| * Alcon ALCC.S: Deutsche Bank cuts target price to CHF 70 from CHF 77 |
| * Ambu A/S AMBUb.CO: UBS cuts target price to DKK 96 from DKK 138 |
| * Ams Osram AG AMS.S: Deutsche Bank raises target price to CHF 16 from CHF 9.5 |
| * Ams-Osram AG AMS.S: Alphavalue raises to reduce from sell |
| * Anheuser-Busch Inbev SA ABI.BR: Morgan Stanley raises PT to EUR 74 from EUR 70.5 |
| * Argenx SE ARGX.BR: Bernstein cuts target price to EUR 877 from EUR 915 |
| * Asos ASOS.L: Deutsche Bank raises target price to 400p from 375p |
| * Aurubis NAFG.DE: Deutsche Bank raises target price to EUR 178 from EUR 168 |
| * BASF BASFn.DE: Morgan Stanley raises target price to EUR 60 from EUR 58 |
| * Bilendi SA ALBLD.PA: Portzamparc initiates coverage with rating buy |
| * Bilendi SA ALBLD.PA: Portzamparc initiates coverage with target price EUR 23.3 |
| * Bouygues SA BOUY.PA: Barclays raises target price to EUR 53 from EUR 51 |
| * Bravida BRAV.ST: Deutsche Bank raises target price to SEK 106 from SEK 100 |
| * Caixabank CABK.MC: Deutsche Bank raises target price to EUR 11.35 from EUR 10.85 |
| * Chesnara Plc CSN.L: Berenberg raises target price to 373p from 339p |
| * Commerzbank CBKG.DE: Deutsche Bank raises target price to EUR 42 from EUR 40 |
| * Compass Group CPG.L: Kepler Cheuvreux sets price target at $40 following change in trading currency of ordinary shares |
| * Credit Agricole SA CAGR.PA: UBS cuts target price to EUR 21.6 from EUR 21.8 |
| * Danske Bank DANSKE.CO: Barclays raises target price to DKK 381 from DKK 376 |
| * Danske Bank DANSKE.CO: Kepler Cheuvreux raises target price to DKK 374 from DKK 365 |
| * Danske Bank DANSKE.CO: Morgan Stanley raises target price to DKK 368 from DKK 350 |
| * DNB DNB.OL: Morgan Stanley cuts target price to NOK 276 from NOK 296 |
| * Elis SA ELIS.PA: Morgan Stanley raises target price to EUR 31.5 from EUR 30 |
| * Equinor ASA EQNR.OL: Morgan Stanley cuts target price to NOK 376 from NOK 388 |
| * Essilorluxottica ESLX.PA: Deutsche Bank initiates coverage with hold rating |
| * Essilorluxottica ESLX.PA: Deutsche Bank initiates coverage with target price EUR 183 |
| * Ferrari NV RACE.MI: Morgan Stanley cuts target price to EUR 330 from EUR 357 |
| * Fincantieri FCT.MI: Kepler Cheuvreux raises target price to EUR 17 from EUR 16.5 |
| * Forbo FORN.S: Kepler Cheuvreux cuts target price to CHF 760 from CHF 820 |
| * GEA G1AG.DE: Deutsche Bank raises target price to EUR 64 from EUR 63 |
| * Generali GASI.MI: Kepler Cheuvreux raises target price to EUR 45.21 from EUR 39.73 |
| * Grifols GRLS.MC: Deutsche Bank cuts target price to EUR 10 from EUR 11 |
| * Hannover Re HNRGn.DE: Morgan Stanley cuts target price to EUR 260 from EUR 270 |
| * Hannover Rueck SE HNRGn.DE: RBC cuts target price to EUR 270 from EUR 280 |
| * Hermes HRMS.PA: Barclays cuts target price to EUR 1700 from EUR 2310 |
| * Hermes HRMS.PA: HSBC cuts target price to EUR 2100 from EUR 2300 |
| * Hydro NHY.OL: Citigroup raises target price to NOK 110 from NOK 105 |
| * Hydro NHY.OL: Citigroup cuts to neutral from buy |
| * IMI Plc IMI.L: JP Morgan cuts target price to 3050p from 3100p |
| * Iren SpA IREE.MI: Equita raises to buy rating |
| * Julius Baer BAER.S: Morgan Stanley raises target price to CHF 59 from CHF 58 |
| * K+S SDFGn.DE: Deutsche Bank raises target price to EUR 10.5 from EUR 10.2 |
| * Kering PRTP.PA: Barclays raises target price to EUR 300 from EUR 255 |
| * Kering PRTP.PA: Barclays raises to equal-weight from underweight |
