| * Aalberts NV AALB.AS: Bernstein cuts target price to EUR 37 from EUR 38 |
| * Acciona ANA.MC: BofA Global Research raises price objective to EUR 125 from EUR 105 |
| * Admiral ADML.L: JP Morgan cuts target price to 3000p from 3050p |
| * Admiral ADML.L: JP Morgan cuts to underweight from neutral |
| * Ageas SA AGES.BR: JP Morgan cuts target price to EUR 63 from EUR 72 |
| * Ageas SA AGES.BR: JP Morgan cuts to neutral from overweight |
| * Allianz SE ALVG.DE: JP Morgan raises target price to EUR 380 from EUR 360 |
| * Anglo American AAL.L: Jefferies raises target price to 3500p from 3300p |
| * Anheuser-Busch Inbev SA ABI.BR: Morgan Stanley cuts PT to EUR 66.5 from EUR 68 |
| * Antofagasta ANTO.L: Jefferies raises target price to 3000p from 2800p |
| * Argenx SE ARGX.BR: JP Morgan raises target price to EUR 950 from EUR 805 |
| * Asos Plc ASOS.L: Peel Hunt cuts target price to 300p from 335p |
| * AstraZeneca AZN.L: JP Morgan raises target price to 16000p from 14000p |
| * Atlas Copco ATCOa.ST: Morgan Stanley cuts target price to SEK 162 from SEK 184 |
| * Atos ATOS.PA: BofA Global Research raises PT to EUR 46 from EUR 32 |
| * Augmentum Fintech AUGM.L: Barclays cuts target price to 110p from 139p |
| * Auto1 Group SE AG1G.DE: Jefferies initiates coverage with buy rating |
| * Auto1 Group SE AG1G.DE: Jefferies initiates coverage with target price EUR 34 |
| * Aviva AV.L: JP Morgan cuts to neutral from overweight |
| * Avolta AVOL.S: UBS raises target price to CHF 48 from CHF 45 |
| * Barratt Redrow Plc BTRW.L: Citigroup cuts target price to 506p from 530p |
| * Barry Callebaut BARN.S: Barclays raises target price to CHF 1,200 from CHF 1,100 |
| * Bayer AG BAYGn.DE: JP Morgan raises target price to EUR 50 from EUR 25 |
| * Bayer AG BAYGn.DE: JP Morgan raises to overweight from neutral |
| * Bechtle AG BC8G.DE: BofA Global Research raises PT to EUR 40 from EUR 35 |
| * Bellway Plc BWY.L: Citigroup raises target price to 3,100p from 3,090p |
| * Berkeley Group BKGH.L: Citigroup cuts target price to 3,710p from 4,000p |
| * BHP Group BHPB.L: Jefferies raises target price to 2,200p from 2,100p |
| * Boliden BOL.ST: Barclays cuts target price to SEK 371 from SEK 385 |
| * Breedon Group Plc BREE.L: RBC raises target price to 525p from 500p |
| * British Land BLND.L: Barclays cuts target price to 450p from 460p |
| * Buzzi BZU.MI: Deutsche Bank raises target price to EUR 58 from EUR 48 |
| * Buzzi BZU.MI: Deutsche Bank raises to buy from hold |
| * Chrysalis Investments CHRY.L: Barclays raises target price to 152p from 112p |
| * Compass Group CPG.L: UBS cuts target price to 2,985p from 3,010p |
| * CRH CRH.L: Deutsche Bank cuts target price to 10,389p from 10,643p |
| * Deme DEME.BR: ING cuts target price to EUR 195 from EUR 200 |
| * Elia Group SA ELI.BR: BofA Global Research raises PT to EUR 125 from EUR 104 |
| * Elia Group SA ELI.BR: BofA Global Research raises to buy from neutral |
| * Endesa ELE.MC: BofA Global Research raises price objective to EUR 26.50 from EUR 22.50 |
| * Enel ENEI.MI: Bernstein raises target price to EUR 8.90 from EUR 8.50 |
