| * Admiral ADML.L: BofA Global Research raises PT to 3550p from 3300p |
| * Admiral Group ADML.L: UBS raises target price to 3550p from 3300p |
| * Admiral Group ADML.L: UBS raises to buy from neutral |
| * Arbonia AG ARBNO.S: UBS cuts target price to CHF 4.7 from CHF 5.2 |
| * Ascom ASCN.S: UBS raises target price to CHF 5.6 from CHF 3.75 |
| * Asmi ASMI.AS: Kepler Cheuvreux raises target price to EUR 850 from EUR 700 |
| * Balfour Beatty Plc BALF.L: Morgan Stanley raises target price to 770p from 755p |
| * Banco Comercial Portugues SA BCP.LS: Barclays cuts PT to EUR 0.95 from EUR 1 |
| * Beiersdorf AG BEIG.DE: RBC cuts target price to EUR 70 from EUR 100 |
| * Beiersdorf AG BEIG.DE: RBC cuts to underperform from sector perform |
| * Bouygues SA BOUY.PA: Barclays raises target price to EUR 51 from EUR 45 |
| * Capita Plc CPI.L: RBC cuts target price to 450p from 480p |
| * Centrica CNA.L: Citigroup raises target price to 218p from 200p |
| * Centrica CNA.L: Citigroup raises to buy from neutral |
| * Clarkson Plc CKN.L: Berenberg raises target price to 5250p from 4750p |
| * Clarkson Plc CKN.L: Deutsche Bank raises target price to 4850p from 4350p |
| * Costain COSG.L: Peel Hunt raises target price to 200p from 180p |
| * DEME Group DEME.BR: KBC Securities raises PT to EUR 240 from EUR 230; rating 'buy' |
| * Derwent London DLN.L: UBS cuts target price to 1650p from 1800p |
| * Derwent London Plc DLN.L: Peel Hunt cuts target price to 2000p from 2290p |
| * Drax Group DRX.L: UBS raises target price to 720p from 680p |
| * DSM-Firmenich AG DSFIR.AS: Citigroup cuts target price to EUR 87 from EUR 106 |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley cuts target price to EUR 66 from EUR 81 |
| * Edreams Odigeo EDRE.MC: Deutsche Bank cuts target price to EUR 4 from EUR 5.4 |
| * Electrolux ELUXb.ST: Barclays cuts target price to SEK 56 from SEK 58 |
| * Engie ENGIE.PA: Morgan Stanley raises target price to EUR 30 from EUR 26 |
| * Ensilica Plc ENSI.L: Panmure Liberum raises target price to 63p from 55p |
| * Euroapi EAPI.PA: Deutsche Bank cuts target price to EUR 1 from EUR 2 |
| * Exail Technologies SA EXA.PA: TP ICAP Midcap rating 'buy' |
| * Exail Technologies SA EXA.PA: TP ICAP Midcap raises PT to EUR 128 from EUR 116 |
| * Electrolux ELUXb.ST: Barclays cuts target price to SEK 56 from SEK 58 |
| * Ferrari N.V. RACE.MI: Barclays cuts target price to EUR 360 from EUR 365 |
| * Fresenius Medical Care AG FMEG.DE: UBS cuts target price to EUR 37 from EUR 38 |
| * Fresenius SE & Co KGaA FREG.DE: UBS cuts target price to EUR 57 from EUR 60 |
| * Genfit GNFT.PA: Portzamparc raises target price to EUR 10.7 from EUR 10.1; rating 'buy' |
| * Greggs GRG.L: RBC cuts target price to 1,830p from 1,970p |
| * Grifols SA GRLS.MC: Morgan Stanley cuts target price to EUR 11 from EUR 14 |
| * Grifols SA GRLS.MC: Morgan Stanley cuts to equal weight from overweight |
| * GTT GTT.PA: Morgan Stanley raises target price to EUR 150 from EUR 147.5 |
| * Gubra A/S GUBRA.CO: Van Lanschot Kempen cuts target price to DKK 650 from DKK 700 |
| * Hermes HRMS.PA: Kepler Cheuvreux raises to buy from hold - |
| * Jupiter Fund Management Plc JUP.L: Morgan Stanley raises PT to 189p from 185p |