| * Lacroix Group SA: Portzamparc raises PT to EUR 18.1 from EUR 16.4; rating buy |
| * Legrand LEGD.PA: Goldman Sachs raises target price to EUR 156 from EUR 138 |
| * Lloyds Banking Group LLOY.L: Kepler Cheuvreux raises target price to 127p from 120p |
| * LVMH LVMH.PA: Barclays raises target price to EUR 600 from EUR 570 |
| * LVMH LVMH.PA: Barclays raises to overweight from equal-weight |
| * LVMH LVMH.PA: HSBC cuts target price to EUR 600 from EUR 650 |
| * Mayr-Melnhof Karton AG MMKV.VI: Alphavalue cuts target price to EUR 112 from EUR 132 |
| * Moncler MONC.MI: HSBC cuts target price to EUR 68 from EUR 70 |
| * National Bank of Greece SA NBGr.AT: UBS raises target price to EUR 18.2 from EUR 17.5 |
| * Natwest Group NWG.L: Kepler Cheuvreux raises target price to 790p from 750p |
| * Nexans NEXS.PA: Jefferies raises target price to EUR 162 from EUR 132 |
| * Nordea Bank Abp NDAFI.HE: Morgan Stanley raises target price to EUR 16.1 from EUR 15.7 |
| * Ottobock OBCK.DE: Deutsche Bank raises PT to EUR 83 from EUR 81 |
| * Pharmanutra SpA PHNU.MI: Berenberg raises target price to EUR 93 from EUR 85 |
| * Pharmanutra SpA PHNU.MI: TP ICAP Midcap raises PT to EUR 92.0 from EUR 76.0; rating buy |
| * Renewables Infrastructure Group Ltd TRIG.L: RBC cuts target price to 85p from 90p |
| * Richemont CFR.S: Barclays raises target price to CHF 200 from CHF 195 |
| * Rolls Royce RR.L: Alphavalue raises to reduce from sell |
| * Rs Group Plc RS1R.L: UBS cuts target price to 620p from 750p |
| * Severn Trent SVT.L: BofA Global Research raises price objective to 3600p from 3500p |
| * Shell SHEL.L: Berenberg cuts target price to 4000p from 4100p |
| * Shell Plc SHEL.L: Morgan Stanley cuts target price to 3495p from 3589p |
| * Siemens SIEGn.DE: UBS raises target price to EUR 300 from EUR 255 |
| * Siemens Healthineers AG SHLG.DE: JP Morgan cuts PT to EUR 55.8 from EUR 61.3 |
| * Skandinaviska Enskilda Banken AB SEBa.ST: Morgan Stanley cuts PT to SEK 175 from SEK 179 |
| * Sobi SOBIV.ST: Deutsche Bank raises target price to SEK 490 from SEK 450 |
| * Soitec SA SOIT.PA: JP Morgan raises target price to EUR 150 from EUR 50 |
| * Suss Microtec SMHNn.DE: UBS raises target price to EUR 105.5 from EUR 55 |
| * Svas Biosana SpA SVSB.MI: TP ICAP Midcap cuts PT to EUR 12.0 from EUR 12.9; rating buy |
| * Svenska Handelsbanken AB SHBa.ST: Morgan Stanley raises PT to SEK 129 from SEK 128 |
| * Swatch UHR.S: HSBC raises target price to CHF 180 from CHF 165 |
| * Swedbank SWEDa.ST: Morgan Stanley raises target price to SEK 309 from SEK 300 |
| * Tenaris TENR.MI: Kepler Cheuvreux raises target price to EUR 25 from EUR 22.5 |
| * TKH Group TWKNc.AS: KBC Securities cuts to accumulate from buy |
| * TKH Group TWKNc.AS: KBC Securities raises target price to EUR 49 from EUR 42 |
| * TotalEnergies SE TTEF.PA: Morgan Stanley raises PT to EUR 89.1 from EUR 88.3 |
| * Truecaller AB TRUEb.ST: Deutsche Bank raises target price to SEK 20 from SEK 15 |
| * Trustpilot IPO-TST.L: Morgan Stanley cuts to equal weight from overweight |
| * Trustpilot IPO-TST.L: Morgan Stanley raises target price to 275p from 265p |
| * Vodafone VOD.L: New Street Research cuts to neutral from buy |
| * WH Smith Plc SMWH.L: Berenberg cuts target price to 574p from 634p |
| * Yara YAR.OL: Citigroup cuts to neutral from buy |
| * Yara YAR.OL: Citigroup raises PT to NOK 530 from NOK 430 |
| * Zealand pharma A/S ZELA.CO: Barclays cuts target price to DKK 425 from DKK 560 |
