| * AB Foods ABF.L: Deutsche Bank cuts target price to 1925p from 2100p |
| * AB Foods ABF.L: Jefferies cuts target price to 1,650p from 1,800p |
| * AB Foods ABF.L: JP Morgan cuts target price to 1,940p from 2,095p |
| * ADP ADP.PA: Barclays cuts target price to EUR 125 from EUR 130 |
| * ADP ADP.PA: Bernstein raises to market-perform from underperform |
| * Adyen NV ADYEN.AS: Morgan Stanley raises target price to EUR 1925 from EUR 1885 |
| * Aena AENA.MC: Bernstein raises target price to EUR 28.30 from EUR 27 |
| * Airbus AIR.PA: UBS raises target price to EUR 240 from EUR 230 |
| * Aj Bell AJBA.L: Goldman Sachs initiates coverage with neutral rating |
| * Allianz ALVG.DE: Morgan Stanley raises target price to EUR 370 from EUR 340 |
| * Almirall ALM.MC: Jefferies cuts target price to EUR 16 from EUR 17.5 |
| * Amundi SA AMUN.PA: Jefferies raises target price to EUR 80 from EUR 70 |
| * Anglo American AAL.L: Citigroup raises target price to 3300p from 3000p |
| * Anheuser ABI.BR: UBS raises target price to EUR 71 from EUR 68 |
| * Anheuser Busch Inbev SA ABI.BR: Citigroup raises target price to EUR 70 from EUR 68 |
| * Antofagasta ANTO.L: Citigroup raises target price to 3900p from 3300p |
| * Antofagasta ANTO.L: Goldman Sachs raises target price to 4000p from 2480p |
| * Antofagasta ANTO.L: Goldman Sachs raises to buy from neutral |
| * Applied Nutrition Plc APNA.L: Berenberg raises target price to 280p from 250p |
| * Ascencio SA ASCE.BR: ING raises target price to EUR 54 from EUR 48 |
| * ASM International NV ASMI.AS: HSBC raises target price to EUR 726 from EUR 671 |
| * ASML Holding ASML.AS: HSBC raises target price to EUR 1214 from EUR 1018 |
| * Assicurazioni Generali GASI.MI: Morgan Stanley raises PT to EUR 38.5 from EUR 37.5 |
| * Associated British Foods ABF.L: Barclays cuts target price to 2100p from 2550p |
| * Associated British Foods ABF.L: UBS cuts target price to 2240p from 2540p |
| * Auto Trader Group Plc AUTOA.L: Morgan Stanley cuts target price to 650p from 710p |
| * Auto Trader Group Plc AUTOA.L: Morgan Stanley raises to equal weight from underweight |
| * Avanza Bank AVANZ.ST: Goldman Sachs initiates coverage with neutral rating |
| * Aviva AV.L: Morgan Stanley cuts target price to 670p from 690p |
| * Aviva AV.L: Morgan Stanley cuts to equal weight from overweight |
| * BAE Systems BAES.L: UBS raises target price to 2600p from 2500p |
| * Balfour Beatty BALF.L: Berenberg raises target price to 800p from 760p |
| * Banco Santander SA SAN.MC: Barclays raises target price to EUR 11.3 from EUR 10.1 |
| * Barratt Redrow Plc BTRW.L: Berenberg cuts target price to 414p from 440p |
| * BBVA BBVA.MC: BofA Global Research raises price objective to EUR 24.30 from EUR 21 |
| * Beazley Plc BEZG.L: Morgan Stanley cuts target price to 930p from 960p |
| * Bellway Plc BWY.L: Berenberg cuts target price to 2,800p from 2,900p |
| * Berkeley Group BKGH.L: Berenberg cuts target price to 4,500p from 5,000p |
| * Besi BESI.AS: Kepler Cheuvreux cuts target price to EUR 154 from EUR 160 |
