| * Adyen NV ADYEN.AS: Jefferies cuts target price to EUR 1166 from EUR 1240 |
| * Akwel SA AKW.PA: Portzamparc raises target price to EUR 10.6 from EUR 10.1; rating 'hold' |
| * Arcadis ARDS.AS: KBC Securities raises target price to EUR 42 from EUR 35 |
| * Arcadis ARDS.AS: KBC Securities raises to 'accumulate' from 'hold' |
| * Atoss Software SE AOFG.DE: Jefferies cuts target price to EUR 115 from EUR 140 |
| * Aviva AV.L: Jefferies assumes coverage with hold vs buy rating |
| * Aviva AV.L: Jefferies assumes coverage with target price 637p vs 560p |
| * Coil SA ALCOI.PA: Portzamparc raises PT to EUR 1.5 from EUR 0.8; rating 'hold' |
| * Dbv Technologies DBV.PA:Portzamparc cuts PT to EUR 4.9 from EUR 5; rating 'accumulate' |
| * EasyJet EZJ.L: Citigroup cuts target price to 500p from 540p |
| * Endomines Finland Oyj PAMPALO.HE: Evli Research raises to buy from accumulate; adjusts target price to EUR 11 to reflect share split |
| * GSK GSK.L: Bernstein cuts target price to 2630p from 2750p |
| * GTT GTT.PA: Bernstein raises target price to EUR 245 from EUR 193 |
| * Holcim AG HOLN.S: Citigroup raises target price to CHF 83 from CHF 80 |
| * Holmen HOLMb.ST: Jefferies cuts target price to SEK 359 from SEK 376 |
| * Legal & General Group Plc LGEN.L: Jefferies cuts target price to 185p from 230p |
| * Legal & General Group Plc LGEN.L: Jefferies cuts to underperform from hold |
| * L'Oreal OREP.PA: Jefferies cuts target price to EUR 323 from EUR 326 |
| * Pennon Group Plc PNN.L: Citigroup raises target price to 656p from 636p |
| * Pharma Mar PHMR.MC: Needham raises target price to EUR 125 from EUR 118 |
| * Severn Trent SVT.L: Citigroup cuts to neutral from buy |
| * Severn Trent SVT.L: Citigroup raises target price to 3,329p from 3,211p |
| * U10 ALU10.PA: TP ICAP Midcap raises PT to EUR 1.80 from EUR 1.50; rating 'buy' |
| * Umicore SA UMI.BR: Degroof Petercam raises target price to EUR 24 from EUR 21 |
| * Umicore SA UMI.BR: Degroof Petercam raises to buy from hold |
| * United Utilities UU.L: Citigroup cuts to neutral from buy |
| * United Utilities UU.L: Citigroup raises target price to 1,525p from 1,421p |
| * Vend Marketplaces ASA VEND.OL: Jefferies cuts target price to NOK 290 from NOK 320 |
| * Wavestone WAVE.PA: Portzamparc cuts target price to EUR 62.4 from EUR 63.6; rating 'buy' |
| * Wavestone WAVE.PA: TP ICAP Midcap cuts target price to EUR 61 from EUR 63 |
| * Wavestone WAVE.PA: TP ICAP Midcap raises to 'buy' from 'hold' |
