| * 4Imprint Group FOUR.L: Barclays cuts target price to 6000p from 6700p |
| * 4Imprint Group FOUR.L: Deutsche Bank cuts target price to 6250p from 7170p |
| * Acciona Energia ANE.MC: HSBC cuts target price to EUR 20 from EUR 21 |
| * Acerinox ACX.MC: JP Morgan cuts target price to EUR 12.1 from EUR 12.2 |
| * AIB Group Plc AIBG.I: UBS raises target price to EUR 7.55 from EUR 6.45 |
| * Alfa Financial Software Holdings ALFAAL.L: Panmure Liberum raises PT to 306p from 282p |
| * ams-OSRAM AG AMS2.VI: Stifel raises target price to CHF 10 from CHF 9.5 |
| * Aperam SA APAM.AS: JP Morgan raises target price to EUR 33.10 from EUR 27.80 |
| * Aperam SA APAM.AS: JP Morgan raises to neutral from underweight |
| * ArcelorMittal SA MT.AS: JP Morgan raises target price to EUR 30.5 from EUR 23.5 |
| * ASOS Plc ASOS.L: HSBC cuts target price to 270p from 320p |
| * Babcock International BAB.L: Jefferies raises target price to 900p from 770p |
| * BAE Systems BAES.L: Jefferies raises target price to 1540p from 1360p |
| * Balfour Beatty BALF.L: UBS raises target price to 560p from 510p |
| * Berkeley Group BKGH.L: Deutsche Bank cuts target price to 4600p from 5600p |
| * Bilfinger SE GBFG.DE: HSBC cuts to hold from buy; raises PT to EUR 73 from EUR 61 |
| * Boliden BOL.ST: Morgan Stanley cuts target price to SEK 310 from SEK 315 |
| * Cab Payments Holdings Plc CABP.L: Canaccord Genuity cuts target price to 99p from 105p |
| * Chemring Group Plc CHG.L: Jefferies raises target price to 500p from 450p |
| * Coloplast COLOb.CO: JP Morgan raises to neutral from underweight |
| * Comet Holding AG COTNE.S: Berenberg cuts target price to CHF 353 from CHF 400 |
| * Compass Group CPG.L: UBS cuts target price to 3055p from 3090p |
| * Dassault Aviation AM.PA: Jefferies initiates coverage with buy rating; PT EUR 350 |
| * Deliveroo Plc ROO.L: Panmure Liberum cuts target price to 200p from 210p |
| * D'Ieteren Group SA IETB.BR: KBC Securities cuts PT to EUR 220 from EUR 225; rating buy |
| * Domino's Pizza Group DOM.L: UBS cuts target price to 380p from 390p |
| * Dr. Ing H.C. F. Porsche AG P911_p.DE: UBS cuts target price to EUR 53 from EUR 55 |
| * Eiffage FOUG.PA: JP Morgan raises target price to EUR 134 from EUR 123 |
| * ERG SpA ERG.MI: Stifel cuts target price to EUR 21.1 from EUR 27.2 |
| * Euroapi EAPI.PA: Deutsche Bank cuts target price to EUR 2.5 from EUR 3 |
| * Exosens Sas EXENS.PA: Stifel raises target price to EUR 38 from EUR 30 |
| * Flughafen Zuerich AG FHZN.S: Citigroup cuts target price to CHF 240 from CHF 245 |
| * Forterra Plc FORT.L: RBC raises target price to 220p from 210p |
| * Freenet FNTGN.DE: Barclays cuts to equal-weight from overweight |
| * Freenet FNTGn.DE: Barclays raises target price to EUR 37.5 from EUR 37 |
| * GEA Group AG G1AG.DE: Morgan Stanley raises target price to EUR 59 from EUR 54 |
| * Geberit AG GEBN.S: Berenberg raises target price to CHF 649 from CHF 604 |
| * Givaudan SA GIVN.S: Jefferies raises target price to CHF 3,500 from CHF 3,400 |
| * Halma HLMA.L: Peel Hunt raises to add from hold; raises PT to 3000p from 2500p |
| * Helios Towers HTWS.L: Jefferies cuts target price to 186p from 192p |
| * Henkel AG & Co KGaA HNKG.DE: HSBC cuts target price to EUR 93 from EUR 98 |
| * Hensoldt HAGG.DE: Jefferies initiates coverage with underperform rating; PT EUR 55 |
| * Hill & Smith Plc HILS.L: Deutsche Bank cuts target price to 2550p from 2600p |
| * Hochschild HOCM.L: Berenberg cuts target price to 200p from 210p |
| * IMCD IMCD.AS: KBC Securities raises raises PT to EUR 154 from EUR 140 |
| * IMCD IMCD.AS: KBC Securities raises to accumulate from hold |
| * Inditex ITX.MC: Deutsche Bank cuts target price to EUR 50 from EUR 52 |
| * Inditex ITX.MC: HSBC cuts target price to EUR 54 from EUR 57 |
| * Inditex ITX.MC: JP Morgan cuts target price to EUR 50 from EUR 52 |
| * Julius Baer Gruppe BAER.S: Goldman Sachs initiates coverage with buy rating; PT CHF 77 |
| * Kloeckner & Co KCOGn.DE: Deutsche Bank raises target price to EUR 8.5 from EUR 7.5 |
| * Legal & General LGEN.L: Barclays cuts target price to 320p from 330p |
| * Leonardo LDOF.MI: Deutsche Bank raises target price to EUR 46 from EUR 36 |
