| * Acast ACAST.ST: Barclays raises target price to SEK 31 from SEK 24 |
| * Adyen ADYEN.AS: Deutsche Bank raises target price to EUR 1760 from EUR 1700 |
| * Aena Sme SA AENA.MC: UBS raises target price to EUR 27 from EUR 26.8 |
| * Afry AB AFRY.ST: Jefferies cuts target price to SEK 210 from SEK 240 |
| * Air Liquide AIRP.PA: UBS raises target price to EUR 205 from EUR 200 |
| * Akzo Nobel AKZO.AS: UBS raises target price to EUR 63 from EUR 62 |
| * Allfunds Group Plc ALLFG.AS: UBS raises target price to EUR 7.8 from EUR 7.5 |
| * Amplifon SpA AMPF.MI: Barclays cuts target price to EUR 19.5 from EUR 20.5 |
| * Anheuser-Busch Inbev ABI.BR: Barclays raises PT to EUR 88 from EUR 85 |
| * Anheuser-Busch Inbev ABI.BR: Deutsche Bank raises PT to EUR 64 from EUR 63 |
| * Arcadis NV ARDS.AS: Jefferies cuts target price to EUR 60 from EUR 62 |
| * Argenx ARGX.BR: Barclays raises target price to EUR 850 from EUR 700 |
| * Argenx SE ARGX.BR: TD Cowen raises target price to EUR 990.88 from EUR 700.65 |
| * Aston Martin Lagonda AML.L: Deutsche Bank cuts PT to 80p from 85p |
| * Avolta AG AVOL.S: JP Morgan cuts target price to CHF 46 from CHF 47 |
| * Banco Santander SA SAN.MC: Barclays raises target price to EUR 10.1 from EUR 10 |
| * Barratt Redrow BTRW.L: UBS cuts target price to 470p from 565p |
| * Basic-Fit NV BFIT.AS: Citigroup raises target price to EUR 35 from EUR 32 |
| * BNP Paribas SA BNPP.PA: Barclays cuts target price to EUR 79 from EUR 80 |
| * Bucher BUCN.S: UBS cuts target price to CHF 395 from CHF 419 |
| * Bechtle AG BC8G.DE: Alphavalue cuts target price to EUR 43.8 from EUR 51 |
| * Campari Group CPRI.MI: Deutsche Bank raises target price to EUR 6.2 from EUR 5.9 |
| * Camurus AB CAMX.ST: Van Lanschot Kempen raises target price to SEK 1,000 from SEK 950 |
| * Carlsberg As-B CARLb.CO: Barclays raises target price to DKK 756 from DKK 738 |
| * Clariant AG CLN.S: Berenberg cuts target price to CHF 8 from CHF 8.8 |
| * Covestro AG 1COVG.DE: Berenberg raises target price to EUR 61 from EUR 59.40 |
| * Credit Agricole SA CAGR.PA: Barclays cuts target price to EUR 18.9 from EUR 19.2 |
| * Dampskibsselskabet Norden A/S DNORD.CO: Kepler Cheuvreux raises PT to DKK 278 from DKK 274 |
| * Dampskibsselskabet Norden A/S DNORD.CO: Kepler Cheuvreux cuts to hold from buy |
| * Danone DANO.PA: Jefferies raises target price to EUR 88 from EUR 84 |
| * Deutsche Lufthansa AG LHAG.DE: Citigroup raises PT to EUR 7.60 from EUR 7.30 |
| * Deutsche Pfandbriefbank PBBG.DE: Deutsche Bank cuts PT to EUR 5 from EUR 6 |
| * Drax Group DRX.L: UBS initiates coverage with sell rating and target price 600p |
| * DSM DSFIR.AS: UBS cuts target price to EUR 100 from EUR 106 |
| * Dsm-Firmenich DSFIR.AS: Barclays cuts target price to EUR 102 from EUR 105 |
| * Electrolux ELUXb.ST: Barclays raises target price to SEK 48 from SEK 47 |
| * Electrolux ELUXb.ST: Deutsche Bank raises target price to SEK 65 from SEK 60 |
| * Elis SA ELIS.PA: UBS raises target price to EUR 29.4 from EUR 29.1 |
