| * AB Foods ABF.L: Deutsche Bank cuts target price to 2220p from 2275p |
| * AB Foods ABF.L: JP Morgan cuts target price to 2215p from 2250p |
| * Adidas ADSGn.DE: Morgan Stanley cuts target price to EUR 245 from EUR 258 |
| * Adidas ADSGn.DE: Telsey Advisory Group cuts target price to EUR 270 from EUR 290 |
| * Aedifica NV AOO.BR: KBC Securities cuts to ‘hold’ from ‘accumulate’; PT EUR 70 |
| * Alfa Laval ALFA.ST: Morgan Stanley cuts target price to SEK 400 from SEK 420 |
| * Allfunds Group Plc ALLFG.AS: UBS cuts target price to EUR 6 from EUR 6.3 |
| * Aperam SA APAM.AS: Degroof Petercam cuts target price to EUR 28 from EUR 29 |
| * Arbonia AG ARBNO.S: Kepler Cheuvreux cuts target price to CHF 7 from CHF 13 |
| * Arbonia AG ARBNO.S: Kepler Cheuvreux cuts to hold from buy |
| * Arcelik ARCLK.IS: HSBC cuts target price to TRY 132 from TRY 150 |
| * ASMI ASMI.AS: Degroof Petercam cuts target price to EUR 520 from EUR 600 |
| * Associated British Foods ABF.L: Barclays cuts target price to 2200p from 2300p |
| * Associated British Foods Plc ABF.L: Morgan Stanley cuts PT to 1850p from 1900p |
| * AstraZeneca AZN.L: Guggenheim raises target price to 11900p from 11800p |
| * AstraZeneca Plc AZN.L: Morgan Stanley cuts target price to 13700p from 14500p |
| * BP BP.L: Barclays cuts target price to 525p from 650p |
| * Bucher Industries AG BUCN.S: UBS cuts target price to CHF 396 from CHF 401 |
| * Bureau Veritas SA MWDP.PA: Morgan Stanley raises target price to EUR 36 from EUR 35 |
| * Buzzi BZU.MI: JP Morgan cuts target price to EUR 50 from EUR 55 |
| * Capgemini CAPP.PA: Bernstein cuts target price to EUR 214 from EUR 219 |
| * Capgemini CAPP.PA: BofA Global Research cuts price objective to EUR 176 from EUR 177 |
| * Capgemini CAPP.PA: JP Morgan cuts target price to EUR 170 from EUR 175 |
| * Carlsberg CARLb.CO: Bernstein cuts target price to DKK 1,270 from DKK 1,280 |
| * Carlsberg CARLb.CO: Morgan Stanley raises target price to DKK 945 from DKK 915 |
| * Carlsberg As-B CARLb.CO: Barclays cuts target price to DKK 671 from DKK 688 |
| * CD Projekt CDR.WA: Barclays raises target price to PLN 125 from PLN 118 |
| * Coca-Cola Europacific Partners Plc CCEPC.L: Bernstein cuts PT to 6,300p from 6,644p |
| * DCC DCC.L: Deutsche Bank cuts target price to 5500p from 6000p |
| * DCC DCC.L: Deutsche Bank cuts to hold from buy |
| * Deliveroo Plc ROO.L: Citigroup raises target price to 180p from 131p |
| * Deliveroo Plc ROO.L: Kepler Cheuvreux initiates coverage with reduce rating |
| * Deliveroo Plc ROO.L: Kepler Cheuvreux initiates coverage with target price 156p |
| * Deutsche Bank DBKGn.DE: Barclays raises target price to EUR 26.8 from EUR 23.9 |
| * Deutsche Bank DBKGn.DE: Morgan Stanley raises target price to EUR 26 from EUR 24 |
| * Deutsche Boerse DB1Gn.DE: UBS cuts target price to EUR 320 from EUR 325 |
| * Deutsche Boerse AG DB1Gn.DE: Barclays raises target price to EUR 290 from EUR 260 |
| * Deutsche Lufthansa AG LHAG.DE: Barclays raises target price to EUR 5.2 from EUR 5 |
| * Deutsche Lufthansa AG LHAG.DE: Bernstein raises target price to EUR 7.5 from EUR 7 |
| * Deutsche Lufthansa AG LHAG.DE: Morgan Stanley cuts PT to EUR 4.85 from EUR 5 |
| * Diasorin SpA DIAS.MI: RBC cuts target price to EUR 105 from EUR 110 |
| * DR ING HC F Porsche AG P911_p.DE: Berenberg cuts target price to EUR 48 from EUR 62 |
| * DR ING HC F Porsche AG P911_p.DE: Bernstein cuts target price to EUR 47 from EUR 57 |
| * DR ING HC F Porsche AG P911_p.DE: HSBC cuts target price to EUR 47 from EUR 48 |
| * DSM-Firmenich AG DSFIR.AS: Degroof Petercam cuts target price to EUR 124 from EUR 128 |
| * Dsm-Firmenich AG DSFIR.AS: Jefferies cuts target price to EUR 127 from EUR 134 |