| * Besi BESI.AS: Kepler Cheuvreux cuts to hold from buy |
| * BHP Group BHPB.L: Citigroup raises target price to 2400p from 2300p |
| * Billerud AB (Publ) BILL.ST: Jefferies raises target price to SEK 120 from SEK 119 |
| * BMW BMWG.DE: Jefferies raises target price to EUR 100 from EUR 88 |
| * BMW AG BMWG.DE: Barclays cuts to underweight from equal-weight |
| * BNP Paribas BNPP.PA: JP Morgan raises target price to EUR 102 from EUR 89 |
| * BNP Paribas BNPP.PA: JP Morgan raises to overweight from neutral |
| * Boliden BOL.ST: Citigroup raises target price to SEK 550 from SEK 440 |
| * Buzzi BZU.MI: Berenberg raises target price to EUR 50 from EUR 44 |
| * Cellnex CLNX.MC: Goldman Sachs cuts to neutral from buy |
| * Centrica CNA.L: Barclays raises target price to 218p from 210p |
| * Coca-Cola Europacific Partners Plc CCEPC.AS: Citigroup cuts PT to EUR 87 from EUR 90 |
| * Coca-Cola Hellenic CCH.L: Deutsche Bank raises target price to 4700p from 4470p |
| * Costain COSG.L: Berenberg raises target price to 190p from 175p |
| * Crest Nicholson Holdings Plc CRST.L: Berenberg cuts target price to 150p from 180p |
| * Danske Bank DANSKE.CO: Jefferies raises target price to DKK 310 from DKK 292 |
| * Danske Bank DANSKE.CO: Morgan Stanley raises target price to DKK 358 from DKK 352 |
| * Dassault Aviation SA AM.PA: UBS raises target price to EUR 330 from EUR 310 |
| * DNB DNB.OL: Jefferies raises target price to NOK 295 from NOK 284 |
| * DNB DNB.OL: Morgan Stanley cuts target price to NOK 281 from NOK 283 |
| * DR ING HC F Porsche AG P911_p.DE: Jefferies raises target price to EUR 45 from EUR 40 |
| * Drax DRX.L: Barclays raises target price to 1100p from 1000p |
| * Empire Metals Ltd EEEE.L: Canaccord Genuity initiates coverage with PT 62p |
| * Empire Metals Ltd EEEE.L: Canaccord Genuity initiates coverage with speculative buy rating |
| * Epiroc EPIRa.ST: BofA Global Research raises price objective to SEK 185 from SEK 175 |
| * Epiroc EPIRa.ST: Deutsche Bank raises target price to SEK 219 from SEK 199 |
| * EQT AB EQTAB.ST: Barclays raises target price to SEK 360 from SEK 330 |
| * Essilorluxottica ESLX.PA: Barclays cuts target price to EUR 360 from EUR 365 |
| * Essilorluxottica ESLX.PA: UBS cuts target price to EUR 347 from EUR 352 |
| * Ferrari N.V RACE.MI: Deutsche Bank cuts target price to EUR 450 from EUR 460 |
| * Finecobank FBK.MI: Goldman Sachs initiates coverage with buy rating |
| * Flatexdegiro SE FTKn.DE: Goldman Sachs raises target price to EUR 43 from EUR 38 |
| * Flsmidth FLS.CO: BofA Global Research raises price objective to DKK 485 from DKK 455 |
| * Flughafen Zuerich AG FHZN.S: Bernstein raises target price to CHF 258 from CHF 245 |
| * Galderma Group AG GALD.S: UBS raises target price to CHF 200 from CHF 190 |
| * Galliford TRY GFRD.L: Berenberg raises target price to 620p from 530p |
| * Galp Energia GALP.LS: HSBC cuts target price to EUR 18.3 from EUR 18.5 |
| * Glencore GLEN.L: Citigroup raises target price to 500p from 440p |
