| * Adecco Group AG ADEN.S: Barclays cuts target price to CHF 36.5 from CHF 40 |
| * Airbus SE AIR.PA: Morgan Stanley raises target price to EUR 195 from EUR 187 |
| * AJ Bell AJBA.L: RBC cuts target price to 410p from 430p |
| * Amadeus AMA.MC: Barclays cuts target price to EUR 80 from EUR 85 |
| * Amadeus AMA.MC: Deutsche Bank cuts target price to EUR 68 from EUR 73 |
| * Amadeus AMA.MC: JP Morgan cuts target price to EUR 75 from EUR 78 |
| * Amadeus AMA.MC: Morgan Stanley cuts target price to EUR 82 from EUR 85 |
| * Amplifon SpA AMPF.MI: Barclays cuts target price to EUR 28.5 from EUR 31.5 |
| * Amplifon SpA AMPF.MI: JP Morgan cuts target price to EUR 23.8 from EUR 25.5 |
| * Amundi SA AMUN.PA: Morgan Stanley raises target price to EUR 78.7 from EUR 70.5 |
| * Anglo American AAL.L: Citigroup raises target price to 2,100p from 2,000p |
| * Anheuser Busch Inbev SA ABI.BR: BofA Global Research raises PO to EUR 71 from EUR 69 |
| * Anheuser Busch Inbev SA ABI.BR: UBS raises target price to EUR 75 from EUR 72 |
| * Anheuser-Busch Inbev ABI.BR: Barclays raises target price to EUR 80 from EUR 79 |
| * Argenx SE ARGX.BR: JP Morgan cuts target price to EUR 700 from EUR 740 |
| * Argenx SE ARGX.BR: Kepler Cheuvreux cuts target price to EUR 715 from EUR 730 |
| * Aryzta AG ARYN.S: UBS raises target price to CHF 94 from CHF 84 |
| * Atalaya Mining Plc ATYM.L: BofA Global Research raises PO to 470p from 400p |
| * Aurubis NAFG.DE: Deutsche Bank cuts target price to EUR 83 from EUR 85 |
| * Aurubis AG NAFG.DE: Deutsche Bank cuts target price to EUR 83 from EUR 85 |
| * Balder BALDb.ST: Kepler Cheuvreux cuts target price to SEK 81 from SEK 83 |
| * Banco De Sabadell SA SABE.MC: Barclays raises target price to EUR 2.7 from EUR 2.3 |
| * Bankinter BKT.MC: HSBC raises target price to EUR 10.5 from EUR 8.9 |
| * Barry Callebaut AG BARN.S: Citigroup cuts target price to CHF 790 from CHF 1,335 |
| * Barry Callebaut AG BARN.S: Citigroup cuts to neutral from buy |
| * Beiersdorf AG BEIG.DE: Morgan Stanley cuts target price to EUR 124 from EUR 130 |
| * Besi BESI.AS: JP Morgan initiates coverage with overweight rating; PT EUR 121 |
| * Bodycote Plc BOY.L: JP Morgan cuts target price to 580p from 630p |
| * British Land BLND.L: Jefferies raises target price to 364p from 304p |
| * Brooks MacDonald Group Plc BRK.L: RBC cuts target price to 1650p from 1700p |
| * Bunzl BNZL.L: Jefferies cuts target price to 1,900p from 2,700p |
| * Campari CPRI.MI: RBC cuts target price to EUR 5.6 from EUR 5.9 |
| * Cementir Holding NV CEMI.MI: Kepler Cheuvreux cuts to hold from buy |
| * Cementir Holding NV CEMI.MI: Kepler Cheuvreux raises PT to EUR 15.6 from EUR 13.7 |
| * Centrica CNA.L: Kepler Cheuvreux cuts to hold from buy; cuts PT to 160p from 180p |
| * Ceres Power Holdings Plc CWR.L: UBS cuts target price to 120p from 480p |
| * Cofinimmo SA COFB.BR: UBS cuts to neutral from buy |
