| * 74Software SA 74SW.PA: Kepler Cheuvreux cuts to hold from buy |
| * 74Software SA 74SW.PA: Kepler Cheuvreux raises target price to EUR 41 from EUR 33 |
| * Aak AAK.ST: UBS cuts target price to SEK 315 from SEK 320 |
| * Aena AENA.MC: Barclays adjusts PT to EUR 23.80 from EUR 238 to reflect 10-for-1 stock split |
| * Aj Bell AJBA.L: Deutsche Bank raises target price to 540p from 520p |
| * Anheuser-Busch Inbev SA ABI.BR: Morgan Stanley raises PT to EUR 72 from EUR 69 |
| * ArcelorMittal SA MT.LU: Morgan Stanley cuts target price to EUR 29.40 from EUR 30 |
| * Ashmore ASHM.L: Deutsche Bank raises target price to 140p from 135p |
| * Assa Abloy ASSAb.ST: Deutsche Bank raises target price to SEK 290 from SEK 280 |
| * Atlas Copco ATCOa.ST: Goldman Sachs adds stock to its European Conviction list |
| * Atos ATOS.PA: BofA Global Research raises price objective to EUR 20.4 from EUR 19 |
| * Azelis AZE.BR: Morgan Stanley cuts target price to EUR 19 from EUR 21 |
| * Bechtle AG BC8G.DE: BofA Global Research raises price objective to EUR 32 from EUR 30 |
| * BNP Paribas BNPP.PA: Goldman Sachs removes stock from its European Conviction list |
| * CRH Plc CRH.L: BofA Global Research cuts price objective to 8200p from 8300p |
| * Cucinelli BCU.MI: BofA Global Research raises price objective to EUR 115 from EUR 112 |
| * Drax DRX.L: Barclays raises target price to 1,000p from 970p |
| * Enka Insaat ENKAI.IS: HSBC raises target price to TRY 80 from TRY 60 |
| * EQT AB EQTAB.ST: Deutsche Bank raises target price to SEK 360 from SEK 315 |
| * Evonik Industries EVKn.DE: Deutsche Bank cuts target price to EUR 24 from EUR 25 |
| * Flughafen Zuerich AG FHZN.S: Goldman Sachs removes stock from its European Conviction list |
| * Fluidra FLUI.MC: Barclays raises target price to EUR 26 from EUR 25 |
| * Fluidra FLUI.MC: JP Morgan raises target price to EUR 30 from EUR 27 |
| * FMC AG FMEG.DE: Goldman Sachs removes stock from its European Conviction list |
| * H Lundbeck A/S HLUNa.CO: Exane BNP Paribas initiates coverage with neutral rating; PT DKK 38 |
| * Heidelberg Materials HEIG.DE: Morgan Stanley raises PT to EUR 150 from EUR 148 |
| * Hermes HRMS.PA: Deutsche Bank cuts target price to EUR 2,450 from EUR 2,550 |
| * Imcd IMCD.AS: Deutsche Bank cuts target price to EUR 126 from EUR 130 |
| * ING Groep NV INGA.AS: Goldman Sachs adds stock to its European Conviction list |
| * Innoscripta SE 1INN.DE: Berenberg initiates coverage with buy rating; PT EUR 200 |
| * Integrafin IHPI.L: Deutsche Bank raises target price to 360p from 350p |
| * IP Group Plc IPO.L: Deutsche Bank raises target price to 114p from 100p |
| * Jupiter JUP.L: Deutsche Bank raises target price to 90p from 80p |
| * Kardex KARN.S: UBS raises target price to CHF 310 from CHF 276 |
| * Kinnevik KINVb.ST: Degroof Petercam initiates coverage with hold rating; PT SEK 90 |
| * Kitwave Group Plc KITW.L: Canaccord Genuity cuts target price to 420p from 495p |
| * Kitwave Group Plc KITW.L: Stifel cuts target price to 475p from 500p |
| * Legrand LEGD.PA: Deutsche Bank raises target price to EUR 123 from EUR 115 |
| * Legrand LEGD.PA: Morgan Stanley raises target price to EUR 118 from EUR 115 |
| * LVMH LVMH.PA: BofA Global Research cuts price objective to EUR 675 from EUR 725 |
| * LVMH LVMH.PA: Goldman Sachs adds stock to its European Conviction list |
| * Maersk MAERSKb.CO: Morgan Stanley raises target price to DKK 11,700 from DKK 11,200 |
| * Man Group EMG.L: Deutsche Bank cuts target price to 205p from 225p |
| * Mercedes-Benz Group AG MBGn.DE: Barclays cuts target price to EUR 52.50 from EUR 57.50 |
| * Mercia Asset Management Plc MERCM.L: Canaccord Genuity raises PT to 67p from 64p |
| * Munters MTRS.ST: Berenberg cuts to hold from buy; cuts PT to SEK 140 from SEK 200 |
| * Neste Oyj NESTE.HE: Citigroup raises target price to EUR 11.80 from EUR 9 |