| * Greggs GRG.L: Berenberg cuts target price to 2,170p from 2,640p |
| * Greggs Plc GRG.L: Barclays cuts target price to 2040p from 2145p |
| * Gurit GURN.S: UBS cuts target price to CHF 13 from CHF 14 |
| * H Lundbeck A/S HLUNa.CO: Jefferies cuts target price to DKK 35 from DKK 39 |
| * Handelsbanken SHBa.ST: Jefferies raises target price to SEK 115 from SEK 112 |
| * Hannover Re HNRGn.DE: Morgan Stanley cuts target price to EUR 270 from EUR 300 |
| * Hannover Re HNRGn.DE: Morgan Stanley cuts to equal weight from overweight |
| * Havas N.V. HAVAS.AS: Morgan Stanley raises target price to EUR 17.7 from EUR 14.5 |
| * Heidelberg Materials HEIG.DE: Berenberg raises target price to EUR 260 from EUR 220 |
| * Hemnet HEM.ST: Morgan Stanley cuts target price to SEK 205 from SEK 310 |
| * Hikma HIK.L: Deutsche Bank cuts target price to 2400p from 2500p |
| * Hill & Smith HILS.L: Berenberg raises target price to 2,750p from 2,650p |
| * Holcim AG HOLN.S: Berenberg raises target price to CHF 70 from CHF 60 |
| * Howden Joinery HWDN.L: Berenberg raises target price to 1,000p from 975p |
| * Hugo Boss AG BOSSn.DE: Citigroup cuts target price to EUR 36.6 from EUR 38.7 |
| * Hydro NHY.OL: Citigroup raises target price to NOK 85 from NOK 75 |
| * Infineon Technologies AG IFXGn.DE: Citigroup raises PT to EUR 50 from EUR 44 |
| * Inwido INWI.ST: Berenberg raises target price to SEK 220 from SEK 215 |
| * Ipsen SA IPN.PA: Jefferies cuts target price to EUR 117 from EUR 123 |
| * Keller Group Plc KLR.L: Berenberg raises target price to 2,100p from 1,900p |
| * Kier Group Plc KIE.L: Berenberg raises target price to 260p from 240p |
| * Kingspan Group Plc KSP.I: Berenberg cuts target price to EUR 90 from EUR 94 |
| * Knorr Bremse AG KBX.DE: Citigroup raises target price to EUR 103 from EUR 94 |
| * Knorr-Bremse KBX.DE: Deutsche Bank raises target price to EUR 108 from EUR 100 |
| * Leonardo S.P.A. LDOF.MI: UBS raises target price to EUR 60 from EUR 52.5 |
| * L'Oréal OREP.PA: UBS raises target price to EUR 430 from EUR 367 |
| * L'Oréal OREP.PA: UBS raises to buy from neutral |
| * M&G Plc MNG.L: Morgan Stanley cuts to equal weight from overweight |
| * M&G Plc MNG.L: Morgan Stanley raises target price to 285p from 254p |
| * Marks and Spencer Group MKS.L: Berenberg raises target price to 415p from 412p |
| * Marks and Spencer Group MKS.L: Berenberg raises to buy from hold |
| * Melrose Industries Plc MRON.L: UBS raises target price to 430p from 410p |
| * Mercedes-Benz Group AG MBGn.DE: Barclays raises target price to EUR 55 from EUR 52.5 |
| * Mercedes-Benz Group AG MBGn.DE: Jefferies raises target price to EUR 65 from EUR 62 |
| * Metso METSO.HE: BofA Global Research cuts to neutral from buy |
| * Mj Gleeson Plc GLEG.L: Berenberg cuts target price to 490p from 500p |
| * Morgan Sindall MGNS.L: Berenberg raises target price to 5,400p from 5,250p |
| * MTU Aero Engines AG MTXGn.DE: UBS raises target price to EUR 400 from EUR 390 |
| * Munich Re Group MUVGn.DE: Morgan Stanley cuts target price to EUR 520 from EUR 530 |
