| * Aak AAK.ST: Barclays cuts target price to SEK 245 from SEK 265 |
| * Ageas N.V. AGES.BR: Barclays raises target price to EUR 60 from EUR 58 |
| * Air Liquide SA AIRP.PA: HSBC raises target price to EUR 190 from EUR 188 |
| * Aj Bell Plc AJBA.L: Barclays cuts target price to 450p from 470p |
| * Akzonobel AKZO.AS: Deutsche Bank cuts target price to EUR 70 from EUR 74 |
| * Alcon ALCC.S: HSBC cuts target price to CHF 69 from CHF 88 |
| * Alfa Laval AB ALFA.ST: Barclays cuts target price to SEK 450 from SEK 510 |
| * Alten SA LTEN.PA: Kepler Cheuvreux cuts target price to EUR 105 from EUR 120 |
| * Amplifon AMPF.MI: HSBC cuts target price to EUR 30 from EUR 34 |
| * Asos Plc ASOS.L: Barclays cuts target price to 290p from 330p |
| * Athens International Airport SA AIAr.AT: Barclays cuts PT to EUR 9.6 from EUR 10.1 |
| * Atlas Copco AB ATCOa.ST: Barclays cuts target price to SEK 144 from SEK 154 |
| * Autostore AUTO.OL: Barclays cuts target price to NOK 5 from NOK 14 |
| * Autostore AUTO.OL: Kepler Cheuvreux cuts PT to NOK 5 from NOK 11 |
| * Autostore Holdings Ltd AUTO.OL: Morgan Stanley cuts PT to NOK 5 from NOK 9.4 |
| * Baloise BALN.S: HSBC raises target price to CHF 186 from CHF 181 |
| * Bankinter BKT.MC: Morgan Stanley raises target price to EUR 11 from EUR 10.4 |
| * Bankinter SA BKT.MC: Barclays raises target price to EUR 9.6 from EUR 8.1 |
| * Be Semiconductor BESI.AS: Deutsche Bank raises target price to EUR 125 from EUR 95 |
| * Be Semiconductor BESI.AS: Deutsche Bank raises to buy from hold |
| * Beazley BEZG.L: Morgan Stanley raises target price to 1,020p from 970p |
| * Belimo Holding AG BEAN.S: Morgan Stanley raises PT to CHF 615 from CHF 590 |
| * Biomerieux SA BIOX.PA: UBS cuts target price to EUR 132 from EUR 138 |
| * BNP Paribas BNPP.PA: Kepler Cheuvreux cuts target price to EUR 70 from EUR 74.9 |
| * Bodycote BOY.L: Barclays cuts target price to 560p from 670p |
| * Boliden BOL.ST: BMO cuts target price to SEK 300 from SEK 310 |
| * Boliden BOL.ST: Morgan Stanley raises target price to SEK 295 from SEK 285 |
| * Campari CPRI.MI: Kepler Cheuvreux cuts target price to EUR 7.2 from EUR 9 |
| * Carclo Plc C1Y.L: Panmure Liberum raises target price to 63p from 47p |
| * Coloplast COLOb.CO: Bernstein cuts target price to DKK 950 from DKK 980 |
| * Coloplast COLOB.CO: HSBC cuts target price to DKK 860 from DKK 920 |
| * CRH Plc CRH.L: Morgan Stanley initiates coverage with overweight rating; PT 80p |
| * Dassault Systèmes DAST.PA: Barclays cuts target price to EUR 33 from EUR 34 |
| * Dassault Systemes DAST.PA: Berenberg cuts target price to EUR 36 from EUR 44.40 |
| * Dassault Systemes DAST.PA: JP Morgan cuts target price to EUR 35 from EUR 38 |
| * Dassault Systemes DAST.PA: Kepler Cheuvreux cuts PT to EUR 45 from EUR 47 |
| * Dassault Systemes DAST.PA: Morgan Stanley cuts PT to EUR 42.5 from EUR 43.5 |
| * Delivery Hero DHER.DE: HSBC raises target price to EUR 42 from EUR 40 |
| * Delivery Hero SE DHER.DE: JP Morgan cuts target price to EUR 35 from EUR 38 |
| * Demant DEMANT.CO: HSBC cuts target price to DKK 330 from DKK 360 |
| * Diageo DGE.L: Kepler Cheuvreux cuts target price to 2700p from 3150p |
| * Diasorin DIAS.MI: HSBC cuts target price to EUR 100 from EUR 110 |
| * DR ING HC F Porsche AG P911_p.DE: Morgan Stanley cuts PT to EUR 38 from EUR 65 |
