| * ABB ABBN.S: Morgan Stanley raises target price to CHF 45 from CHF 41 |
| * Acciona Energia ANE.MC: Deutsche Bank cuts target price to EUR 19.5 from EUR 20 |
| * Alfa Laval ALFA.ST: Deutsche Bank raises target price to SEK 487 from SEK 462 |
| * Ams AMS.S: UBS raises target price to CHF 14.8 from CHF 13.5 |
| * Arkema S.A. AKE.PA: Morgan Stanley cuts target price to EUR 97 from EUR 99 |
| * Arkema SA AKE.PA: Deutsche Bank cuts target price to EUR 82 from EUR 85 |
| * Ashtead Group Plc AHT.L: Berenberg cuts target price to 6,000p from 7,000p |
| * Assa Abloy ASSAb.ST: Citigroup raises target price to SEK 300 from SEK 280 |
| * Azelis AZE.BR: Deutsche Bank cuts target price to EUR 14 from EUR 14.8 |
| * Babcock International BAB.L: BofA Global Research raises PO to 1245p from 1185p |
| * Babcock International BAB.L: Citigroup raises target price to 1,338p from 730p |
| * Berkeley Group BKGH.L: Stifel cuts target price to 3,850p from 4,090p |
| * Bouygues SA BOUY.PA: Barclays cuts target price to EUR 41 from EUR 42.5 |
| * Bunzl Plc BNZL.L: Morgan Stanley cuts target price to 3050p from 3150p |
| * Chemring Group Plc CHG.L: Deutsche Bank raises target price to 650p from 450p |
| * Croda International CRDA.L: UBS cuts target price to 4600p from 4800p |
| * CTP NV CTPNV.AS: Deutsche Bank raises target price to EUR 20 from EUR 15 |
| * CTP NV CTPNV.AS: Deutsche Bank raises to buy from hold |
| * Cvc Capital Partners Plc CVC.AS: UBS raises target price to EUR 19.6 from EUR 18.5 |
| * Cvc Capital Partners Plc CVC.AS: UBS raises to buy from neutral |
| * Davide Campari CPRI.MI: UBS cuts target price to EUR 6 from EUR 6.3 |
| * Deutsche Wohnen SE DWNG.DE: Deutsche Bank raises target price to EUR 29 from EUR 25 |
| * Diasorin SpA DIAS.MI: Morgan Stanley cuts target price to EUR 99 from EUR 100 |
| * DSM DSFIR.AS: UBS cuts target price to EUR 117 from EUR 123 |
| * Elia Group SA ELI.BR: Deutsche Bank raises target price to EUR 95 from EUR 85 |
| * Enagas ENAG.MC: Deutsche Bank raises target price to EUR 12.80 from EUR 11 |
| * EQT AB Group EQTAB.ST: UBS raises target price to SEK 360 from SEK 230 |
| * EQT AB Group EQTAB.ST: UBS raises to buy from sell |
| * Freenet FNTGn.DE: Barclays cuts target price to EUR 33.5 from EUR 35.5 |
| * Galderma Group AG GALD.S: UBS cuts target price to CHF 120 from CHF 128 |
| * Galderma Group AG GALD.S: UBS cuts to neutral from buy |
| * Gecina SA GFCP.PA: Deutsche Bank raises target price to EUR 109 from EUR 95 |
| * Gecina SA GFCP.PA: Deutsche Bank raises to buy from hold |
| * Givaudan GIVN.S: UBS cuts target price to CHF 4150 from CHF 4210 |
| * Grenergy GREG.MC: Berenberg raises target price to EUR 72 from EUR 47 |
| * H & M Hennes & Mauritz AB HMb.ST: Barclays cuts target price to SEK 134 from SEK 138 |
| * Holcim AG HOLN.S: Jefferies raises to buy from hold; cuts PT to CHF 65 from CHF 97.7 |
| * Huhtamaki HUH1V.HE: Berenberg cuts target price to EUR 28 from EUR 40 |
| * Iberdrola IBE.MC: Deutsche Bank raises target price to EUR 14.50 from EUR 13 |
| * Icade SA ICAD.PA: Deutsche Bank raises target price to EUR 22 from EUR 20 |
| * Infineon Technologies AG IFXGn.DE: JP Morgan raises PT to EUR 40.30 from EUR 38.50 |
| * Intercontinental Hotels Group IHG.L: UBS cuts target price to 8950p from 10945p |
| * Intermediate Capital Group Plc ICGIN.L: UBS cuts target price to 2170p from 2450p |
| * Intermediate Capital Group Plc ICGIN.L: UBS cuts to neutral from buy |
| * Kardex Holding AG KARN.S: Kepler Cheuvreux raises PT to CHF 315 from CHF 215 |
| * Kardex Holding AG KARN.S: Kepler Cheuvreux raises to buy from hold |
| * Kerry Group KYGa.I: UBS cuts target price to EUR 103 from EUR 107 |
| * Kingspan Group Plc KSP.I: Morgan Stanley raises target price to EUR 76 from EUR 75 |