| * National Grid NG.L: Barclays raises target price to 1400p from 1210p |
| * Neste Oyj NESTE.HE: BofA Global Research cuts to neutral from buy |
| * Nexi SpA NEXII.MI: Morgan Stanley cuts target price to EUR 3.85 from EUR 4.75 |
| * NN Group NV NN.AS: Morgan Stanley raises target price to EUR 64 from EUR 60 |
| * Norcros Plc NXR.L: Berenberg raises target price to 440p from 410p |
| * Nordea NDAFI.HE: Jefferies raises target price to EUR 17.8 from EUR 16.7 |
| * Nordnet SAVE.ST: Goldman Sachs initiates coverage with buy rating |
| * Oxford Biomedica Plc OXB.L: Deutsche Bank raises PT to 800p from 735p |
| * Partners Group Holding AG PGHN.S: Barclays cuts PT to CHF 1310 from CHF 1330 |
| * Porsche AG P911_p.DE: Barclays cuts target price to EUR 40 from EUR 42.5 |
| * Porsche AG P911_P.DE: Barclays cuts to underweight from equal-weight |
| * Poste Italiane PST.MI: BofA Global Research raises PT to EUR 20.50 from EUR 18.50 |
| * Prudential PRU.L: JP Morgan raises target price to 1,500p from 1,325p |
| * Prudential Plc PRU.L: Morgan Stanley raises target price to 1270p from 1150p |
| * Publicis Groupe SA PUBP.PA: Morgan Stanley raises PT to EUR 115 from EUR 114 |
| * Redcare Pharmacy RDC.DE: Deutsche Bank cuts target price to EUR 200 from EUR 214 |
| * Remy Cointreau RCOP.PA: Deutsche Bank raises target price to EUR 33 from EUR 32 |
| * Renault SA RENA.PA: Barclays cuts target price to EUR 42.5 from EUR 50 |
| * Repsol REP.MC: BofA Global Research cuts price objective to EUR 15 from EUR 16 |
| * Repsol REP.MC: BofA Global Research cuts to underperform from neutral |
| * Rexel RXL.PA: UBS raises target price to EUR 35 from EUR 26 |
| * Rightmove Plc RMV.L: Morgan Stanley cuts target price to 510p from 815p |
| * Rightmove Plc RMV.L: Morgan Stanley cuts to underweight from equal weight |
| * Rio Tinto RIO.L: Citigroup raises target price to 6500p from 5700p |
| * Roche Holding AG ROG.S: Bernstein raises target price to CHF 400 from CHF 327 |
| * Rockwool ROCKb.CO: Berenberg cuts target price to DKK 240 from DKK 250 |
| * Rolls RR.L: UBS raises target price to 1625p from 1350p |
| * Royal Unibrew RBREW.CO: Deutsche Bank raises target price to DKK 665 from DKK 640 |
| * RWE RWEG.DE: UBS raises target price to EUR 55 from EUR 45 |
| * Saab AB SAABb.ST: UBS raises target price to SEK 710 from SEK 660 |
| * Safran SA SAF.PA: UBS raises target price to EUR 330 from EUR 315 |
| * Sandvik SAND.ST: Deutsche Bank raises target price to SEK 315 from SEK 308 |
| * Sandvik AB SAND.ST: BofA Global Research cuts to neutral from buy |
| * Sandvik AB SAND.ST: BofA Global Research raises price objective to SEK 320 from SEK 310 |
| * Santander SAN.MC: BofA Global Research raises price objective to EUR 11 from EUR 9.2 |
| * Sartorius Stedim Biotech SA STDM.PA: RBC cuts to sector perform from outperform |
| * Schneider Electric SCHN.PA: HSBC raises target price to EUR 275 from EUR 255 |
| * Schroders SDR.L: Jefferies raises target price to 420p from 390p |
