| * AAK AAK.ST: UBS cuts target price to SEK 310 from SEK 315 |
| * Arcadis NV ARDS.AS: UBS cuts target price to EUR 40 from EUR 70.5 |
| * Arcadis NV ARDS.AS: UBS cuts to neutral from buy |
| * Bunzl BNZL.L: Morgan Stanley cuts target price to 2,550p from 2,900p |
| * Computacenter Plc CCC.L: Peel Hunt cuts to hold from buy |
| * Computacenter Plc CCC.L: Peel Hunt raises target price to 3,000p from 2,716p |
| * Croda CRDA.L: Morgan Stanley cuts target price to 3,030p from 3,050p |
| * Essilorluxottica ESLX.PA: UBS cuts target price to EUR 352 from EUR 355 |
| * Essity ESSITYb.ST: Jefferies cuts target price to SEK 253 from SEK 267 |
| * Foresight Solar Fund Ltd FSFL.L: Jefferies cuts to hold from buy |
| * Hapag-Lloyd HLAG.DE: Barclays raises target price to EUR 94 from EUR 92 |
| * Heineken NV HEIN.AS: Jefferies cuts target price to EUR 95 from EUR 100 |
| * Hermes HRMS.PA: JP Morgan cuts target price to EUR 2350 from EUR 2400 |
| * Huhtamaki Oyj HUH1V.HE: UBS cuts target price to EUR 37 from EUR 38 |
| * Integrafin Holdings Plc IHPI.L: RBC raises target price to 450p from 440p |
| * Jet2 Plc JET2.L: Barclays raises target price to 2125p from 2080p |
| * Magnum ICE Cream Company NV MICCT.AS: Kepler Cheuvreux initiates coverage with buy rating |
| * Magnum ICE Cream Company NV MICCT.AS: Kepler Cheuvreux initiates coverage with price target EUR 16.30 |
| * Mondi MNDI.L: BofA Global Research cuts price objective to 1,110p from 1,150p |
| * Rieter RIEN.S: UBS cuts target price to CHF 3.3 from CHF 11.9 |
| * Rieter RIEN.S: UBS cuts to neutral from buy |
| * Sanofi SASY.PA: Berenberg cuts target price to EUR 105 from EUR 110 |
| * SCA AB SCAb.ST: BofA Global Research cuts price objective to SEK 121 from SEK 141 |
| * Schweiter Technologies SWTQ.S: UBS cuts target price to CHF 240 from CHF 250 |
| * Schweiter Technologies AG SWTQ.S: Baader Helvea cuts target price to CHF 229 from CHF 456 |
| * Schweiter Technologies AG SWTQ.S: Baader Helvea cuts to reduce from add |
| * Siemens Healthineers AG SHLG.DE: Barclays cuts target price to EUR 61 from EUR 61.5 |
| * Smurfit Westrock Plc SWR.L: BofA Global Research cuts price objective to 4059p from 4215p |
| * Straumann STMN.S: UBS cuts target price to CHF 96 from CHF 99 |
| * Straumann Holding AG STMN.S: Barclays cuts target price to CHF 120 from CHF 122 |
| * ThyssenKrupp Nucera AG & Co KGaA NCH2.DE: Berenberg cuts PT to EUR 9 from EUR 10 |
| * UPM UPM.HE: BofA Global Research cuts price objective to EUR 19 from EUR 21 |
| * Volution Group Plc FAN.L: RBC raises target price to 780p from 765p |
| * Wartsila WRT1V.HE: Alphavalue raises to add from sell |
| * WH Smith Plc SMWH.L: JP Morgan cuts target price to 750p from 800p |