| * Leonardo SpA LDOF.MI: Jefferies initiates coverage with buy rating; PT EUR 52 |
| * Nichols Plc NICL.L: Deutsche Bank raises target price to 1250p from 1230p |
| * Novo Nordisk NOVOb.CO: Kepler Cheuvreux cuts PT to DKK 630 from DKK 715 |
| * Novo Nordisk NOVOb.CO: Kepler Cheuvreux raises to buy from hold |
| * Orior AG ORON.S: UBS cuts target price to CHF 21 from CHF 41.7 |
| * Orior AG ORON.S: UBS cuts to sell from neutral |
| * Outokumpu OUT1V.HE: JP Morgan raises target price to EUR 4 from EUR 2.9 |
| * Pagegroup PAGE.L: Morgan Stanley cuts target price to 300p from 330p |
| * Palfinger AG PALF.VI: Berenberg raises raises PT to EUR 32 from EUR 24 |
| * Palfinger AG PALF.VI: Berenberg raises to buy from hold |
| * Pharming Group NV: Portzamparc cuts target price to EUR 1.9 from EUR 2.2; rating buy |
| * Puma SE PUMG.DE: Exane BNP Paribas cuts target price to EUR 25 from EUR 43 |
| * Puma SE PUMG.DE: Exane BNP Paribas cuts to neutral from outperform |
| * Puma SE PUMG.DE: HSBC cuts target price to EUR 21 from EUR 44 |
| * Puma SE PUMG.DE: JP Morgan cuts target price to EUR 29 from EUR 42 |
| * Puma SE PUMG.DE: RBC cuts target price to EUR 26 from EUR 38 |
| * Puma SE PUMG.DE: Stifel cuts to hold from buy; cuts PT to EUR 25 from EUR 43 |
| * Qinetiq Group Plc QQ.L: Jefferies raises target price to 520p from 460p |
| * RENK Group AG R3NK.DE: Jefferies initiates coverage with buy rating; PT EUR 44 |
| * Rentokil Initial Plc RTO.L: Morgan Stanley cuts target price to 450p from 480p |
| * Restore Plc RSTP.L: Canaccord Genuity raises target price to 400p from 380p |
| * Rheinmetall RHMG.DE: Deutsche Bank raises target price to EUR 1300 from EUR 1040 |
| * Rheinmetall AG RHMG.DE: Jefferies initiates coverage with buy rating; PT EUR 1540 |
| * Rheinmetall AG RHMG.DE: JP Morgan raises target price to EUR 1,400 from EUR 1,200 |
| * Ryanair RYA.I: RBC raises target price to EUR 24 from EUR 23 |
| * Saab SAABb.ST: Kepler Cheuvreux cuts to reduce from hold |
| * Saab SAABb.ST: Kepler Cheuvreux raises target price to SEK 275 from SEK 245 |
| * Salzgitter AG SZGG.DE: JP Morgan raises target price to EUR 18 from EUR 14.1 |
| * Sanofi SASY.PA: HSBC raises target price to EUR 130 from EUR 110 |
| * Schindler Holding SCHP.S: Barclays raises target price to CHF 290 from CHF 270 |
| * Schneider Electric SCHN.PA: Goldman Sachs raises to buy from sell |
| * Scor SCOR.PA: UBS raises target price to EUR 28.7 from EUR 27.3 |
| * SMA Solar S92G.DE: Berenberg raises target price to EUR 22 from EUR 14 |
| * Spirax Group SPX.L: HSBC raises to buy from hold |
| * Spirax-Sarco SPX.L: Peel Hunt cuts target price to 8150p from 8300p |
| * SSAB SSABa.ST: JP Morgan raises target price to SEK 77 from SEK 58 |
| * SSAB SSABa.ST: JP Morgan raises to overweight from neutral |
| * SSAB SSABb.ST: JP Morgan raises target price to SEK 68 from SEK 51 |
| * SSAB SSABb.ST: JP Morgan raises to overweight from neutral |
| * Synthomer SYNTS.L: Berenberg cuts target price to 150p from 230p |
| * Synthomer SYNTS.L: Berenberg cuts to hold from buy |
| * Synthomer SYNTS.L: Morgan Stanley cuts target price to 150p from 195p |
| * Teleperformance TEPRF.PA: Deutsche Bank cuts target price to EUR 105 from EUR 115 |
| * Thales TCFP.PA: Jefferies cuts to hold from buy; raises PT to EUR 240 from EUR 190 |
| * ThyssenKrupp TKAG.DE: JP Morgan raises target price to EUR 6.5 from EUR 4.1 |
| * Trainline TRNT.L: Canaccord Genuity cuts target price to 485p from 500p |
| * Umicore SA UMI.BR: Goldman Sachs raises to neutral from sell |
| * Valeo VLOF.PA: Exane BNP Paribas cuts target price to EUR 10.5 from EUR 11.3 |
| * Valeo VLOF.PA: Exane BNP Paribas cuts to neutral from outperform |
| * Van Elle Holdings Plc VANL.L: Peel Hunt cuts target price to 52p from 55p |
| * Vienna Insurance Group VIGR.VI: UBS raises target price to EUR 44 from EUR 39 |
| * Vivendi SA VIV.PA: Barclays raises target price to EUR 3.4 from EUR 3.2 |
| * Voestalpine AG VOES.VI: JP Morgan raises target price to EUR 25 from EUR 16.30 |
| * Voestalpine AG VOES.VI: JP Morgan raises to neutral from underweight |
| * Volkswagen AG VOWG.DE: Berenberg raises target price to EUR 122 from EUR 112 |
| * Wacker Chemie WCHG.DE: Morgan Stanley cuts target price to EUR 110 from EUR 1 |