| * Enel ENEI.MI: Bernstein cuts to market perform from outperform |
| * Engie SA ENGIE.PA: BofA Global Research raises price objective to EUR 25 from EUR 21 |
| * Flatexdegiro AG FTKn.DE: Berenberg raises target price to EUR 42 from EUR 32 |
| * Fortum FORTUM.HE: RBC initiates coverage with sector perform rating |
| * Fortum FORTUM.HE: RBC initiates coverage with target price EUR 17.50 |
| * Freenet AG FNTGn.DE: Bernstein cuts target price to EUR 37.60 from EUR 39.40 |
| * Future Plc FUTR.L: Berenberg cuts target price to 970p from 1320p |
| * Galderma Group AG GALD.S: JP Morgan raises target price to CHF 190 from CHF 160 |
| * GEA Group AG G1AG.DE: Morgan Stanley cuts target price to EUR 54 from EUR 60 |
| * GEA Group AG G1AG.DE: Morgan Stanley cuts to underweight from equal weight |
| * Geberit GEBN.S: Deutsche Bank raises target price to CHF 558 from CHF 487 |
| * Geberit GEBN.S: Deutsche Bank raises to hold from sell |
| * Generali GASI.MI: JP Morgan raises target price to EUR 42 from EUR 40 |
| * Genmab GMAB.CO: JP Morgan raises target price to DKK 2050 from DKK 1650 |
| * Georg Fischer AG GF.S: Kepler Cheuvreux cuts target price to CHF 62 from CHF 65 |
| * Georg Fischer AG GF.S: Kepler Cheuvreux raises to buy from hold |
| * Glencore GLEN.L: Barclays raises target price to 450p from 420p |
| * Glencore GLEN.L: Jefferies raises target price to 475p from 450p |
| * GSK GSK.L: JP Morgan raises target price to 1,700p from 1,500p |
| * Hammerson HMSO.L: Barclays raises target price to 335p from 330p |
| * Hannover Rueck SE HNRGn.DE: JP Morgan cuts target price to EUR 290 from EUR 320 |
| * Hannover Rueck SE HNRGn.DE: JP Morgan cuts to neutral from overweight |
| * Heidelberg Materials HEIG.DE: RBC raises target price to EUR 233 from EUR 218 |
| * Heidelberg Materials HEIG.DE: RBC cuts to sector perform from outperform |
| * Heidelberg Materials AG HEIG.DE: Deutsche Bank raises PT to EUR 267 from EUR 229 |
| * Holcim HOLN.S: Deutsche Bank raises target price to CHF 91 from CHF 75 |
| * Holcim AG HOLN.S: RBC raises target price to CHF 70 from CHF 61 |
| * Intercontinental Hotels Group IHG.L: UBS raises target price to 10,685p from 9,450p |
| * Kainos KNOS.L: BofA Global Research raises price objective to 1,290p from 960p |
| * Kainos KNOS.L: BofA Global Research raises to buy from underperform |
| * Kion KGX.DE: Deutsche Bank raises target price to EUR 70 from EUR 66 |
| * Knorr Bremse AG KBX.DE: Morgan Stanley raises target price to EUR 107 from EUR 83 |
| * Knorr-Bremse KBX.DE: Deutsche Bank raises target price to EUR 100 from EUR 82 |
| * Knorr-Bremse KBX.DE: Deutsche Bank raises to buy from hold |
| * Londonmetric Property LMPL.L: Barclays cuts target price to 220p from 225p |
| * M&G MNG.L: JP Morgan cuts to neutral from overweight; cuts PT to 305p from 315p |
| * Merck KGaA MRCG.DE: JP Morgan cuts target price to EUR 150 from EUR 155 |
| * Molten Ventures GROW.L: Barclays raises target price to 575p from 475p |
| * Munich Re MUVGn.DE: JP Morgan raises target price to EUR 655 from EUR 650 |
| * National Grid Plc NG.L: BofA Global Research raises PT to 1,300p from 1,240p |