| * DWS Group DWSG.DE: Barclays cuts target price to EUR 46 from EUR 48 |
| * DWS Group Gmbh & Co KGaA DWSG.DE: Citigroup raises PT to EUR 46.8 from EUR 46.4 |
| * Electrolux ELUXb.ST: Barclays cuts target price to SEK 55 from SEK 62 |
| * Electrolux ELUXb.ST: Citigroup cuts target price to SEK 70 from SEK 85 |
| * Elia Group SA ELI.BR: Bernstein cuts target price to EUR 115 from EUR 121 |
| * Elia Group SA ELI.BR: Bernstein raises to outperform from market perform |
| * Elmos Semiconductor SE ELGG.DE: Berenberg initiates coverage with buy rating |
| * Elmos Semiconductor SE ELGG.DE: Berenberg initiates coverage with price target EUR 87 |
| * Engie ENGIE.PA: HSBC raises target price to EUR 18.2 from EUR 18.1 |
| * Epiroc EPIRa.ST: Deutsche Bank raises target price to SEK 191 from SEK 190 |
| * Epiroc EPIRa.ST: JP Morgan raises target price to SEK 185 from SEK 180 |
| * Essity ESSITYb.ST: HSBC cuts target price to SEK 330 from SEK 340 |
| * Eurofins Scientific SE EUFI.PA: Bernstein ups target price to EUR 70.3 from EUR 63.3 |
| * Eurofins Scientific SE EUFI.PA: Morgan Stanley raises PT to EUR 54.5 from EUR 53 |
| * Eurofins Scientific SE EUFI.PA: Morgan Stanley raises to equal weight from underweight |
| * Everplay Group Plc EVPL.L: Barclays cuts target price to 310p from 320p |
| * Finnair FIA1S.HE: Barclays cuts target price to EUR 2.1 from EUR 2.5 |
| * Fortum Oyj FORTUM.HE: Deutsche Bank raises target price to EUR 12 from EUR 11.5 |
| * Fortum Oyj FORTUM.HE: Morgan Stanley cuts target price to EUR 15.5 from EUR 15.6 |
| * Fugro NV FUGR.AS: Exane BNP Paribas cuts target price to EUR 12 from EUR 22.2 |
| * Fugro NV FUGR.AS: Exane BNP Paribas cuts to neutral from outperform |
| * Future Plc FUTR.L: Barclays cuts target price to 945p from 1205p |
| * Galliford TRY GFRD.L: Berenberg initiates coverage with buy rating; price target 470p |
| * GB Group Plc GBGP.L: Jefferies cuts target price to 350p from 425p |
| * Getlink GETP.PA: Morgan Stanley raises target price to EUR 20.4 from EUR 19.7 |
| * Globaldata Plc DATA.L: Deutsche Bank raises to buy from hold |
| * Hellofresh SE HFGG.DE: JP Morgan raises target price to EUR 10 from EUR 9 |
| * Hexpol HPOLb.ST: Berenberg cuts target price to SEK 99 from SEK 110 |
| * HSBC Plc HSBA.L: UBS raises target price to 870p from 820p |
| * Hydro NHY.OL: JP Morgan cuts target price to NOK 75 from NOK 79 |
| * Informa Plc INF.L: Barclays cuts target price to 840p from 930p |
| * Intertek Group Plc ITRK.L: Morgan Stanley cuts target price to 5600p from 5850p |
| * Inwit INWT.MI: Barclays cuts target price to EUR 10.5 from EUR 13 |
| * Inwit INWT.MI: Barclays cuts to equal-weight from overweight |
| * ITV Plc ITV.L: Barclays cuts target price to 75p from 80p |
| * JC Decaux SA JCDX.PA: Barclays cuts target price to EUR 24 from EUR 26 |
| * Jet2 Plc JET2.L: Deutsche Bank cuts target price to 2180p from 2385p |
| * Jet2 Plc JET2.L: JP Morgan raises target price to 2200p from 1900p |
| * Knorr-Bremse KBX.DE: Barclays cuts target price to EUR 60 from EUR 62 |
| * Koninklijke Philips NV PHG.AS: ING cuts target price to EUR 24 from EUR 25 |
| * Lapwall Oyj LAPWALL.HE: Evli Research cuts target price to EUR 4 from EUR 4.3 |
| * M6-Metropole Television SA MMTP.PA: Barclays cuts PT to EUR 11.75 from EUR 12.5 |
| * Melexis NV MLXS.BR: Degroof Petercam cuts target price to EUR 60 from EUR 65 |
| * Munters MTRS.ST: Jefferies raises target price to SEK 160 from SEK 155 |
| * Neste NESTE.HE: UBS raises target price to EUR 8.5 from EUR 7.5 |
| * Nexans NEXS.PA: JP Morgan cuts target price to EUR 118 from EUR 122 |