| * Cofinimmo SA COFB.BR: UBS raises target price to EUR 80.91 from EUR 74.7 |
| * Coloplast COLOb.CO: Kepler Cheuvreux cuts target price to DKK 715 from DKK 870 |
| * Coloplast COLOb.CO: RBC cuts target price to DKK 700 from DKK 940 |
| * Coloplast COLOb.CO: RBC cuts to sector perform from outperform |
| * Compagnie Financiere Richemont SA CFR.S: BofA Global Research cuts PO to CHF 175 from CHF 180 |
| * Compagnie Financiere Richemont SA CFR.S: UBS cuts PT to CHF 171 from CHF 184 |
| * Credem EMBI.MI: Barclays raises target price to EUR 12.5 from EUR 10.9 |
| * Delivery Hero SE DHER.DE: Berenberg cuts target price to EUR 37 from EUR 75 |
| * Demant DEMANT.CO: JP Morgan cuts target price to DKK 274 from DKK 306 |
| * Derwent London DLN.L: Deutsche Bank cuts target price to 2400p from 2750p |
| * Derwent London Plc DLN.L: Deutsche Bank cuts target price to 2400p from 2750p |
| * ElringKlinger AG ZILGn.DE: Kepler Cheuvreux raises target price to EUR 3.5 from EUR 3 |
| * EMS Chemie Holding AG EMSN.S: Berenberg cuts target price to CHF 491 from CHF 634 |
| * EMS Chemie Holding AG EMSN.S: Berenberg cuts to sell from hold |
| * Enel ENEI.MI: Morgan Stanley raises target price to EUR 8.8 from EUR 8.3 |
| * Ferrovial FERF.AS: BofA Global Research raises price objective to EUR 48 from EUR 44 |
| * FM Mattsson AB (Publ) FMMb.ST: Kepler Cheuvreux raises target price to SEK 64 from 57 |
| * Fresenius SE FREG.DE: Berenberg raises target price to EUR 50 from EUR 45 |
| * Fresenius SE FREG.DE: JP Morgan cuts target price to EUR 49.1 from EUR 56.9 |
| * Glencore GLEN.L: Citigroup cuts target price to 350p from 370p |
| * Haleon Plc HLN.L: Morgan Stanley raises target price to 425p from 400p |
| * Haleon Plc HLN.L: Morgan Stanley raises to overweight from equal weight |
| * Heidelberg Materials HEIG.DE: Jefferies raises PT to EUR 203.7 from EUR 191.4 |
| * Heidelberg Materials HEIG.DE: Morgan Stanley raises PT to EUR 144 from EUR 140 |
| * Henkel HNKG_p.DE: Barclays cuts target price to EUR 75 from EUR 77 |
| * Henkel HNKG_p.DE: Deutsche Bank cuts target price to EUR 76 from EUR 78 |
| * Henkel AG & Co KGaA HNKG.DE: Deutsche Bank cuts target price to EUR 76 from EUR 78 |
| * Henkel AG & Co KGaA HNKG.DE: Morgan Stanley cuts target price to EUR 67 from EUR 74 |
| * Henkel AG & Co KGaA HNKG_p.DE: Berenberg cuts target price to EUR 80 from EUR 86 |
| * Hochtief AG HOTG.DE: Kepler Cheuvreux raises target price to EUR 153.5 from EUR 132 |
| * Holmen HOLMb.ST: Citigroup raises target price to SEK 420 from SEK 405 |
| * IHG IHG.L: Deutsche Bank raises target price to 7900p from 7750p |
| * Infineon Technologies AG IFXGn.DE: Kepler Cheuvreux cuts PT to EUR 42 from EUR 44 |
| * Integrafin Holdings Plc IHPI.L: RBC cuts target price to 420p from 440p |
| * Italy'S Prysmian PRY.MI: JP Morgan cuts target price to EUR 75 from EUR 76 |
| * Jerónimo Martins JMT.LS: Barclays raises target price to EUR 24 from EUR 22.2 |
