| * ABN Amro Bank NV ABNd.AS: Morgan Stanley raises target price to EUR 24 from EUR 20 |
| * ABN Amro Bank NV ABNd.AS: Morgan Stanley raises to equal weight from underweight |
| * Aegon Ltd AEGN.AS: JP Morgan raises target price to EUR 7.65 from EUR 7.20 |
| * Aib Group Plc AIBG.I: Morgan Stanley raises target price to EUR 7.5 from EUR 7 |
| * Aib Group Plc AIBG.I: Morgan Stanley raises to equal weight from underweight |
| * Aramis Group Sas ARAMI.PA: Morgan Stanley raises target price to EUR 9 from EUR 8 |
| * ASM International ASMI.AS: UBS cuts target price to EUR 570 from EUR 610 |
| * ASM International ASMI.AS: UBS raises to buy from neutral |
| * Auto1 Group SE AG1G.DE: Morgan Stanley raises target price to EUR 22 from EUR 16 |
| * Babcock International BAB.L: JP Morgan raises target price to 1100p from 1000p |
| * Banco Bpm BAMI.MI: Morgan Stanley raises target price to EUR 11.8 from EUR 11 |
| * Bankinter BKT.MC: Morgan Stanley raises target price to EUR 12 from EUR 11 |
| * Barclays BARC.L: Morgan Stanley raises target price to 385p from 360p |
| * BNP Paribas BNPP.PA: Morgan Stanley raises target price to EUR 94 from EUR 87 |
| * Caixabank CABK.MC: Morgan Stanley raises target price to EUR 8.2 from EUR 7.5 |
| * Cembre SpA CEMB.MI: Berenberg raises target price to EUR 49 from EUR 46 |
| * Cerillion CER.L: Deutsche Bank raises target price to 1900p from 1550p |
| * Cranswick Plc CWK.L: Berenberg raises target price to 5,540p from 5,400p |
| * Cranswick Plc CWK.L: Deutsche Bank raises target price to 6000p from 5250p |
| * Cranswick Plc CWK.L: RBC raises target price to 5200p from 4900p |
| * Credit Agricole CAGR.PA: Morgan Stanley raises target price to EUR 20 from EUR 19 |
| * Danske Bank DANSKE.CO: Citigroup raises target price to DKK 291 from DKK 285 |
| * Deutsche Bank AG DBKGn.DE: Morgan Stanley raises target price to EUR 29.2 from EUR 26 |
| * Diploma DPLM.L: Deutsche Bank raises target price to 5300p from 5100p |
| * Diploma Plc DPLM.L: HSBC raises target price to 5350p from 5000p |
| * Diploma Plc DPLM.L: Morgan Stanley raises target price to 5,550p from 5,100p |
| * Diploma Plc DPLM.L: Peel Hunt raises target price to 5550p from 5400p |
| * DNB DNB.OL: Citigroup raises target price to NOK 260 from NOK 254 |
| * Embracer Group EMBRACb.ST: Barclays cuts target price to SEK 125 from SEK 180 |
| * Energean Plc ENOG.L: Morgan Stanley cuts target price to 1,080p from 1,100p |
| * Erste Group Bank AG ERST.VI: Morgan Stanley raises target price to EUR 85 from EUR 83 |
| * Forsee Power SA FORSE.PA: Kepler Cheuvreux cuts target price to EUR 0.57 from EUR 1.10 |
| * Forsee Power SA FORSE.PA: Kepler Cheuvreux cuts to hold from buy |
| * Fortum FORTUM.HE: Citigroup cuts to sell from neutral; cuts PT to EUR 13 from EUR 14.30 |
| * Greggs GRG.L: UBS raises target price to 2350p from 2300p |
| * H & M Hennes & Mauritz AB HMb.ST: Barclays cuts target price to SEK 138 from SEK 140 |
| * H&M HMb.ST: Deutsche Bank cuts target price to SEK 130 from SEK 135 |
| * Handelsbanken SHBa.ST: Citigroup raises target price to SEK 122 from SEK 110 |
| * Helical Plc HLCL.L: Peel Hunt raises target price to 290p from 240p |
| * Henkel HNKG_p.DE: Deutsche Bank raises target price to EUR 80 from EUR 76 |
| * Henkel HNKG_p.DE: Deutsche Bank raises to buy from hold |
| * Hensoldt AG HAGG.DE: Citigroup raises target price to EUR 85 from EUR 38.40 |
| * Hicl HICL.L: RBC cuts target price to 155p from 160p |
| * HSBC HSBA.L: Morgan Stanley raises target price to 865p from 802p |
| * ING Groep NV INGA.AS: Morgan Stanley raises target price to EUR 23 from EUR 22 |
| * Intesa Sanpaolo SpA ISP.MI: Morgan Stanley raises target price to EUR 6.2 from EUR 5.6 |