| * Netcompany Group A/S NETCG.CO: BofA Global Research raises PT to DKK 410 from DKK 390 |
| * Nextenergy Solar Fund Ltd NESF.L: Jefferies cuts to underperform from hold |
| * Novartis AG NOVN.S: JP Morgan raises target price to CHF 125 from CHF 95 |
| * Novartis AG NOVN.S: JP Morgan raises to overweight from neutral |
| * Novo Nordisk NOVOb.CO: JP Morgan cuts target price to DKK 350 from DKK 500 |
| * On the Beach Group Plc OTB.L: Berenberg raises target price to 330p from 300p |
| * Orsted ORSTED.CO: BofA Global Research raises price objective to DKK 150 from DKK 145 |
| * Oxford Biomedica Plc OXB.L: JP Morgan raises target price to 550p from 400p |
| * Pandox AB PANDXb.ST: UBS initiates coverage with buy rating |
| * Paragon Banking Group Plc PAGPA.L: Deutsche Bank raises PT to 1,100p from 1,050p |
| * Persimmon PSN.L: Citigroup raises target price to 1613p from 1541p |
| * Prosus N.V. PRX.AS: Barclays raises target price to EUR 71.50 from EUR 66.80 |
| * Proximus PROX.BR: Barclays raises target price to EUR 8 from EUR 7.50 |
| * Raiffeisen Bank International AG RBIV.VI: Citigroup raises PT to EUR 37.10 from EUR 30.50 |
| * Raiffeisen Bank International AG RBIV.VI: Citigroup cuts to neutral from buy |
| * Recordati RECI.MI: JP Morgan raises target price to EUR 70 from EUR 67 |
| * Renk Group AG R3NK.DE: Citigroup raises to buy from neutral |
| * Rexel S.A. RXL.PA: Morgan Stanley raises target price to EUR 38 from EUR 34 |
| * Rio Tinto RIO.L: Jefferies raises target price to 5,700p from 5,000p |
| * Roche Holding AG ROG.S: JP Morgan raises target price to CHF 350 from CHF 230 |
| * Roche Holding AG ROG.S: JP Morgan raises to neutral from underweight |
| * Rotork Plc ROR.L: Morgan Stanley cuts target price to 350p from 374p |
| * Rotork Plc ROR.L: Morgan Stanley cuts to equal weight from overweight |
| * RWE AG RWEG.DE: BofA Global Research raises price objective to EUR 56 from EUR 45 |
| * Sage Group SGE.L: BofA Global Research raises price objective to 1,620p from 1,530p |
| * Saint-Gobain SGOB.PA: Deutsche Bank cuts target price to EUR 91 from EUR 96 |
| * Saint-Gobain SGOB.PA: RBC cuts target price to EUR 96 from EUR 105 |
| * Salvatore Ferragamo SFER.MI: Barclays cuts target price to EUR 4.90 from EUR 5.10 |
| * Salzgitter SZGG.DE: UBS raises target price to EUR 50 from EUR 22.50 |
| * Salzgitter SZGG.DE: UBS raises to buy from neutral |
| * Sandoz Group AG SDZ.S: JP Morgan raises target price to CHF 66 from CHF 60 |
| * Sandvik SAND.ST: Deutsche Bank raises target price to SEK 308 from SEK 301 |
| * Sanofi SASY.PA: JP Morgan cuts target price to EUR 95 from EUR 105 |
| * Sanofi SASY.PA: JP Morgan cuts to neutral from overweight |
| * Sartorius AG SATG.DE: JP Morgan raises target price to EUR 270 from EUR 235 |
| * Sartorius AG SATG_p.DE: JP Morgan raises target price to EUR 295 from EUR 260 |
| * Sartorius Stedim Biotech SA STDM.PA: JP Morgan raises PT to EUR 260 from EUR 225 |
| * Scandic Hotels Group AB SHOTE.ST: UBS raises target price to SEK 101 from SEK 87.10 |
| * Scandic Hotels Group AB SHOTE.ST: UBS raises to buy from neutral |
