| * A.P. Moller-Maersk MAERSKb.CO: UBS raises target price to DKK 12,300 from DKK 11,500 |
| * Abrdn ABDN.L: Deutsche Bank raises target price to 200p from 190p |
| * Acerinox ACX.MC: Barclays raises target price to EUR 13 from EUR 11 |
| * Acerinox ACX.MC: Jefferies raises to buy from hold; raises PT to EUR 13 from EUR 10.50 |
| * ADP ADP.PA: Stifel cuts target price to EUR 135 from EUR 148 |
| * Allfunds Group ALLFG.AS: HSBC raises target price to EUR 7.1 from EUR 6.7 |
| * Argenx ARGX.BR: Morgan Stanley raises target price to EUR 715 from EUR 635 |
| * Aselsan ASELS.IS: HSBC raises target price to TRY 120 from TRY 78 |
| * Ashtead Group Plc AHT.L: Morgan Stanley cuts target price to 6400p from 6750p |
| * AXA AXAF.PA: Morgan Stanley raises target price to EUR 44 from EUR 41 |
| * Barclays BARC.L: Exane BNP Paribas raises to outperform from neutral |
| * Beazley Plc BEZG.L: UBS raises target price to 1,090p from 1,030p |
| * Bilfinger GBFG.DE: Deutsche Bank raises target price to EUR 70 from EUR 59 |
| * Bilfinger GBFG.DE: UBS raises target price to EUR 70 from EUR 59 |
| * Bouygues SA BOUY.PA: Morgan Stanley raises target price to EUR 33 from EUR 30 |
| * Breedon Group Plc BREE.L: RBC raises target price to 650p from 575p |
| * Bunzl BNZL.L: Peel Hunt raises to add from hold |
| * Campari CPRI.MI: Bernstein cuts target price to EUR 10.40 from EUR 10.50 |
| * Canal+ CAN.L: Barclays cuts target price to 265p from 280p |
| * Clariant CLN.S: Deutsche Bank cuts target price to CHF 10.5 from CHF 11 |
| * Continental AG CONG.DE: Bernstein cuts target price to EUR 59 from EUR 60 |
| * Continental AG CONG.DE: Deutsche Bank raises target price to EUR 75 from EUR 70 |
| * Davide Campari N.V. CPRI.MI: Barclays cuts target price to EUR 7.6 from EUR 7.8 |
| * Deutsche Telekom DTEGN.DE: HSBC cuts to hold from buy |
| * Deutsche Telekom DTEGN.DE: HSBC raises target price to EUR 36 from EUR 34 |
| * Drax Group Plc DRX.L: Morgan Stanley cuts target price to 700p from 720p |
| * Ecora Resources Plc ECORE.L: RBC raises target price to 130p from 120p |
| * Euronext NV ENX.PA: UBS raises target price to EUR 145 from EUR 139 |
| * Fagron NV FAGRO.BR: ING raises target price to EUR 22.5 from EUR 22 |
| * Galliford TRY GFRD.L: Peel Hunt raises target price to 500p from 475p |
| * Games Workshop GAW.L: Peel Hunt raises target price to 15000p from 14400p |
| * Greggs GRG.L: Peel Hunt cuts target price to 1,900p from 2,500p |
| * Greggs Plc GRG.L: Barclays cuts target price to 2495p from 2585p |
| * Haleon Plc HLN.L: HSBC cuts to hold from buy |
| * Hennes & Mauritz HMB.ST: HSBC cuts target price to SEK 145 from SEK 185 |
| * Hennes & Mauritz HMB.ST: HSBC cuts to hold from buy |
| * Hexagon HEXAb.ST: Stifel cuts to hold from buy; cuts target to SEK 130 from SEK 135 |
| * Hikma HIK.L: Stifel raises target price to 2,650p from 2,500p |
| * Holcim HOLN.S: Barclays raises target price to CHF 80 from CHF 72 |
| * Howden Joinery HWDN.L: JP Morgan cuts target price to 824p from 849p |
| * Impax Asset Management Group Plc IPX.L: Berenberg cuts target price to 440p from 470p |
| * Impax Asset Management Group Plc IPX.L: Peel Hunt cuts target price to 275p from 350p |
| * Inchcape INCH.L: Deutsche Bank cuts target price to 1000p from 1100p |
| * Inditex ITX.MC: HSBC raises target price to EUR 57 from EUR 55 |
