| * 3I Group III.L: Kepler Cheuvreux cuts target price to 1950p from 3150p |
| * 3I Group Plc III.L: Barclays cuts target price to 4455p from 4810p |
| * AAK AAK.ST: Barclays cuts target price to SEK 230 from SEK 245 |
| * Aak AAK.ST: UBS cuts target price to SEK 300 from SEK 305 |
| * AAK AB AAK.ST: Barclays cuts target price to SEK 230 from SEK 245 |
| * Air France AIRF.PA: UBS cuts target price to EUR 10 from EUR 13.95 |
| * Air Liquide AIRP.PA: Morgan Stanley raises target price to EUR 168 from EUR 154 |
| * Aixtron AIXGN.DE: Kepler Cheuvreux raises target price to EUR 34 from EUR 20 |
| * Antofagasta ANTO.L: Morgan Stanley cuts target price to 2930p from 3050p |
| * Arkema S.A. AKE.PA: Morgan Stanley raises target price to EUR 83 from EUR 78 |
| * Astor Enerji ASTOR.IS: HSBC raises target price to TRY 285 from TRY 280 |
| * Atalaya Mining Copper SA ATYM.L: Peel Hunt cuts target price to 1135p from 1200p |
| * Auto Trader Group Plc AUTOA.L: Deutsche Bank cuts target price to 816p from 850p |
| * Banca Monte Dei Paschi Di Siena SpA BMPS.MI: Goldman Sachs initiates coverage with buy rating |
| * Banco BPM BAMI.MI: Goldman Sachs cuts to neutral from buy |
| * Barratt Redrow Plc BTRW.L: BofA Global Research cuts PT to 280p from 400p |
| * Barry Callebaut BARN.S: Barclays cuts target price to CHF 1275 from CHF 1340 |
| * BASF BASFn.DE: Morgan Stanley raises target price to EUR 58 from EUR 52 |
| * Bawag Group AG BAWG.VI: Morgan Stanley raises target price to EUR 155 from EUR 146 |
| * Beiersdorf AG BEIG.DE: Barclays cuts target price to EUR 86 from EUR 95 |
| * Beiersdorf AG BEIG.DE: Goldman Sachs cuts to neutral from buy |
| * Bellway Plc BWY.L: BofA Global Research cuts price objective to 2,200p from 3,200p |
| * Bellway Plc BWY.L: Peel Hunt cuts target price to 2380p from 3060p |
| * Bellway Plc BWY.L: Peel Hunt raises to buy from add |
| * Berkeley Group BKGH.L: BofA Global Research cuts price objective to 4020p from 4080p |
| * Berkeley Group BKGH.L: BofA Global Research raises to buy from neutral |
| * Bittium Oyj BITTI.HE: Stifel initiates coverage with price target EUR 40 |
| * Bittium Oyj BITTI.HE: Stifel initiates coverage with buy rating |
| * Boliden BOL.ST: Deutsche Bank cuts to hold from buy |
| * Boliden BOL.ST: Kepler Cheuvreux cuts target price to SEK 510 from SEK 640 |
| * Boliden BOL.ST: RBC cuts target price to SEK 510 from SEK 600 |
| * Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 580 from SEK 680 |
| * BPER EMII.MI: Goldman Sachs initiates coverage with neutral rating |
| * Capita Plc CPI.L: Deutsche Bank raises target price to 320p from 300p |
| * Castellum CAST.ST: Barclays cuts target price to SEK 105 from SEK 107 |
| * Cereno Scientific AB CRNOSb.ST: Stifel initiates coverage with buy ratin |
| * Cereno Scientific AB CRNOSb.ST: Stifel initiates coverage with price target SEK 20 |
| * Coloplast COLOb.CO: Deutsche Bank cuts target price to DKK 495 from DKK 504 |
| * Corbion CORB.AS: Barclays cuts target price to EUR 20 from EUR 22 |
| * Danone DANO.PA: Barclays cuts target price to EUR 81 from EUR 83 |
| * Delivery Hero DHER.DE: Barclays cuts target price to EUR 35.1 from EUR 36.9 |
| * Derwent London DLN.L: Barclays raises target price to 1740p from 1640p |
| * Deutsche Börse DB1GN.DE: Kepler Cheuvreux raises target price to EUR 300 from EUR 275 |
| * Deutsche Lufthansa AG LHAG.DE: UBS cuts target price to EUR 9.4 from EUR 9.5 |