| * Schroders SDR.L: JP Morgan raises target price to 438p from 430p |
| * Scout24 SE G24n.DE: Morgan Stanley raises to overweight from equal weight |
| * SEB AB SEBa.ST: Jefferies raises target price to SEK 195 from SEK 181 |
| * Shell SHEL.L: BofA Global Research cuts price objective to 3000p from 3100p |
| * Shell SHEL.L: UBS cuts target price to 2850p from 2900p |
| * Skandinaviska Enskilda Banken SEBa.ST: Morgan Stanley cuts PT to SEK 192 from SEK 195 |
| * SMG Swiss Marketplace Group Holding SMGC.S: Morgan Stanley cuts PT to CHF 49 from CHF 53 |
| * SMG Swiss Marketplace Group Holding SMGC.S: Morgan Stanley ups to overweight from equal weight |
| * Societe Generale SA SOGN.PA: Kepler Cheuvreux cuts to reduce from buy |
| * Societe Generale SA SOGN.PA: Kepler Cheuvreux raises PT to EUR 63.6 from EUR 61.9 |
| * Sodexo SA EXHO.PA: Morgan Stanley cuts PT to EUR 45 from EUR 46 |
| * SSE SSE.L: Barclays raises target price to 2800p from 2600p |
| * Stellantis N.V. STLAM.MI: Barclays cuts target price to EUR 10 from EUR 12.5 |
| * Stellantis NV STLAM.PA: Jefferies raises target price to EUR 13 from EUR 11 |
| * STMicroelectronics NV STMPA.PA: Citigroup raises PT to EUR 30 from EUR 26 |
| * Svenska Handelsbanken AB SHBa.ST: Morgan Stanley raises PT to SEK 142 from SEK 137 |
| * Swedbank SWEDa.ST: Jefferies raises target price to SEK 305 from SEK 286 |
| * Swiss Re AG SRENH.S: Morgan Stanley cuts target price to CHF 120 from CHF 130 |
| * Swissquote Group Holding SA SQN.S: Goldman Sachs initiates coverage with neutral rating |
| * Syensqo SYENS.BR: UBS raises target price to EUR 81 from EUR 79 |
| * Taylor Wimpey TW.L: Berenberg cuts target price to 128p from 135p |
| * Tesco TSCO.L: Deutsche Bank cuts target price to 490p from 500p |
| * Thales TCFP.PA: UBS raises target price to EUR 380 from EUR 360 |
| * Theon International THEON.AS: UBS cuts target price to EUR 40 from EUR 43 |
| * Trainline Plc TRNT.L: Morgan Stanley cuts target price to 310p from 365p |
| * Traton 8TRA.DE: Deutsche Bank cuts target price to EUR 32 from EUR 35 |
| * Travis Perkins TPK.L: Berenberg cuts target price to 620p from 650p |
| * Ubisoft Entertainment SA UBIP.PA: Morgan Stanley cuts PT to EUR 8 from EUR 14 |
| * Unicredit CRDI.MI: BofA Global Research raises price objective to EUR 85 from EUR 80 |
| * Universal Music Group VIV.PA: Morgan Stanley raises PT to EUR 31 from EUR 30 |
| * Vend Marketplaces ASA VEND.OL: Morgan Stanley cuts PT to NOK 350 from NOK 410 |
| * Vodafone VOD.L: Morgan Stanley raises target price to 100p from 95p |
| * Volkswagen AG VOWG_p.DE: Jefferies raises target price to EUR 140 from EUR 125 |
| * Volution Group Plc FAN.L: Berenberg raises target price to 870p from 730p |
| * WAG Payment Solutions Plc EWGW.L: Morgan Stanley cuts to equal weight from overweight |
| * WAG Payment Solutions Plc EWGW.L: Morgan Stanley raises PT to 124p from 114p |
| * WPP Plc WPP.L: Morgan Stanley cuts target price to 365p from 410p |
| * Zealand pharma ZELA.CO: Jefferies cuts target price to DKK 630 from DKK 1,050 |
