| * Aena AENA.MC: Jefferies raises target price to EUR 24 from EUR 21.4 |
| * AIA AIAr.AT: Deutsche Bank raises target price to EUR 11.5 from EUR 11 |
| * Air France-KLM AIRF.PA: Deutsche Bank cuts target price to EUR 11 from EUR 12 |
| * Airbus SE AIR.PA: Goldman Sachs initiates coverage with buy rating; PT EUR 230 |
| * Allegro ALEP.WA: Barclays raises target price to PLN 37 from PLN 30 |
| * ASML Holding NV ASML.AS: BofA Global Research raises PT to EUR 941 from EUR 724 |
| * Aumovio AMV0n.DE: Deutsche Bank initiates coverage with buy rating and PT EUR 50 |
| * Aumovio SE AMV0n.DE: JP Morgan initiates coverage with overweight rating |
| * Aumovio SE AMV0n.DE: JP Morgan initiates coverage with price target EUR 52 |
| * Aumovio SE AMV0n.DE: UBS initiates coverage with buy rating and target price EUR 44 |
| * Avantium NV AVTX.AS: Stifel cuts target price to EUR 20 from EUR 49 |
| * BAE Systems BAES.L: Goldman Sachs initiates coverage with buy rating; PT 2270p |
| * Bakkavor BAKK.L: RBC cuts to sector perform from outperform |
| * Bakkavor BAKK.L: RBC raises target price to 230p from 200p |
| * Befesa BFSA.DE: UBS initiates coverage with buy rating and target price EUR 44 |
| * Brederode SA BREL.LU: KBC Securities cuts to 'hold' from 'accumulate' |
| * Brederode SA BREL.LU: KBC Securities target price EUR 125 |
| * Cellnex CLNX.MC: Citigroup raises to buy from neutral |
| * Continental AG CONG.DE: UBS cuts target price to EUR 80 from EUR 100 |
| * Continental AG CONG.DE: BofA Global Research cuts PT to EUR 73 from EUR 97 |
| * Continental AG CONG.DE: Deutsche Bank cuts target price to EUR 63 from EUR 80 |
| * Cucinelli BCU.MI: JP Morgan initiates coverage with overweight rating |
| * Cucinelli BCU.MI: JP Morgan initiates coverage with target price EUR 125 |
| * Dassault Aviation SA AM.PA: Goldman Sachs initiates coverage with price target EUR 270 |
| * Dassault Aviation SA AM.PA: Goldman Sachs initiates coverage with sell rating |
| * DHL Group DHLn.DE: Deutsche Bank cuts target price to EUR 42 from EUR 47 |
| * DHL Group DHLn.DE: Deutsche Bank cuts to hold from buy |
| * DSV DSV.CO: Deutsche Bank cuts target price to DKK 1686 from DKK 1770 |
| * EasyJet EZJ.L: Deutsche Bank cuts target price to 535p from 600p |
| * Ferrovial FER.MC: Deutsche Bank raises target price to EUR 52.5 from EUR 48 |
| * Flsmidth FLS.CO: Jefferies raises target price to DKK 510 from DKK 440 |
| * Flughafen Zurich AG FHZN.S: Deutsche Bank raises target price to CHF 215 from CHF 200 |
| * Foresight Solar Fund Ltd FSFL.L: RBC cuts target price to 90p from 95p |
| * Fraport AG FRAG.DE: Deutsche Bank raises target price to EUR 60 from EUR 50 |
| * FUGRO NV FUGR.AS: Alphavalue cuts to add from buy |
| * Gamma Communications Plc GAMA.L: Citigroup cuts target price to 1420p from 1470p |
| * Groupe ADP ADP.PA: Deutsche Bank cuts target price to EUR 105 from EUR 115 |
| * H&M HMb.ST: Inderes cuts to sell from reduce; target price SEK 130 |
| * Helios Towers Plc HTWS.L: Deutsche Bank cuts target price to 245p from 255p |
| * K+S SDFGn.DE: JP Morgan cuts target price to EUR 13 from EUR 15 |
| * Kitwave Group Plc KITW.L: Peel Hunt initiates coverage with hold rating |
| * Kitwave Group Plc KITW.L: Peel Hunt initiates coverage with target price 255p |
| * Kuehne+Nagel KNIN.S: Deutsche Bank cuts target price to CHF 182 from CHF 225 |
| * Kuehne+Nagel KNIN.S: Deutsche Bank cuts to hold from buy |