| * Diasorin DIAS.MI: Deutsche Bank cuts target price to EUR 65 from EUR 74 |
| * Diploma Plc DPLM.L: JP Morgan raises target price to 5760p from 5120p |
| * DSM-Firmenich DSFIR.AS: Barclays cuts target price to EUR 72 from EUR 78 |
| * EasyJet EZJ.L: UBS cuts target price to 700p from 800p |
| * Eckert & Ziegler SE EUZG.DE: Kepler Cheuvreux cuts target price to EUR 20.3 from EUR 21.7 |
| * Electrolux ELUXb.ST: Goldman Sachs initiates coverage with neutral rating |
| * Elisa ELISA.HE: JP Morgan cuts to underweight from neutral |
| * Evonik Industries AG EVKn.DE: Morgan Stanley raises target price to EUR 18 from EUR 14.7 |
| * Facc FACC.VI: Kepler Cheuvreux cuts to hold from buy |
| * Facc FACC.VI: Kepler Cheuvreux raises target price to EUR 14.7 from EUR 12 |
| * Flughafen Zuerich AG FHZN.S: JP Morgan cuts target price to CHF 239 from CHF 260 |
| * Fraport FRAG.DE: JP Morgan raises target price to EUR 86 from EUR 83 |
| * Frequentis AG FQT.DE: Berenberg raises target price to EUR 89 from EUR 70 |
| * Future Plc FUTR.L: Jefferies cuts target price to 466p from 1220p |
| * Future Plc FUTR.L: Jefferies cuts to hold from buy |
| * Gamma Communications Plc GAMA.L: Deutsche Bank cuts target price to 1400p from 1460p |
| * Geberit AG GEBN.S: Bernstein cuts target price to CHF 465 from CHF 520 |
| * Givaudan GIVN.S: Barclays cuts target price to CHF 3050 from CHF 3550 |
| * Glanbia GL9.I: Barclays cuts target price to EUR 18.75 from EUR 19.25 |
| * GVS GVS.MI: Kepler Cheuvreux cuts target price to EUR 4.7 from EUR 5 |
| * Haleon HLN.L: Barclays cuts target price to 415p from 420p |
| * Hapag-Lloyd HLAG.DE: Kepler Cheuvreux cuts target price to EUR 145 from EUR 149 |
| * Henkel HNKG_p.DE: Barclays cuts target price to EUR 70 from EUR 75 |
| * Holcim AG HOLN.S: Bernstein cuts target price to CHF 87 from CHF 92 |
| * International Airlines Group ICAG.L: UBS cuts target price to 355p from 370p |
| * Intesa Sanpaolo SpA ISP.MI: Goldman Sachs raises to buy from neutral |
| * Kerry Group KYGa.L: Barclays cuts target price to 9200p from 9400p |
| * Kingfisher KGF.L: Deutsche Bank raises target price to 260p from 255p |
| * Knorr Bremse AG KBX.DE: BofA Global Research raises price objective to EUR 120 from EUR 115 |
| * Knorr Bremse AG KBX.DE: BofA Global Research raises to buy from neutral |
| * KSB KSBG.DE: Kepler Cheuvreux cuts target price to EUR 1199 from EUR 1295 |
| * Lanxess LXSG.DE: Morgan Stanley cuts target price to EUR 20 from EUR 26 |
| * Lanxess LXSG.DE: Morgan Stanley maintains overweight rating |
| * Lindt & Spruengli LISN.S: Barclays raises target price to CHF 106000 from CHF 103000 |
| * Magnum ICE Cream Company NV MICCT.L: Morgan Stanley cuts target price to 1,390p from 1,410p |
| * Marks & Spencer MKS.L: UBS cuts target price to 425p from 435p |
| * Millennium BCP BCP.LS: Deutsche Bank raises target price to EUR 1 from EUR 0.92 |
| * Mony Group MONY.L: Jefferies raises target price to 230p from 205p |
| * Mony Group MONY.L: Jefferies raises to buy from hold |
| * Natwest Group Plc NWG.L: Deutsche Bank raises target price to 840p from 730p |
| * Nestle SA NESN.S: Barclays raises target price to CHF 86 from CHF 80 |
| * Novonesis NSISb.CO: Barclays cuts target price to DKK 460 from DKK 470 |
| * Palfinger PALF.VI: Kepler Cheuvreux initiates coverage with buy rating and PT EUR 48 |
| * Pernod Ricard PERP.PA: Deutsche Bank cuts target price to EUR 65 from EUR 74 |