| * Electrolux ELUXb.ST: Barclays cuts target price to SEK 62 from SEK 66 |
| * Emmi AG EMMN.S: Berenberg initiates coverage with buy rating; PT CHF 930 |
| * ENI ENI.MI: Citigroup cuts target price to EUR 13 from EUR 14 |
| * ENI ENI.MI: UBS raises target price to EUR 13 from EUR 12.5 |
| * Epiroc AB EPIRa.ST: Barclays cuts target price to SEK 225 from SEK 235 |
| * Ericsson ERICb.ST: Barclays cuts target price to SEK 60 from SEK 70 |
| * Essilorluxottica SA ESLX.PA: Jefferies cuts target price to EUR 300 from EUR 310 |
| * Eurofins Scientific EUFI.PA: HSBC cuts target price to EUR 48 from EUR 70 |
| * Fastpartner AB FPARa.ST: Kepler Cheuvreux cuts target price to SEK 70 from SEK 82 |
| * Flsmidth & Co. A/S FLS.CO: Barclays cuts target price to DKK 301 from DKK 313 |
| * Fluidra FLUI.MC: Barclays cuts target price to EUR 25 from EUR 26 |
| * Fresenius Medical Care FMEG.DE: HSBC cuts target price to EUR 52 from EUR 54 |
| * Galderma Group AG GALD.S: Citigroup cuts target price to CHF 105 from CHF 115 |
| * GB Group Plc GBGP.L: Barclays cuts target price to 325p from 400p |
| * GB Group Plc GBGP.L: Deutsche Bank cuts target price to 490p from 550p |
| * GEA Group G1AG.DE: Barclays cuts target price to EUR 50 from EUR 54 |
| * GN Store Nord GN.CO: HSBC cuts target price to DKK 90 from DKK 155 |
| * Greencoat UK Wind Plc UKWG.L: RBC cuts target price to 160p from 165p |
| * Guerbet SA GRBT.PA: Kepler Cheuvreux cuts target price to EUR 20 from EUR 44 |
| * Guerbet SA GRBT.PA: Kepler Cheuvreux cuts to hold from buy |
| * Huhtamaki HUH1V.HE: Deutsche Bank cuts target price to EUR 40 from EUR 42 |
| * IMI IMI.L: Barclays cuts target price to 2150p from 2320p |
| * Inchcape INCH.L: Deutsche Bank cuts target price to 800p from 1000p |
| * Inchcape INCH.L: Deutsche Bank cuts to hold from buy |
| * International Airlines Group ICAG.L: Deutsche Bank cuts PT to 370p from 400p |
| * Interroll Group INRN.S: UBS cuts target price to CHF 1798 from CHF 2040 |
| * Interroll Group INRN.S: UBS raises to neutral from sell |
| * Interroll Holding AG INRN.S: UBS raises to neutral from sell |
| * Interroll Holding AG INRN.S: UBS cuts target price to CHF 1798 from CHF 2040 |
| * JCDecaux JCDX.PA: JP Morgan raises target price to EUR 17 from EUR 16 |
| * Jet2 Plc JET2.L: Morgan Stanley raises target price to 2,055p from 2,040p |
| * JM AB JM.ST: Kepler Cheuvreux cuts target price to SEK 165 from SEK 180 |
| * Jungheinrich JUNG_p.DE: Barclays cuts target price to EUR 41 from EUR 45 |
| * Jupiter JUP.L: Deutsche Bank cuts target price to 60p from 75p |
| * Jupiter Fund Management Plc JUP.L: Barclays cuts target price to 55p from 65p |
| * Kering PRTP.PA: Berenberg cuts target price to EUR 165 from EUR 215 |
| * Kinnevik AB KINVb.ST: Deutsche Bank cuts target price to SEK 90 from SEK 104 |
| * Kion KGX.DE: Barclays cuts target price to EUR 46 from EUR 52 |
| * Klepierre LOIM.PA: Berenberg raises to buy from hold; ups PT to EUR 35 from EUR 33 |
| * Knorr-Bremse KBX.DE: Barclays cuts target price to EUR 62 from EUR 65 |
| * KPN KPN.AS: HSBC raises target price to EUR 4.4 from EUR 4.2 |
| * Kuehne & Nagel International KNIN.S: Barclays cuts PT to CHF 185 from CHF 190 |
| * Kuehne & Nagel International KNIN.S: Morgan Stanley cuts PT to CHF 208 from CHF 216 |
| * Landis+Gyr Group AG LANDI.S: Kepler Cheuvreux cuts PT to CHF 50 from CHF 51 |