| * Leonardo SpA LDOF.MI: Goldman Sachs initiates coverage with neutral rating |
| * Leonardo SpA LDOF.MI: Goldman Sachs initiates coverage with price target EUR 50 |
| * M&C Saatchi SAA.L: Deutsche Bank cuts target price to 220p from 248p |
| * Man Group Plc EMG.L: UBS raises target price to 194p from 170p |
| * Man Group Plc EMG.L: UBS raises to buy from neutral |
| * Medios AG ILM1k.DE: Berenberg cuts target price to EUR 25 from EUR 32 |
| * Melrose Industries MRON.L: Goldman Sachs initiates coverage with buy rating |
| * Melrose Industries MRON.L: Goldman Sachs initiates coverage with target price 730p |
| * Mercedes-Benz Group AG MBGn.DE: Berenberg cuts target price to EUR 56 from EUR 58 |
| * Metso METSO.HE: Jefferies raises target price to EUR 12.6 from EUR 11 |
| * MTU Aero Engines AG MTXGn.DE: Goldman Sachs initiates coverage with neutral rating |
| * MTU Aero Engines AG MTXGn.DE: Goldman Sachs initiates coverage with PT EUR 350 |
| * Nanobiotix SA NANOB.PA: H.C. Wainwright raises target price to EUR 13 from EUR 10 |
| * Next NXT.L: UBS raises target price to 14500p from 14200p |
| * Norma Group SE NOEJ.DE: Baader Helvea raises target price to EUR 22 from EUR 16 |
| * NTG Nordic Transport Group As NTGNT.CO: Berenberg cuts PT to DKK 306 from DKK 400 |
| * Ocado OCDO.L: JP Morgan cuts target price to 356p from 437p |
| * OVS SpA OVS.MI: Equita cuts to hold rating |
| * Pets at Home PETSP.L: Deutsche Bank cuts target price to 215p from 275p |
| * Redeia REDE.MC: Jefferies cuts to hold from buy; cuts PT to EUR 18 from EUR 20.8 |
| * Renault RENA.PA: Berenberg cuts target price to EUR 45 from EUR 48 |
| * Renk Group AG R3NK.DE: Goldman Sachs initiates coverage with neutral rating |
| * Renk Group AG R3NK.DE: Goldman Sachs initiates coverage with price target EUR 70 |
| * Rheinmetall AG RHMG.DE: Goldman Sachs initiates coverage with buy rating |
| * Rheinmetall AG RHMG.DE: Goldman Sachs initiates coverage with price target EUR 2200 |
| * Rolls Royce RR.L: Goldman Sachs initiates coverage with buy rating; PT 1,290p |
| * Safran SAF.PA: Goldman Sachs initiates coverage with buy rating; target price EUR 340 |
| * Sainsbury (J) Plc SBRY.L: Barclays raises target price to 350p from 320p |
| * SIG Group AG SIGNC.S: Deutsche Bank cuts target price to CHF 20 from CHF 26 |
| * SIG Group AG SIGNC.S: Jefferies cuts target price to CHF 12 from CHF 18.8 |
| * SSP Group Plc SSPG.L: UBS raises to neutral from sell |
| * Stellantis NV STLAM.MI: Berenberg raises target price to EUR 9.5 from EUR 9 |
| * Stellantis NV STLAM.MI: Berenberg raises to buy from hold |
| * Storebrand STB.OL: Jefferies raises target price to NOK 140 from NOK 115 |
| * Thales TCFP.PA: Goldman Sachs initiates coverage with sell rating; PT EUR 240 |
| * Unipol UNPI.MI: Barclays raises target price to EUR 19 from EUR 18.5 |
| * Victrex Plc VCTX.L: Jefferies cuts to hold from buy; cuts PT to 650p from 830p |
| * Vinci SA SGEF.PA: Deutsche Bank cuts target price to EUR 130 from EUR 138 |
| * Volkswagen AG VOWG.DE: Berenberg raises target price to EUR 113 from EUR 112 |
| * Weir Group WEIR.L: Jefferies raises target price to 3160p from 3010p |
| * Wickes Group Plc WIX.L: Jefferies initiates coverage with buy rating; PT 275p |
| * Wizz Air WIZZ.L: Deutsche Bank cuts target price to 1400p from 1500p |
| * Wizz Air WIZZ.L: Deutsche Bank cuts to hold from buy |