| * Schindler Holding AG SCHP.S: Morgan Stanley raises to equal weight from underweight |
| * Schott pharma 1SXP.DE: Deutsche Bank cuts target price to EUR 19 from EUR 29 |
| * Schott pharma 1SXP.DE: Deutsche Bank cuts to hold from buy |
| * Schott pharma 1SXP.DE: Barclays cuts target price to EUR 15 from EUR 28 |
| * Siemens Energy AG ENR1n.DE: Morgan Stanley raises PT to EUR 130 from EUR 125 |
| * Signify NV LIGHT.AS: Morgan Stanley cuts target price to EUR 18 from EUR 22 |
| * Signify NV LIGHT.AS: Morgan Stanley cuts to underweight from equal weight |
| * Sika SIKA.S: Deutsche Bank cuts target price to CHF 168 from CHF 237 |
| * Sika SIKA.S: Deutsche Bank cuts to hold from buy |
| * Sika AG SIKA.S: RBC cuts target price to CHF 184 from CHF 235 |
| * Sika AG SIKA.S: RBC cuts to sector perform from outperform |
| * Sodexo EXHO.PA: Alphavalue cuts to add from buy |
| * Sodexo EXHO.PA: UBS cuts target price to EUR 46.75 from EUR 66.75 |
| * Sodexo EXHO.PA: UBS cuts to neutral from buy |
| * Soitec SA SOIT.PA: Jefferies cuts target price to EUR 26 from EUR 42 |
| * Sopra Steria Group SA SOPR.PA: BofA Global Research cuts PT to EUR 171 from EUR 206 |
| * Spire Healthcare Group Plc SPI.L: Deutsche Bank cuts target price to 245p from 300p |
| * SSE SSE.L: BofA Global Research raises price objective to 2,420p from 2,370p |
| * SSP Group Plc SSPG.L: UBS raises target price to 180p from 170p |
| * Straumann Holding AG STMN.S: JP Morgan raises to overweight from neutral |
| * Swiss Re AG SRENH.S: JP Morgan cuts target price to CHF 155 from CHF 160 |
| * Swiss Re AG SRENH.S: RBC cuts target price to CHF 118 from CHF 125 |
| * Taylor Wimpey TW.L: Citigroup cuts target price to 143p from 145p |
| * Telefonica SA TEF.MC: Barclays cuts target price to EUR 3.80 from EUR 4 |
| * Schiehallion Fund MNTN.L: Barclays initiates coverage with target price 125p |
| * Schiehallion Fund MNTN.L: Barclays initiates coverage with equal-weight rating |
| * Trainline Plc TRNT.L: UBS cuts target price to 235p from 465p |
| * Trainline Plc TRNT.L: UBS cuts to neutral from buy |
| * Tryg TRYG.CO: JP Morgan raises target price to DKK 170 from DKK 165 |
| * UCB SA UCB.BR: Deutsche Bank raises target price to EUR 295 from EUR 285 |
| * UCB SA UCB.BR: JP Morgan raises target price to EUR 300 from EUR 230 |
| * Verbund AG VERB.VI: RBC initiates coverage with PT EUR 57.50 |
| * Verbund AG VERB.VI: RBC initiates coverage with underperform rating |
| * Vistry Group Plc VTYV.L: Citigroup raises target price to 664p from 601p |
| * Vodafone Group Plc VOD.L: Barclays raises target price to 120p from 100p |
| * Whitbread WTB.L: UBS cuts target price to 3,485p from 4,035p |
| * Wizz Air WIZZ.L: Exane BNP Paribas cuts to underperform from neutral |
| * Workspace WKP.L: Barclays cuts target price to 450p from 475p |
| * Zealand pharma ZELA.CO: JP Morgan cuts target price to DKK 1,000 from DKK 1,050 |
| * Zegona Communications Plc ZEG.L: Barclays raises target price to 1,800p from 1,750p |
| * Zurich Insurance Group AG ZURN.S: JP Morgan raises PT to CHF 525 from CHF 500 |