| * Epiroc AB EPIRa.ST: Morgan Stanley cuts target price to SEK 200 from SEK 202 |
| * Equinor EQNR.OL: Barclays cuts target price to NOK 230 from NOK 325 |
| * Equinor EQNR.OL: Barclays cuts to underweight from equal-weight |
| * Essentra ESNT.L: Deutsche Bank cuts target price to 165p from 175p |
| * Eutelsat ETL.PA: Alphavalue raises to add from reduce |
| * Fluidra FLUI.MC: Barclays raises target price to EUR 27 from EUR 26 |
| * Fluidra FLUI.MC: Citigroup raises target price to EUR 25.40 from EUR 24 |
| * Fluidra S.A. FLUI.MC: UBS raises target price to EUR 31 from EUR 28 |
| * Galenica GALE.S: Deutsche Bank raises target price to CHF 81 from CHF 78 |
| * Galp Energia GALP.LS: Barclays raises target price to EUR 23 from EUR 20 |
| * Galp Energia GALP.LS: Barclays raises to overweight from equal-weight |
| * Grafton Group GFTU_u.L: RBC cuts target price to 1190p from 1220p |
| * GSK GSK.L: UBS raises target price to 1900p from 1600p |
| * Hellofresh SE HFGG.DE: Morgan Stanley cuts target price to EUR 8.3 from EUR 9 |
| * Hochschild Mining HOCM.L: Barclays cuts target price to 440p from 500p |
| * ING INGA.AS: UBS raises target price to EUR 25 from EUR 24 |
| * Intercontinental Hotels Group Plc IHG.L: Barclays raises PT to 9630p from 9625p |
| * Intrum AB INTRUM.ST: Kepler Cheuvreux cuts target price to SEK 46 from SEK 50 |
| * Intrum AB INTRUM.ST: Kepler Cheuvreux raises to hold from reduce |
| * Italy'S Prysmian PRY.MI: JP Morgan cuts target price to EUR 93 from EUR 94 |
| * Kion KGX.DE: Deutsche Bank raises target price to EUR 66 from EUR 65 |
| * Kion KGX.DE: UBS raises target price to EUR 70 from EUR 65 |
| * Kion Group AG KGX.DE: Bernstein raises target price to EUR 66 from EUR 62 |
| * Knorr Bremse AG KBX.DE: Berenberg cuts target price to EUR 94 from EUR 96 |
| * Kongsberg Gruppen KOG.OL: Kepler Cheuvreux cuts target price to NOK 252 from NOK 298 |
| * Kongsberg Gruppen KOG.OL: Kepler Cheuvreux raises to hold from reduce |
| * Krones AG KRNG.DE: Baader Europe cuts target price to EUR 171 from EUR 175 |
| * Medincell SA MEDCL.PA: Jefferies raises target price to EUR 50 from EUR 22 |
| * Novartis AG NOVN.S: Morgan Stanley raises target price to CHF 110 from CHF 108 |
| * Novartis AG NOVN.S: Morgan Stanley raises to overweight from equal weight |
| * Pluxee PLX.PA: UBS cuts target price to EUR 19 from EUR 22 |
| * Prudential PRU.L: Jefferies raises target price to 1500p from 1350p |
| * Puig PUIGb.MC: Jefferies raises target price to EUR 21.3 from EUR 21 |
| * Puma SE PUMG.DE: Jefferies cuts target price to EUR 20 from EUR 22 |
| * Puma SE PUMG.DE: JP Morgan cuts target price to EUR 15 from EUR 16 |
| * Puma SE PUMG.DE: Morgan Stanley cuts target price to EUR 20.5 from EUR 21 |
| * Puma SE PUMG.DE: TD Cowen cuts target price to EUR 16 from EUR 18 |
| * Rémy Cointreau RCOP.PA: Barclays cuts target price to EUR 35 from EUR 46 |
| * Remy Cointreau RCOP.PA: Bernstein cuts target price to EUR 67 from EUR 74 |
| * Remy Cointreau RCOP.PA: Deutsche Bank cuts target price to EUR 31 from EUR 41 |