| * Nordic Semiconductor NOD.OL: Deutsche Bank cuts target price to NOK 105 from NOK 115 |
| * Nordic Semiconductor ASA NOD.OL: Barclays cuts target price to NOK 100 from NOK 130 |
| * Ontex Group NV ONTEX.BR: Degroof Petercam cuts target price to EUR 12 from EUR 12.75 |
| * Pearson Plc PSON.L: Barclays raises target price to 1250p from 1245p |
| * Prosiebensat 1 Media SE PSMGn.DE: Barclays cuts target price to EUR 7 from EUR 7.5 |
| * Prosiebensat 1 Media SE PSMGN.DE: Barclays cuts to equal-weight from overweight |
| * Prudential PRU.L: HSBC cuts target price to 1175p from 1200p |
| * Reach Plc RCH.L: Barclays cuts target price to 79p from 90p |
| * Redeia REDE.MC: Bernstein raises target price to EUR 22.5 from EUR 20.7 |
| * Relx Plc REL.L: Barclays raises target price to 4450p from 4275p |
| * Roche Holding AG ROG.S: JP Morgan cuts target price to CHF 220 from CHF 230 |
| * RWE RWEG.DE: Deutsche Bank raises target price to EUR 39 from EUR 38 |
| * Sanofi SASY.PA: Bernstein raises target price to EUR 124 from EUR 114 |
| * Schneider Electric SCHN.PA: UBS cuts target price to EUR 275 from EUR 290 |
| * SEB AB SEBa.ST: Jefferies raises target price to SEK 140 from SEK 135 |
| * SEB AB SEBa.ST: Jefferies raises to hold from underperform |
| * SES SA SESFd.PA: Barclays raises target price to EUR 4.5 from EUR 3.05 |
| * SGS SA SGSN.S: Morgan Stanley raises to overweight from equal weight |
| * Siegfried Holding AG SFZN.S: RBC cuts target price to CHF 108 from CHF 112.5 |
| * Skandinaviska Enskilda Banken SEBa.ST: Barclays raises PT to SEK 129 from SEK 128 |
| * Springer Nature SPGG.DE: Barclays cuts target price to EUR 24.5 from EUR 29 |
| * SSAB SSABa.ST: Barclays raises target price to SEK 63 from SEK 55 |
| * Stillfront Group SFRG.ST: Barclays cuts target price to SEK 6.8 from SEK 7.3 |
| * Ströer SE & Co KGaA SAXG.DE: Barclays cuts target price to EUR 53 from EUR 55 |
| * Swedish Orphan Biovitrum SOBIV.ST: Berenberg raises PT to SEK 370 from SEK 360 |
| * Swisscom SCMN.S: Deutsche Bank cuts target price to CHF 540 from CHF 570 |
| * Symrise SY1G.DE: UBS cuts target price to EUR 117 from EUR 121 |
| * Television Francaise 1 SA TFFP.PA: Barclays cuts target price to EUR 8.75 from EUR 9 |
| * Terna TRN.MI: Bernstein raises target price to EUR 10 from EUR 9.6 |
| * THG PLC THG.L: HSBC cuts target price to 27p from 55p |
| * THG PLC THG.L: HSBC cuts to hold from buy |
| * THG PLC THG.L: JP Morgan cuts target price to 30p from 45p |
| * Thule THULE.ST: Kepler Cheuvreux cuts target price to SEK 275 from SEK 335 |
| * Thule THULE.ST: Kepler Cheuvreux raises to buy from hold |
| * Tracsis Plc TRCS.L: Panmure Liberum cuts target price to 560p from 580p |
| * Ubisoft Entertainment SA UBIP.PA: Barclays cuts PT to EUR 9.25 from EUR 11.5 |
| * Ubisoft Entertainment SA UBIP.PA: Barclays cuts target price to EUR 9.25 from EUR 11.5 |
| * Valeo VLOF.PA: Berenberg cuts target price to EUR 11 from EUR 13 |
| * Valeo VLOF.PA: Deutsche Bank cuts target price to EUR 11 from EUR 13 |
| * Viscofan VIS.MC: Berenberg cuts target price to EUR 73 from EUR 75 |
| * Vivendi SA VIV.PA: Barclays cuts target price to EUR 3.5 from EUR 3.55 |
| * Volvo VOLVb.ST: Bernstein cuts target price to SEK 19 from SEK 24 |
| * Volvo Car VOLCARb.ST: Deutsche Bank cuts target price to SEK 14 from SEK 22 |
| * Volvo Car VOLCARb.ST: JP Morgan cuts target price to SEK 20 from SEK 29 |
| * Watches of Switzerland WOSG.L: Stifel cuts target price to 470p from 500p |
| * Wolters Kluwer NV WLSNc.AS: Barclays cuts target price to EUR 170 from EUR 175 |
| * X-Fab XFAB.PA: Deutsche Bank raises target price to EUR 5.5 from EUR 5 |
| * Zalando SE ZALG.DE: Morgan Stanley cuts to underweight from equal-weight |