| * Landis+Gyr Group AG LANDI.S: Kepler Cheuvreux raises to hold from reduce |
| * Lectra SA LECS.PA: Kepler Cheuvreux cuts target price to EUR 32 from EUR 35 |
| * Legrand LEGD.PA: Barclays cuts target price to EUR 111 from EUR 123 |
| * Lime Technologies AB LIMET.ST: Kepler Cheuvreux cuts to hold from buy |
| * Lonza LONN.S: HSBC cuts target price to CHF 630 from CHF 660 |
| * Mercedes-Benz Group AG MBGn.DE: Morgan Stanley cuts PT to EUR 64 from EUR 72 |
| * Merck KGaA MRCG.DE: HSBC cuts target price to EUR 145 from EUR 165 |
| * Molten Ventures Plc GROW.L: Deutsche Bank raises target price to 671p from 654p |
| * Morgan Advanced Materials MGAMM.L: Barclays cuts target price to 220p from 330p |
| * Natwest Group Plc NWG.L: Barclays raises target price to 580p from 560p |
| * Nexans SA NEXS.PA: Barclays cuts target price to EUR 92 from EUR 94 |
| * Nexans SA NEXS.PA: UBS cuts target price to EUR 130 from EUR 145 |
| * Nokia NOKIA.HE: Barclays cuts target price to EUR 4 from EUR 4.9 |
| * Nokia NOKIA.HE: Kepler Cheuvreux cuts target price to EUR 4.6 from EUR 4.7 |
| * Nordnet SAVE.ST: UBS raises target price to SEK 263 from SEK 255 |
| * Nordnet Bank AB SAVE.ST: Barclays raises target price to SEK 215 from SEK 205 |
| * Norion Bank AB NORION.ST: Kepler Cheuvreux cuts PT to SEK 41 from SEK 42 |
| * Orange ORAN.PA: Barclays raises target price to EUR 13.5 from EUR 13 |
| * Pernod Ricard PERP.PA: Kepler Cheuvreux cuts target price to EUR 117 from EUR 147 |
| * Pernod Ricard PERP.PA: Kepler Cheuvreux raises to buy from hold |
| * Pets at Home PETSP.L: Barclays cuts target price to 245p from 260p |
| * Philips PHG.AS: HSBC cuts target price to EUR 23 from EUR 26 |
| * Pirelli & C SpA PIRC.MI: Citigroup adds stock to its european focus list |
| * Prisma Properties AB PRISMA.ST: Kepler Cheuvreux raises PT to SEK 33 from SEK 31 |
| * Prysmian SpA PRY.MI: Barclays cuts target price to EUR 72 from EUR 74 |
| * Qiagen QIA.DE: HSBC cuts target price to EUR 40 from EUR 48 |
| * Rational RAAG.DE: Barclays cuts target price to EUR 839 from EUR 890 |
| * Renault RENA.PA: Morgan Stanley cuts target price to EUR 47 from EUR 59 |
| * Renault SA RENA.PA: Deutsche Bank cuts target price to EUR 55 from EUR 60 |
| * Renishaw RSW.L: Barclays cuts target price to 2000p from 3100p |
| * Rexel SA RXL.PA: Barclays cuts target price to EUR 27 from EUR 30 |
| * Rhi Magnesita RHIM.L: Barclays cuts target price to 3650p from 4050p |
| * Roche ROG.S: Barclays cuts target price to CHF 275 from CHF 290 |
| * Roche ROG.S: UBS cuts target price to CHF 314 from CHF 338 |
| * Roche Holding AG ROG.S: Morgan Stanley cuts target price to CHF 286 from CHF 312 |
| * Rotork ROR.L: Barclays cuts target price to 365p from 385p |
| * RWS Holdings Plc RWS.L: Deutsche Bank cuts target price to 195p from 305p |
| * Saint-Gobain SGOB.PA: Jefferies raises target price to EUR 141 from EUR 140 |
| * Saint-Gobain SGOB.PA: JP Morgan cuts target price to EUR 117 from EUR 120 |
| * Saint-Gobain SGOB.PA: Morgan Stanley cuts target price to EUR 100 from EUR 101 |
| * Sandvik AB SAND.ST: Barclays cuts target price to SEK 250 from SEK 260 |
| * Sanofi SASY.PA: Leerink Partners cuts target price to EUR 115.00 from EUR 120.00 |
| * Sanofi SASY.PA: UBS cuts target price to EUR 115 from EUR 120 |
| * Sartorius Stedim Biotech STDM.PA: HSBC cuts target price to EUR 250 from EUR 310 |