| * Knorr Bremse AG KBX.DE: Morgan Stanley raises target price to EUR 112 from EUR 107 |
| * Kongsberg Gruppen ASA KOG.OL: Morgan Stanley raises PT to NOK 360 from NOK 290 |
| * Man Group EMG.L: Morgan Stanley raises target price to 291p from 283p |
| * Medmix AG MEDX.S: UBS cuts target price to CHF 16 from CHF 18 |
| * Novo Nordisk NOVOb.CO: TD Cowen cuts target price to DKK 270 from DKK 280 |
| * Novo Nordisk NOVOb.CO: TD Cowen cuts to hold from buy |
| * Novonesis NSISb.CO: Berenberg cuts target price to DKK 410 from DKK 478 |
| * Pan African Resources Plc PAFR.L: Berenberg cuts target price to 181p from 190p |
| * Piraeus Bank BOPr.AT: UBS raises target price to EUR 10.8 from EUR 10.2 |
| * Proximus PROX.BR: KBC Securities raises target price to EUR 9.50 from EUR 8.70 |
| * Proximus PROX.BR: KBC Securities raises to 'buy' from 'accumulate |
| * Prudential Plc PRU.L: Barclays raises target price to 1330p from 1320p |
| * Reach Plc RCH.L: Barclays raises target price to 64p from 61p |
| * Reckitt RKT.L: Berenberg cuts target price to 5479p from 5647p |
| * Reckitt Benckiser RKT.L: HSBC cuts target price to 6500p from 6510p |
| * Rentokil RTO.L: Jefferies raises target price to 550p from 540p |
| * Rentokil Initial Plc RTO.L: Morgan Stanley raises target price to 550p from 520p |
| * Rotork Plc ROR.L: JP Morgan cuts target price to 390p from 420p |
| * Saipem SPMI.MI: Morgan Stanley raises target price to EUR 3.8 from EUR 3.35 |
| * SBM Offshore NV SBMO.AS: Morgan Stanley raises target price to EUR 37 from EUR 32.5 |
| * Sectra AB SECTb.ST: Stifel raises target price to SEK 210 from SEK 200 |
| * Sectra AB SECTb.ST: Stifel raises to hold from sell |
| * SFS Group AG SFSN.S: Berenberg raises target price to CHF 130 from CHF 120 |
| * SFS Group AG SFSN.S: Kepler Cheuvreux cuts to hold from buy |
| * Sodexo EXHO.PA: Deutsche Bank cuts target price to EUR 57 from EUR 60 |
| * STMicroelectronics STMPA.PA: Deutsche Bank raises target price to EUR 32 from EUR 28 |
| * Stroeer SAXG.DE: Berenberg cuts target price to EUR 52 from EUR 69 |
| * Subsea 7 SUBC.OL: Morgan Stanley raises target price to NOK 270 from NOK 250 |
| * Swiss Re AG SRENH.S: JP Morgan cuts target price to CHF 145 from CHF 155 |
| * Taylor Wimpey TW.L: Berenberg cuts target price to 120p from 128p |
| * Taylor Wimpey TW.L: Peel Hunt cuts target price to 105p from 110p |
| * Technip Energies NV TE.PA: Morgan Stanley raises PT to EUR 32.6 from EUR 32.2 |
| * Tele2 AB TEL2b.ST: Goldman Sachs raises PT to SEK 225 from SEK 200 |
| * Vallourec VLLP.PA: Morgan Stanley raises target price to EUR 20 from EUR 19.5 |
| * Van Lanschot Kempen NV VLAN.AS: Kepler Cheuvreux raises PT to EUR 62.6 from EUR 56.5 |
| * Veolia Environnement VIE.PA: Deutsche Bank raises PT to EUR 35 from EUR 33 |
| * Vetoquinol VETO.PA: TP ICAP Midcap cuts PT to EUR 83 from EUR 88; rating 'hold' |
| * Vidrala VID.MC: Citigroup cuts target price to EUR 85 from EUR 93 |
| * Vistry Group Plc VTYV.L: Goldman Sachs cuts target price to 625p from 710p |
| * Vistry Group Plc VTYV.L: JP Morgan cuts target price to 530p from 640p |
| * Vistry Group Plc VTYV.L: Peel Hunt cuts target price to 670p from 750p |