| * Nestle NESN.S: Deutsche Bank cuts target price to CHF 82 from CHF 84 |
| * Netcompany Group A/S NETCG.CO: BofA Global Research cuts PT to DKK 336 from DKK 369 |
| * Nexans NEXS.PA: Deutsche Bank cuts target price to EUR 128 from EUR 131 |
| * Nexi NEXII.MI: Barclays cuts target price to EUR 4.5 from EUR 4.9 |
| * NKT A/S NKT.CO: Jefferies cuts target price to DKK 527 from DKK 542 |
| * Novo Nordisk NOVOb.CO: BofA Global Research cuts PT to DKK 550 from DKK 850 |
| * Novonesis NSISb.CO: UBS cuts target price to DKK 520 from DKK 530 |
| * Orange ORAN.PA: UBS raises target price to EUR 15.2 from EUR 12.1 |
| * Partners Group PGHN.S: Deutsche Bank cuts target price to CHF 1,180 from CHF 1,200 |
| * Paypoint PAYP.L: Barclays raises target price to 600p from 520p |
| * Pernod Ricard PERP.PA: Deutsche Bank cuts target price to EUR 85 from EUR 94 |
| * Pernod Ricard PERP.PA: HSBC cuts target price to EUR 90 from EUR 95 |
| * Petershill Partners PHLL.L: Deutsche Bank cuts target price to 265p from 270p |
| * Polar Capital POLR.L: Deutsche Bank raises target price to 500p from 480p |
| * Prysmian PRY.MI: Deutsche Bank raises target price to EUR 69 from EUR 67 |
| * Puma SE PUMG.DE: RBC raises target price to EUR 26 from EUR 25 |
| * Quilter QLT.L: Deutsche Bank raises target price to 110p from 95p |
| * Reckitt Benckiser RKT.L: HSBC raises target price to 5,700p from 5,600p |
| * Rio Tinto RIO.L: Goldman Sachs removes stock from its European Conviction list |
| * Sage Group SGE.L: Barclays cuts target price to 1,050p from 1,065p |
| * Saint-Gobain SGOB.PA: Jefferies raises target price to EUR 143 from EUR 141 |
| * Sanofi SASY.PA: BofA Global Research cuts price objective to EUR 115 from EUR 123 |
| * Schroders SDR.L: Deutsche Bank raises target price to 390p from 370p |
| * Semperit Holding AG SMPV.VI: Baader Helvea cuts target price to EUR 17.5 from EUR 23 |
| * Siemens AG SIEGN.DE: HSBC cuts target price to EUR 210 from EUR 225 |
| * Siemens Energy AG ENR1n.DE: HSBC raises target price to EUR 108 from EUR 99 |
| * Siemens Energy AG ENR1n.DE: JP Morgan raises target price to EUR 78 from EUR 58 |
| * SIG Group SIGNC.S: Deutsche Bank cuts target price to CHF 26 from CHF 27 |
| * SIG Group AG SIGNC.S: Morgan Stanley cuts target price to CHF 22.80 from CHF 23.70 |
| * Sinch AB SINCH.ST: BofA Global Research raises price objective to SEK 28 from SEK 25 |
| * Softwareone Holding AG SWON.S: UBS cuts target price to CHF 10.6 from CHF 11 |
| * Sopra Steria Group SA SOPR.PA: BofA Global Research raises PT to EUR 225 from EUR 206 |
| * SSAB SSABa.ST: Morgan Stanley cuts target price to SEK 61 from SEK 63 |
| * Symrise SY1G.DE: Barclays cuts target price to EUR 109 from EUR 110 |
| * Symrise SY1G.DE: UBS cuts target price to EUR 115 from EUR 119 |
| * Temenos TEMN.S: Barclays cuts target price to CHF 65 from CHF 67 |
| * ThyssenKrupp AG TKAG.DE: Morgan Stanley raises target price to EUR 7.10 from EUR 6.90 |
| * Trelleborg TRELb.ST: Barclays raises target price to SEK 396 from SEK 392 |
| * Umicore UMI.BR: Deutsche Bank raises target price to EUR 13.60 from EUR 12 |
| * Umicore SA UMI.BR: Degroof Petercam raises target price to EUR 14 from EUR 11 |
| * Umicore SA UMI.BR: JP Morgan raises target price to EUR 15 from EUR 13.3 |
| * Vestas VWS.CO: Deutsche Bank cuts target price to DKK 100 from DKK 105 |
| * Vinci SGEF.PA: Jefferies raises target price to EUR 145 from EUR 141 |
| * Volvo VOLVb.ST: Goldman Sachs removes stock from its European Conviction list |
| * WH Smith SMWH.L: Barclays cuts target price to 1,310p from 1,320p |
| * WH Smith SMWH.L: Deutsche Bank cuts target price to 1,030p from 1,050p |
| * Worldline WLN.PA: Barclays cuts target price to EUR 3.30 from EUR 6.50 |
| * Zealand pharma ZELA.CO: Exane BNP Paribas initiates coverage with outperform rating; PT DKK 905 |