| * Jeronimo Martins SGPS SA JMT.LS: Morgan Stanley raises PT to EUR 24.9 from EUR 22.5 |
| * Jyske Bank JYSK.CO: Barclays raises target price to DKK 561 from DKK 543 |
| * Knorr Bremse AG KBX.DE: JP Morgan cuts target price to EUR 93 from EUR 94 |
| * Lanxess AG LXSG.DE: Berenberg cuts target price to EUR 31 from EUR 33 |
| * Lanxess AG LXSG.DE: HSBC cuts target price to EUR 27 from EUR 31 |
| * Lenzing AG LENV.VI: Deutsche Bank raises target price to EUR 35 from EUR 32 |
| * Leonardo LDOF.MI: Deutsche Bank raises target price to EUR 52 from EUR 46 |
| * Leonardo SpA LDOF.MI: Deutsche Bank raises target price to EUR 52 from EUR 46 |
| * Leonardo SpA LDOF.MI: Kepler Cheuvreux raises target price to EUR 49 from EUR 47 |
| * Logitech International SA LOGN.S: Berenberg cuts target price to CHF 88 from CHF 102 |
| * M&G MNG.L: HSBC raises target price to 240p from 225p |
| * Maersk MAERSKb.CO: JP Morgan raises target price to DKK 7900 from DKK 7850 |
| * Maersk MAERSKb.CO: Kepler Cheuvreux raises target price to DKK 9250 from DKK 9000 |
| * Mediolanum BMED.MI: Barclays raises target price to EUR 16.4 from EUR 16 |
| * Mony Group Plc MONY.L: Morgan Stanley cuts target price to 275p from 300p |
| * Next NXT.L: HSBC raises target price to 12885p from 12750p |
| * Next Plc NXT.L: Berenberg raises target price to 14700p from 13400p |
| * Nordic Semiconductor NOD.OL: Exane BNP Paribas initiates coverage with PT NOK 95 |
| * Nordic Semiconductor NOD.OL: Exane BNP Paribas initiates coverage with underperform rating |
| * Novonesis NSISb.CO: Kepler Cheuvreux raises target price to DKK 450 from DKK 435 |
| * Novonesis NSISb.CO: UBS raises target price to DKK 450 from DKK 445 |
| * OCI NV OCI.AS: Citigroup cuts to neutral from buy; cuts PT to EUR 8.3 from EUR 8.98 |
| * Ontex Group NV: KBC Securities lowers target price to EUR 10 from EUR 12; rating buy |
| * Orsted ORSTED.CO: Citigroup cuts to sell from neutral; cuts PT to DKK 211 from DKK 300 |
| * Playtech PTEC.L: Jefferies resumes coverage with buy rating; target price 395p |
| * Playtech PTEC.L: Peel Hunt cuts target price to 510p from 1,000p |
| * Poste Italiane PST.MI: Barclays raises target price to EUR 17.5 from EUR 16.7 |
| * Poste Italiane PST.MI: JP Morgan raises target price to EUR 20 from EUR 18.50 - |
| * Poste Italiane PST.MI: Kepler Cheuvreux raises target price to EUR 21 from EUR 16.7 |
| * Qiagen NV QIA.DE: Morgan Stanley cuts target price to EUR 42 from EUR 45 |
| * Quilter Plc QLT.L: RBC cuts target price to 170p from 180p |
| * Rathbones Group RAT.L: RBC cuts target price to 1900p from 2000p |
| * Recordati RECI.MI: Barclays raises target price to EUR 52 from EUR 50 |
| * Remy Cointreau RCOP.PA: Deutsche Bank cuts target price to EUR 44 from EUR 45 |
| * Remy Cointreau RCOP.PA: Deutsche Bank cuts target price to EUR 44 from EUR 45 |
| * Rheinmetall RHMG.DE: Deutsche Bank raises target price to EUR 1800 from EUR 1300 |