| * Remy Cointreau RCOP.PA: Jefferies cuts target price to EUR 55 from EUR 65 |
| * Renk Group AG R3NK.DE: Citigroup raises target price to EUR 65 from EUR 64 |
| * Renk Group AG R3NK.DE: Citigroup raises to neutral from sell |
| * Repsol REP.MC: Bernstein raises target price to EUR 16.50 from EUR 14.25 |
| * Repsol REP.MC: HSBC raises target price to EUR 15 from EUR 13.5 |
| * Sainsbury SBRY.L: Citigroup raises target price to 338p from 300p |
| * Saint-Gobain SGOB.PA: JP Morgan cuts target price to EUR 110 from EUR 115 |
| * Saint-Gobain SGOB.PA: RBC cuts target price to EUR 105 from EUR 109 |
| * Sap SE SAPG.DE: Morgan Stanley raises target price to EUR 300 from EUR 295 |
| * Schindler Holding AG SCHP.S: Morgan Stanley raises PT to CHF 269 from CHF 264 |
| * Schneider Electric SCHN.PA: UBS raises target price to EUR 285 from EUR 280 |
| * Scout24 SE G24n.DE: Morgan Stanley raises target price to EUR 114 from EUR 107 |
| * Shell SHEL.L: TD Cowen raises target price to 3064p from 2989p |
| * Shell SHEL.L: UBS raises target price to 3200p from 3050p |
| * Shell Plc SHEL.L: HSBC raises target price to 3080p from 2950p |
| * Smurfit Westrock SWR.L: Deutsche Bank cuts target price to 3600p from 3750p |
| * Societe Generale SA SOGN.PA: Barclays raises target price to EUR 65 from EUR 64 |
| * Scout24 SE G24n.DE: RBC raises target price to EUR 130 from EUR 125 |
| * Standard Chartered Bank STAN.L: Morgan Stanley raises PT to 1718p from 1654p |
| * Standard Chartered Plc STAN.L: Barclays raises target price to 1600p from 1400p |
| * Stratec SE SBSG.DE: Berenberg cuts target price to EUR 46 from EUR 51 |
| * Straumann STMN.S: Deutsche Bank raises target price to CHF 122 from CHF 99 |
| * Straumann STMN.S: Deutsche Bank raises to buy from hold |
| * Totalenergies TTEF.PA: UBS raises target price to EUR 58 from EUR 56 |
| * Trevi Finanziaria Industriale SpA TFI.MI: Kepler Cheuvreux cuts to reduce from buy |
| * Troax Group AB (Publ) TROAX.ST: Berenberg cuts target price to SEK 190 from SEK 200 |
| * UBS UBSG.S: Deutsche Bank raises target price to CHF 37 from CHF 36 |
| * Valeo SE VLOF.PA: Morgan Stanley raises target price to EUR 12.2 from EUR 11.3 |
| * Virbac SA VIRB.PA: Kepler Cheuvreux raises target price to EUR 415 from EUR 390 |
| * Virbac SA VIRB.PA: Kepler Cheuvreux raises to buy from hold |
| * Volkswagen AG VOWG.DE: Bernstein raises target price to EUR 88 from EUR 87 |
| * Wartsila Oyj Abp WRT1V.HE: Morgan Stanley raises PT to EUR 23.5 from EUR 21.4 |
| * Wavestone WAVE.PA: Portzamparc cuts PT to EUR 52.5 from EUR 63.2; rating "hold" |
| * Whitbread Plc WTB.L: Barclays raises target price to 3250p from 3020p |
| * WPP WPP.L: Barclays cuts target price to 325p from 385p |
| * WPP WPP.L: Bernstein cuts target price to 440p from 480p |
| * WPP WPP.L: BofA Global Research cuts price objective to 250p from 360p |
| * WPP WPP.L: UBS cuts target price to 280p from 360p |
| * WPP Group WPP.L: Deutsche Bank cuts target price to 510p from 550p |
| * WPP Plc WPP.L: Morgan Stanley cuts target price to 410p from 450p |