| * International Airlines Group ICAG.L: UBS raises target price to 320p from 280p |
| * Intertek Group Plc ITRK.L: UBS raises target price to 6,250p from 5,900p |
| * Johnson Service Group Plc JSG.L: Deutsche Bank raises target price to 215p from 205p |
| * Just Eat Takeaway.Com TKWY.AS: Citigroup cuts target price to EUR 20.30 from EUR 21.00 |
| * Just Eat Takeaway.Com TKWY.AS: Citigroup cuts to neutral from buy |
| * Just Eat Takeaway.Com TKWY.AS: Degroof Petercam resumes coverage with hold rating |
| * Just Eat Takeaway.Com TKWY.AS: Degroof Petercam resumes coverage with target EUR 20.3 |
| * Kuehne und Nagel International AG KNIN.S: Barclays cuts target to CHF 210 from CHF 215 |
| * Kuehne und Nagel International AG KNIN.S: HSBC cuts PT to CHF 206 from CHF 220 |
| * Kuehne und Nagel International AG KNIN.S: UBS cuts PT to CHF 212 from CHF 235 |
| * Kuehne und Nagel International AG KNIN.S: Bernstein cuts target to CHF 240 from CHF 250 |
| * Kuehne und Nagel International AG KNIN.S: JP Morgan cuts PT to CHF 180 from CHF 185 |
| * Kuehne und Nagel International AG KNIN.S: Morgan Stanley cuts PT to CHF 216 from CHF 220 |
| * Kuehne und Nagel International AG KNIN.S: TD Cowen cuts target to CHF 220 from CHF 242 |
| * Lindt & Spruengli LISN.S: Barclays raises target price to CHF 125000 from CHF 120000 |
| * Maire MTCM.MI: Stifel cuts target price to EUR 12.80 from EUR 13.40 |
| * Natwest Group Plc NWG.L: Exane BNP Paribas cuts to neutral from outperform |
| * Nexi NEXII.MI: Barclays cuts target price to EUR 4.9 from EUR 5.1 |
| * Novonesis NSISb.CO: JP Morgan raises target price to DKK 545 from DKK 520 |
| * Ocado OCDO.L: Peel Hunt cuts target price to 345p from 778p |
| * Oxford Nanopore Technologies Plc ONT.L: Barclays cuts target price to 160p from 170p |
| * Pearson Plc PSON.L: UBS raises target price to 1,580p from 1,400p |
| * Proximus PROX.BR: Barclays raises target price to EUR 6.5 from EUR 6 |
| * Reach Plc RCH.L: Barclays raises target price to 90p from 88p |
| * Reach Plc RCH.L: Deutsche Bank cuts target price to 182p from 190p |
| * Sampo SAMPO.HE: Deutsche Bank raises target price to EUR 8.7 from EUR 8.4 |
| * Sanofi SASY.PA: Berenberg raises target price to EUR 120 from EUR 115 |
| * Senior Plc SNR.L: JP Morgan raises target price to 185p from 165p |
| * Sopra Steria Group SA SOPR.PA: Bernstein initiates coverage with outperform rating |
| * Sopra Steria Group SA SOPR.PA: Bernstein initiates coverage with price target EUR 231 |
| * Spirent Communications Plc SPT.L: Deutsche Bank cuts target price to 201.5p from 250p |
| * St James's Place Plc SJP.L: UBS cuts to neutral from buy |
| * St James's Place Plc SJP.L: UBS raises target price to 1,180p from 1,175p |
| * Swiss Re SRENH.S: HSBC raises target price to CHF 147 from CHF 140 |
| * Syensqo SYENS.BR: Deutsche Bank cuts target price to EUR 82 from EUR 86 |
| * THG Plc THG.L: HSBC cuts target price to 55p from 100p |
| * Vusiongroup SA VU.PA: Bernstein raises target price to EUR 230 from EUR 220 |
| * Whitbread WTB.L: Peel Hunt cuts target price to 3500p from 3750p |
| * WPP WPP.L: UBS cuts target price to 590p from 720p |
| * WPP Group WPP.L: HSBC cuts target price to 700p from 800p |
| * XPS Pensions Group Plc XPS.L: RBC raises target price to 465p from 435p |
