| * Acciona Energia ANE.MC: Bernstein cuts target price to EUR 19.2 from EUR 24.4 |
| * Acciona Energia ANE.MC: Bernstein cuts to market perform from outperform |
| * Adidas AG ADSGn.DE: BofA Global Research cuts price objective to EUR 260 from EUR 274 |
| * Adidas AG ADSGn.DE: BofA Global Research raises to buy from neutral |
| * Aedifica AOO.BR: Barclays cuts target price to EUR 60 from EUR 64 |
| * Aena AENA.MC: Morgan Stanley cuts target price to EUR 232 from EUR 244 |
| * Allianz SE ALVG.DE: Morgan Stanley cuts target price to EUR 321 from EUR 326 |
| * Anheuser Busch Inbev SA ABI.BR: Bernstein raises target price to EUR 79 from EUR 69 |
| * ASMI ASMI.AS: ING cuts target price to EUR 750 from EUR 800 |
| * ASML Holding NV ASML.AS: Morgan Stanley cuts target price to EUR 640 from EUR 680 |
| * Asos Plc ASOS.L: JP Morgan cuts target price to 270p from 280p |
| * Assa Abloy ASSAb.ST: Barclays cuts target price to SEK 266 from SEK 288 |
| * Athens International Airport SA AIAr.AT:Morgan Stanley cuts PT to EUR 9.5 from EUR 9.6 |
| * Attendo AB (Publ) ATTE.ST: Kepler Cheuvreux raises target price to SEK 70 from SEK 63 |
| * Aubay SA AUBT.PA: Bernstein cuts target price to EUR 56 from EUR 57 |
| * Azelis AZE.BR: Degroof Petercam cuts target price to EUR 19 from EUR 23 |
| * Baloise Holding AG BALN.S: Berenberg raises target price to CHF 226.40 from CHF 172.50 |
| * Baloise Holding AG BALN.S: Berenberg raises to buy from hold |
| * BE Semiconductor Industries BESI.AS: Barclays cuts PT to EUR 125 from EUR 140 |
| * BE Semiconductor Industries BESI.AS: UBS cuts target price to EUR 126.9 from EUR 141.4 |
| * BESI BESI.AS: Kepler Cheuvreux cuts target price to EUR 104 from EUR 124 |
| * Boliden BOL.ST: JP Morgan cuts target price to SEK 300 from SEK 315 |
| * Boliden BOL.ST: Kepler Cheuvreux cuts target price to SEK 370 from SEK 430 |
| * Boliden BOL.ST: UBS cuts target price to SEK 290 from SEK 300 |
| * Boliden AB BOL.ST: Deutsche Bank cuts target price to SEK 330 from SEK 350 |
| * Campari CPRI.MI: Bernstein raises target price to EUR 11 from EUR 9.60 |
| * Carlsberg CARLb.CO: Bernstein raises target price to DKK 1280 from DKK 1050 |
| * Cibus Nordic Real Estate AB (Publ) CIBUS.ST: Kepler Cheuvreux raises PT to SEK 180 from SEK 175 |
| * Commerzbank CBKG.DE: Deutsche Bank raises target price to EUR 26 from EUR 22 |
| * Compagnie Financiere Richemont SA CFR.S: Stifel cuts PT to CHF 160 from CHF 180 |
| * Croda CRDA.L: Deutsche Bank cuts target price to 3400p from 4000p |
| * Danone DANO.PA: Barclays raises target price to EUR 82 from EUR 78 |
| * Danone DANO.PA: HSBC cuts target price to EUR 71 from EUR 73 |
| * Danone DANO.PA: Morgan Stanley cuts target price to EUR 78 from EUR 80 |
| * Danone DANO.PA: Stifel raises target price to EUR 78 from EUR 74 |
| * DCC Plc DCC.L: HSBC cuts target price to 6020p from 7170p |
| * DCC Plc DCC.L: Stifel cuts target price to 7,200p from 7,500p |
| * Diageo DGE.L: Bernstein raises target price to 2850p from 2475p |
| * Ecoener ECNER.MC: Bernstein cuts target price to EUR 5 from EUR 5.5 |
| * Ecoener ECNER.MC: Bernstein cuts to market perform from outperform |
| * EDP EDP.LS: Deutsche Bank cuts target price to EUR 3.3 from EUR 3.4 |
| * Edpr EDPR.LS: Deutsche Bank cuts target price to EUR 9 from EUR 10.5 |
| * Elia Group SA ELI.BR: Kepler Cheuvreux reinitiates coverage with buy rating |
| * Elia Group SA ELI.BR: Kepler Cheuvreux reinitiates coverage with price target EUR 120 |
| * Essilorluxottica ESLX.PA: UBS cuts target price to EUR 256 from EUR 272 |
| * Essilorluxottica SA ESLX.PA: Kepler Cheuvreux cuts target price to EUR 262 from EUR 275 |
| * Essilorluxottica SA ESLX.PA: Morgan Stanley cuts target price to EUR 290 from EUR 300 |
| * Eurofins Scientific SE EUFI.PA: Berenberg raises target price to EUR 54 from EUR 53 |
| * Eurofins Scientific SE EUFI.PA: Kepler Cheuvreux raises PT to EUR 68 from EUR 64 |
