc OMG1.L: Canaccord Genuity cuts to speculative buy from buy |
| * Paragon Banking PAGPA.L: Deutsche Bank raises to buy from hold |
| * Paragon Banking Group Plc PAGPA.L: Deutsche Bank raises PT to 1050p from 890p |
| * Rs Group Plc RS1R.L: Morgan Stanley cuts target price to 770p from 800p |
| * Sodexo EXHO.PA: Jefferies cuts target price to EUR 49 from EUR 62 |
| * Sonova Holding AG SOON.S: Barclays cuts target price to CHF 225 from CHF 275 |
| * Sonova Holding AG SOON.S: Barclays cuts to underweight from equal weight |
| * Standard Chartered STAN.L: Deutsche Bank raises target price to 1200p from 970p |
| * STMicroelectronics STMPA.PA: Deutsche Bank raises PT to EUR 30 from EUR 26 |
| * Syncona Limited SYNCS.L: Deutsche Bank cuts target price to 170p from 205p |
| * Synthomer SYNTS.L: Jefferies cuts target price to 100p from 107p |
| * Tatton Asset Management Plc TAMT.L: Peel Hunt raises PT to 720p from 685p |
| * Tharisa Plc THST.L: Berenberg raises target price to 200p from 180p |
| * Travis Perkins TPK.L: Citigroup raises target price to 700p from 600p |
| * TUI AG TUI1n.DE: Barclays raises target price to EUR 11 from EUR 7.7 |
| * TUI AG TUI1N.DE: Barclays raises to overweight from underweight |
| * United Utilities UU.L: RBC cuts to sector perform from outperform |
| * Vinci SA SGEF.PA: Morgan Stanley raises target price to EUR 138 from EUR 135 |
| * Voestalpine AG VOES.VI: BofA Global Research raises PT to EUR 25 from EUR 21.5 |
| * Wacker Chemie AG WCHG.DE: Deutsche Bank cuts PT to EUR 57 from EUR 74 |
| * Wacker Chemie AG WCHG.DE: Deutsche Bank cuts to hold from buy |
| * Whitbread WTB.L: Jefferies cuts target price to 3100p from 3200p |