| * Intrum AB INTRUM.ST: UBS raises target price to SEK 42 from SEK 36 |
| * ITM Power Plc ITM.L: Morgan Stanley raises target price to 50p from 40p |
| * KBC Groep NV KBC.BR: Morgan Stanley raises target price to EUR 104 from EUR 96 |
| * Land Securities LAND.L: Kepler Cheuvreux raises target price to 670p from 640p |
| * Land Securities LAND.L: Kepler Cheuvreux raises to buy from hold |
| * Lloyds LLOY.L: Morgan Stanley raises target price to 95p from 90p |
| * Marks and Spencer Group MKS.L: Peel Hunt cuts to hold from buy |
| * Marks and Spencer Group MKS.L: Peel Hunt cuts target price to 360p from 450p |
| * Munich Re MUVGn.DE: RBC raises target price to EUR 572 from EUR 559 |
| * National Grid Plc NG.L: Deutsche Bank raises target price to 1150p from 1050p |
| * Nordea NDAFI.HE: Citigroup raises target price to EUR 15 from EUR 14.90 |
| * Nordea NDAFI.HE: Kepler Cheuvreux cuts to reduce from buy |
| * Nordea NDAFI.HE: Kepler Cheuvreux raises target price to EUR 12.7 from EUR 12.4 |
| * Nordea NDAFI.HE: Morgan Stanley raises target price to EUR 14.6 from EUR 14.5 |
| * Phoenix PHNX.L: Citigroup raises to buy from neutral; raises target to 730p from 537p |
| * Prs REIT PRSR.L: Barclays raises target price to 115p from 102p |
| * Rockwool ROCKb.CO: Barclays raises target price to DKK 330 from DKK 300 |
| * Rockwool ROCKb.CO: JP Morgan raises target price to DKK 320 from DKK 311 |
| * Rockwool ROCKb.CO: Morgan Stanley raises target price to DKK 325 from DKK 300 |
| * Ryanair RYA.I: Bernstein raises target price to EUR 27 from EUR 23 |
| * Ryanair RYA.I: UBS raises target price to EUR 27.4 from EUR 25.5 |
| * Santander SAN.MC: Morgan Stanley raises target price to EUR 8.3 from EUR 8 |
| * Scandinavian Tobacco Group STOGR.CO: Deutsche Bank cuts target to DKK 90 from DKK 103 |
| * SEB AB SEBa.ST: Citigroup raises target price to SEK 177 from SEK 154 |
| * SEB AB SEBa.ST: Kepler Cheuvreux cuts to hold from buy |
| * SEB AB SEBa.ST: Kepler Cheuvreux raises target price to SEK 168 from SEK 164 |
| * SFC Energy AG F3CG.DE: Berenberg raises target price to EUR 27 from EUR 25 |
| * Societe Generale SA SOGN.PA: Morgan Stanley raises target price to EUR 62 from EUR 56 |
| * SSP Group Plc SSPG.L: Morgan Stanley raises target price to 210p from 200p |
| * Standard Chartered Plc STAN.L: Morgan Stanley raises target price to 1,168p from 1,092p |
| * Suedzucker AG SZUG.DE: Barclays raises target price to EUR 10 from EUR 9.5 |
| * Swedbank SWEDa.ST: Citigroup raises target price to SEK 262 from SEK 243 |
| * Swiss Life Holding AG SLHN.S: Berenberg raises target price to CHF 850 from CHF 805 |
| * Swiss Re AG SRENH.S: Morgan Stanley cuts target price to CHF 143 from CHF 145 |
| * Telecom Italia TLIT.MI: HSBC raises target price to EUR 0.43 from EUR 0.37 |
| * Terna TRN.MI: JP Morgan raises target price to EUR 9.25 from EUR 7.85 |
| * Terveystalo Oyj TTALO.HE: Inderes cuts to reduce from accumulate; target price EUR 12.5 |
| * Unibail-Rodamco-Westfield URW.PA: Barclays raises target price to EUR 110 from EUR 100 |
| * Unicaja UNI.MC: Morgan Stanley raises target price to EUR 1.70 from EUR 1.55 |
| * Unicredit CRDI.MI: Morgan Stanley raises target price to EUR 62 from EUR 58 |
| * Uniqa Insurance Group AG UNIQ.VI: Berenberg initiates coverage with buy rating |
| * Uniqa Insurance Group AG UNIQ.VI: Berenberg initiates coverage with target EUR 14.50 |
| * Vat Group AG VACN.S: Deutsche Bank raises target price to CHF 290 from CHF 270 |
| * Vat Group AG VACN.S: Jefferies raises target price to CHF 290 from CHF 270 |
| * Vestas VWS.CO: Citigroup cuts target price to DKK 190 from DKK 220 |