| * Klepierre LOIM.PA: Deutsche Bank raises target price to EUR 32 from EUR 28 |
| * Knorr KBX.DE: UBS cuts target price to EUR 104 from EUR 107 |
| * Koninklijke Philips NV PHG.AS: Kepler Cheuvreux cuts PT to EUR 26 from EUR 30 |
| * Leg Immobilien SE LEGn.DE: Deutsche Bank raises target price to EUR 75 from EUR 74 |
| * Liontrust Asset Management Plc LIO.L: Peel Hunt raises PT to 435p from 365p |
| * Liontrust Asset Management Plc LIO.L: Peel Hunt raises to add from hold |
| * Man Group Plc EMG.L: Peel Hunt cuts to add from buy; cuts PT to 191p from 197p |
| * Mediobanca MDBI.MI: Barclays raises target price to EUR 18.4 from EUR 18 |
| * Moncler MONC.MI: Goldman Sachs cuts to neutral from buy |
| * Mondi MNDI.L: Barclays raises target price to 1,160p from 1150p |
| * Montana Aerospace AG AERO.S: Kepler Cheuvreux raises PT to CHF 32 from CHF 20 |
| * Nexans NEXS.PA: Jefferies raises target price to EUR 128 from EUR 122 |
| * Nordex SE NDXG.DE: Kepler Cheuvreux cuts to hold from buy; raises PT to EUR 18 from EUR 14 |
| * Ontex Group NV ONTEX.BR: ING cuts to hold from buy; cuts PT to EUR 8.2 from EUR 13.83 |
| * Orsted ORSTED.CO: Deutsche Bank cuts target price to DKK 300 from DKK 330 |
| * Oxford Instruments OXIG.L: Peel Hunt cuts target price to 2,400p from 2,700p |
| * Partners Group Holding AG PGHN.S: UBS cuts target price to CHF 1227 from CHF 1378 |
| * Pennon Group Plc PNN.L: Deutsche Bank raises target price to 540p from 500p |
| * Pennon Group Plc PNN.L: Deutsche Bank raises to buy from hold |
| * Porvair Plc PORV.L: Peel Hunt cuts to add from buy; raises PT to 860p from 830p |
| * Prosus PRX.AS: HSBC cuts target price to EUR 57 from EUR 58 |
| * PSP Swiss Property AG PSPN.S: Deutsche Bank raises PT to CHF 143 from CHF 125 |
| * Qiagen NV QIA.DE: Morgan Stanley raises target price to EUR 43 from EUR 42 |
| * Schindler Holding AG SCHP.S: Jefferies raises target price to CHF 333 from CHF 311 |
| * Schneider Electric SCHN.PA: Barclays cuts target price to EUR 231 from EUR 235 |
| * Sensirion SENSI.S: UBS raises target price to CHF 90 from CHF 83 |
| * Severn Trent SVT.L: Deutsche Bank raises target price to 2800p from 2600p |
| * SIG Group AG SIGNC.S: UBS cuts target price to CHF 16 from CHF 19 |
| * Smurfit Westrock SWR.L: Barclays cuts target price to 4,595p from 4810p |
| * Sodexo EXHO.PA: Kepler Cheuvreux cuts target price to EUR 75 from EUR 82 |
| * SSE SSE.L: Deutsche Bank raises target price to 2000p from 1900p |
| * SSE Plc SSE.L: UBS raises target price to 2150p from 1970p |
| * STMicroelectronics STMPA.PA: HSBC raises target price to EUR 31 from EUR 26 |
| * STMicroelectronics NV STMPA.PA: JP Morgan raises target price to EUR 30 from EUR 26 |
| * TAG Immobilien AG TEGG.DE: Deutsche Bank raises target price to EUR 18 from EUR 15 |
| * Tecan Group AG TECN.S: Morgan Stanley cuts target price to CHF 176 from CHF 188 |
| * Telefonica SA TEF.MC: Barclays cuts target price to EUR 4.7 from EUR 4.8 |
| * Terna TRN.MI: Deutsche Bank raises target price to EUR 9.60 from EUR 8.50 |
| * Terna TRN.MI: Deutsche Bank raises to buy from hold |
| * Tomra Systems ASA TOM.OL: Barclays raises target price to NOK 190 from NOK 185 |
| * Tullow Oil Plc TLW.L: Jefferies raises target price to 12p from 10p |
| * United Utilities UU.L: Deutsche Bank raises target price to 1200p from 1150p |
| * Wacker Chemie WCHG.DE: UBS cuts target price to EUR 72 from EUR 73 |
| * Wartsila WRT1V.HE: Deutsche Bank raises target price to EUR 19 from EUR 18 |
| * Wdp WDPP.BR: Deutsche Bank initiates coverage with buy rating and PT EUR 25 |
| * Zalando SE ZALG.DE: Jefferies assumes coverage with buy rating; target price EUR 33 |
| * Zegona Communications Plc ZEG.L: Barclays raises target price to 1,100p from 800p |