| * Rheinmetall AG RHMG.DE: Deutsche Bank raises target price to EUR 1800 from EUR 1300 |
| * Rheinmetall AG RHMG.DE: JP Morgan raises target price to EUR 2100 from EUR 1400 |
| * S4 Capital SFOR.L: Barclays cuts target price to 31p from 45p |
| * S4 Capital Plc SFOR.L: Deutsche Bank cuts target price to 32p from 37p |
| * S4 Capital Plc SFOR.L: Deutsche Bank cuts target price to 32p from 37p |
| * Sabadell SABE.MC: HSBC raises target price to EUR 3 from EUR 2.65 |
| * Sagax AB SAGAb.ST: Kepler Cheuvreux raises target price to SEK 227 from SEK 220 |
| * Santander SAN.MC: HSBC raises target price to EUR 7 from EUR 5.9 |
| * Scatec ASA SCATC.OL: Kepler Cheuvreux raises target price to NOK 88 from NOK 85 |
| * Schibsted ASA SCHA.OL: UBS raises target price to NOK 362 from NOK 310 |
| * Schroders SDR.L: Morgan Stanley raises target price to 300p from 280p |
| * Securitas AB SECUb.ST: Morgan Stanley cuts target price to SEK 112 from SEK 120 |
| * Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 82 from EUR 74 |
| * Siemens Energy AG ENR1n.DE: Deutsche Bank raises target price to EUR 82 from EUR 74 |
| * Siemens Energy AG ENR1n.DE: JP Morgan raises target price to EUR 58 from EUR 49 |
| * Siemens Healthineers AG SHLG.DE: Morgan Stanley cuts PT to EUR 60 from EUR 62 |
| * Smith+Nephew Plc SN.L: Stifel raises target price to 1,065p from 1,025p |
| * Snam SRG.MI: Deutsche Bank raises target price to EUR 6 from EUR 5.8 |
| * Societe Generale SA SOGN.PA: UBS cuts to neutral from buy |
| * Societe Generale SA SOGN.PA: UBS raises target price to EUR 48 from EUR 44 |
| * Solvay SOLB.BR: Berenberg cuts target price to EUR 30 from EUR 34 |
| * St. James's Place SJP.L: RBC cuts target price to 1025p from 1050p |
| * Storebrand STB.OL: JP Morgan raises target price to NOK 117 from NOK 115 |
| * Ströer SE & Co KGaA SAXG.DE: Barclays raises target price to EUR 54 from EUR 53 |
| * Swedish Orphan Biovitrum SOBIV.ST: Barclays cuts target price to SEK 350 from SEK 380 |
| * Swisscom SCMN.S: Barclays cuts target price to CHF 450 from CHF 470 |
| * Tate & Lyle TATE.L: Kepler Cheuvreux cuts target price to 880p from 1000p |
| * Telecom Italia TLIT.MI: JP Morgan raises target price to EUR 0.38 from EUR 0.36 |
| * Terna TRN.MI: Citigroup raises target price to EUR 8.5 from EUR 8.1 |
| * Vat Group AG VACN.S: JP Morgan cuts target price to CHF 361 from CHF 437 |
| * Wallenius Wilhelmsen WAWI.OL: Kepler Cheuvreux cuts target price to NOK 60 from NOK 61 |
| * Wickes Group Plc WIX.L: Deutsche Bank raises target price to 199p from 160p |
| * Wolters Kluwer NV WLSNc.AS: UBS cuts to neutral from buy |
| * Zehnder Group AG ZEHN.S: Kepler Cheuvreux cuts target price to CHF 65 from CHF 67 |
| * Zurich Insurance Group AG ZURN.S: Berenberg raises PT to CHF 642 from CHF 602 |
| * Zurich Insurance Group AG ZURN.S: Citigroup cuts target price to CHF 587 from CHF 606 |