| * Pernod Ricard PERP.PA: Deutsche Bank raises to hold from sell |
| * Persimmon PSN.L: BofA Global Research cuts price objective to 1,300p from 1,600p |
| * Pollen Street Group Ltd POLNP.L: Berenberg raises target price to 1100p from 1050p |
| * Porsche Holding SE PSHG_P.DE: Kepler Cheuvreux cuts PT to EUR 34 from EUR 42 |
| * PVA Tepla AG TPEG.DE: Deutsche Bank raises target price to EUR 45 from EUR 33 |
| * Randstad Holding NV RAND.AS: Barclays cuts target price to EUR 22 from EUR 42 |
| * Reckitt Benckiser Group Plc RKT.L: Barclays cuts target price to 6300p from 7000p |
| * Rs Group Plc RS1R.L: RBC cuts target price to 770p from 810p |
| * RTL Group SA RRTL.DE: Barclays raises target price to EUR 37 from EUR 35 |
| * RWE RWEG.DE: Deutsche Bank raises target price to EUR 63 from EUR 55 |
| * Ryanair RYA.I: UBS cuts target price to EUR 33.15 from EUR 33.5 |
| * Saf-Holland SE SFQ.DE: Baader Europe initiates coverage with buy rating |
| * Saf-Holland SE SFQ.DE: Baader Europe initiates coverage with target price EUR 23.8 |
| * Saint-Gobain SGOB.PA: Bernstein cuts target price to EUR 80 from EUR 90 |
| * Savills SVS.L: UBS cuts target price to 1040p from 1070p |
| * Savills SVS.L: UBS raises to buy from neutral |
| * SEB SA SEBF.PA: Goldman Sachs initiates coverage with buy rating |
| * Siemens AG SIEGn.DE: Barclays cuts target price to EUR 220 from EUR 225 |
| * Siemens Healthineers SHLG.DE: Deutsche Bank cuts target price to EUR 42 from EUR 46 |
| * Sika AG SIKA.S: Berenberg cuts target price to CHF 226 from CHF 240 |
| * Sika AG SIKA.S: Bernstein cuts target price to CHF 175 from CHF 185 |
| * SKF SKFb.ST: BofA Global Research cuts price objective to SEK 220 from SEK 270 |
| * SKF SKFb.ST: BofA Global Research cuts to underperform from buy |
| * SOL SOLS.MI: Kepler Cheuvreux raises target price to EUR 56.5 from EUR 54.5 |
| * SOL SOLS.MI: Kepler Cheuvreux raises to buy from hold |
| * Solvay SOLB.BR: Morgan Stanley cuts target price to EUR 21 from EUR 25 |
| * STMicroelectronics NV STMPA.PA: Jefferies raises target price to EUR 35 from EUR 29 |
| * Stratec SBSG.DE: Deutsche Bank cuts target price to EUR 23 from EUR 26 |
| * Syensqo NV SYENS.BR: Morgan Stanley cuts target price to EUR 50 from EUR 63 |
| * Syensqo NV SYENS.BR: Morgan Stanley cuts to equal weight from overweight |
| * Symrise SY1G.DE: Barclays cuts target price to EUR 81 from EUR 84 |
| * Tate & Lyle TATE.L: Barclays cuts target price to 395p from 410p |
| * Taylor Wimpey TW.L: BofA Global Research cuts price objective to 90p from 110p |
| * Telenor TEL.OL: JP Morgan raises target price to NOK 170 from NOK 165 |
| * Terna TRN.MI: UBS raises target price to EUR 9.5 from EUR 8.85 |
| * Thule THULE.ST: Kepler Cheuvreux cuts target price to SEK 240 from SEK 280 |
| * Tomra Systems ASA TOM.OL: Barclays cuts target price to NOK 150 from NOK 155 |
| * Topps Tiles Plc TPT.L: Peel Hunt cuts target price to 60p from 70p |
| * Travis Perkins TPK.L: Stifel cuts target price to 600p from 700p |
| * Treatt Plc TET.L: Deutsche Bank cuts target price to 215p from 250p |
| * Unilever Plc ULVR.AS: Barclays cuts target price to EUR 63.59 from EUR 68.8 |
| * Unilever Plc ULVR.L: Barclays cuts target price to 5500p from 6000p |
| * Vistry Group Plc VTYV.L: BofA Global Research cuts price objective to 350p from 490p |
| * Wizz Air Holdings WIZZ.L: UBS cuts target price to 14.3p from 16.3p |