| * Schindler Holding SCHP.S: Barclays cuts target price to CHF 280 from CHF 290 |
| * Schneider Electric SCHN.PA: Barclays cuts target price to EUR 245 from EUR 276 |
| * Senior Plc SNR.L: Deutsche Bank cuts target price to 195p from 210p |
| * Siemens AG SIEGn.DE: Barclays cuts target price to EUR 160 from EUR 165 |
| * Siemens AG SIEGn.DE: Citigroup resumes coverage with buy rating; PT EUR 245 |
| * Siemens Healthineers AG SHLG.DE: HSBC cuts target price to EUR 58 from EUR 61 |
| * Signify LIGHT.AS: Barclays cuts target price to EUR 17 from EUR 18.83 |
| * Signify LIGHT.AS: Degroof Petercam cuts target price to EUR 23 from EUR 27 |
| * SKF AB SKFb.ST: Barclays cuts target price to SEK 193 from SEK 250 |
| * Smith & Nephew SN.L: HSBC cuts target price to 1070p from 1160p |
| * Smiths SMIN.L: Barclays cuts target price to 2020p from 2290p |
| * Sonova SOON.S: HSBC cuts target price to CHF 290 from CHF 310 |
| * Spirax Group SPX.L: Barclays cuts target price to 7350p from 8350p |
| * St James's Place SJP.L: Deutsche Bank cuts target price to 1100p from 1200p |
| * St James's Place SJP.L: HSBC cuts target price to 950p from 1095p |
| * Stellantis NV STLAM.MI: Morgan Stanley cuts target price to EUR 8.5 from EUR 14 |
| * STMicroelectronics STMPA.PA: Deutsche Bank raises PT to EUR 26 from EUR 24 |
| * STMicroelectronics STMPA.PA: UBS cuts target price to EUR 26 from EUR 29 |
| * STMicroelectronics NV STMPA.PA: Berenberg cuts PT to EUR 25 from EUR 30 |
| * STMicroelectronics NV STMPA.PA: Kepler Cheuvreux cuts PT to EUR 28 from EUR 31 |
| * Stratec SBSG.DE: Deutsche Bank cuts target price to EUR 33 from EUR 39 |
| * Straumann STMN.S: HSBC cuts target price to CHF 130 from CHF 144 |
| * Stroeer SAXG.DE: JP Morgan cuts target price to EUR 58 from EUR 59 |
| * Tele2 AB TEL2b.ST: JP Morgan raises target price to SEK 160 from SEK 156 |
| * Thales TCFP.PA: Bernstein raises target price to EUR 247 from EUR 240 |
| * Trelleborg TRELb.ST: Barclays cuts target price to SEK 392 from SEK 460 |
| * Troax Group AB TROAX.ST: Berenberg cuts target price to SEK 210 from SEK 280 |
| * TT Electronics TTG.L: Barclays cuts target price to 90p from 100p |
| * Umicore SA UMI.BR: Degroof Petercam cuts target price to EUR 11 from EUR 12 |
| * Unilever ULVR.L: UBS cuts target price to 4000p from 4110p |
| * Unilever Plc ULVR.L: Deutsche Bank cuts target price to 4900p from 5000p |
| * Vat Group VACN.S: Barclays cuts target price to CHF 282 from CHF 389 |
| * Verallia SA VRLA.PA: Kepler Cheuvreux cuts target price to EUR 33 from EUR 35 |
| * Vesuvius VSVS.L: Barclays cuts target price to 310p from 350p |
| * Vinci SGEF.PA: Morgan Stanley cuts target price to EUR 135 from EUR 138 |
| * Volkswagen AG VOWG.DE: Morgan Stanley raises PT to EUR 94 from EUR 86 |
| * Volkswagen AG VOWG.DE: Morgan Stanley ups to equal-weight from underweight |
| * Volvo VOLVb.ST: UBS cuts target price to SEK 344 from SEK 370 |
| * Wartsila WRT1V.HE: Barclays cuts target price to EUR 11 from EUR 11.5 |
| * Worldline WLN.PA: Deutsche Bank cuts target price to EUR 6.3 from EUR 6.5 |
| * Worldline WLN.PA: HSBC cuts target price to EUR 5.5 from EUR 6 |
| * Worldline WLN.PA: Morgan Stanley cuts target price to EUR 5.1 from EUR 7 |
| * Worldline WLN.PA: UBS cuts target price to EUR 3.5 from EUR 4.25 |
| * WPP WPP.L: JP Morgan cuts target price to 730p from 750p |