| * Evolution EVOG.ST: Citigroup cuts target price to SEK 1,495 from SEK 1,530 |
| * Evotec EVTG.DE: Deutsche Bank raises target price to EUR 7 from EUR 4 |
| * Evotec EVTG.DE: Deutsche Bank raises to hold from sell |
| * Flughafen Zurich AG FHZN.S: Morgan Stanley cuts target price to CHF 202 from CHF 215 |
| * Fnac Darty SA FNAC.PA: Kepler Cheuvreux cuts target price to EUR 38 from EUR 42 |
| * Fraport AG Frankfurt Airport FRAG.DE: Morgan Stanley cuts PT to EUR 70 from EUR 73 |
| * Givaudan GIVN.S: Barclays cuts target price to CHF 3750 from CHF 3800 |
| * Grenergy GREG.MC: Bernstein cuts to market perform from outperform |
| * Grenergy GREG.MC: Bernstein raises target price to EUR 44.1 from EUR 43 |
| * Heidelberg Materials HEIG.DE: Citigroup raises target price to EUR 160 from EUR 145 |
| * Hikma HIK.L: Peel Hunt cuts target price to 2,170p from 2,290p |
| * Hochschild Mining HOCM.L: Barclays cuts target price to 375p from 385p |
| * Hugo Boss BOSSn.DE: Deutsche Bank cuts target price to EUR 43 from EUR 45 |
| * Investor INVEb.ST: Kepler Cheuvreux cuts target price to SEK 314 from SEK 344 |
| * Kering PRTP.PA: Deutsche Bank cuts target price to EUR 177 from EUR 205 |
| * Kering PRTP.PA: Jefferies cuts target price to EUR 170 from EUR 210 |
| * Kering PRTP.PA: JP Morgan cuts target price to EUR 150 from EUR 195 |
| * Kering PRTP.PA: Kepler Cheuvreux cuts target price to EUR 240 from EUR 250 |
| * Kering PRTP.PA: Morgan Stanley cuts target price to EUR 200 from EUR 235 |
| * Kering PRTP.PA: TD Cowen cuts target price to EUR 175 from EUR 260 |
| * Kering PRTP.PA: UBS cuts target price to EUR 158 from EUR 195 |
| * KPN KPN.AS: KBC Securities cuts to "hold" from "buy"; target price EUR 4.2 |
| * Krones KRNG.DE: Deutsche Bank raises target price to EUR 162 from EUR 161 |
| * L'Oreal OREP.PA: Berenberg cuts target price to EUR 374 from EUR 385 |
| * Lottomatica Group SpA LTMC.MI: JP Morgan raises target price to EUR 23.5 from EUR 21 |
| * LVMH LVMH.PA: HSBC cuts target price to EUR 575 from EUR 700 |
| * LVMH LVMH.PA: HSBC cuts to hold from buy |
| * Melexis NV MLXS.BR: ING cuts target price to EUR 55 from EUR 62 |
| * MFE-Mediaforeurope NV MFEB.MI: Kepler Cheuvreux cuts target price to EUR 4 from EUR 4.35 |
| * Moncler MONC.MI: HSBC cuts target price to EUR 60 from EUR 66 |
| * Moncler MONC.MI: HSBC cuts to hold from buy |
| * Nemetschek SE NEKG.DE: Citigroup cuts target price to EUR 126 from EUR 132 |
| * Nestle SA NESN.S: RBC cuts target price to CHF 88 from CHF 93 |
| * OCI NV OCI.AS: HSBC raises target price to EUR 7.7 from EUR 7.37 |
| * Opmobility OPM.PA: Deutsche Bank cuts target price to EUR 12 from EUR 14 |
| * Partners Group Holding AG PGHN.S: Kepler Cheuvreux raises PT to CHF 1200 from CHF 1170 |
| * Partners Group Holding AG PGHN.S: Kepler Cheuvreux raises to hold from reduce |
| * Picton Property Income Ltd PCTN.L: Peel Hunt raises target price to 80p from 70p |
| * Polar Capital Holdings Plc POLR.L: RBC cuts target price to 410p from 530p |
| * Prudential PRU.L: JP Morgan raises target price to 1000p from 950p |
| * Prudential Plc PRU.L: Morgan Stanley cuts target price to 960p from 980p |
| * Puma SE PUMG.DE: JP Morgan cuts target price to EUR 26 from EUR 29 |
| * Quilter QLT.L: Deutsche Bank cuts target price to 95p from 110p |
| * Quilter Plc QLT.L: Barclays cuts target price to 125p from 145p |
| * Reckitt Benckiser RKT.L: Morgan Stanley cuts target price to 5300p from 5500p |
| * Relx REL.L: JP Morgan cuts target price to 4630p from 4770p |
| * Remy Cointreau RCOP.PA: Bernstein raises target price to EUR 90 from EUR 80 |
| * Renault RENA.PA: JP Morgan cuts target price to EUR 55 from EUR 64 |
| * Sap SE SAPG.DE: Barclays raises target price to EUR 308 from EUR 286 |
| * Sap SE SAPG.DE: Berenberg cuts target price to EUR 280 from EUR 299 |
| * Sap SE SAPG.DE: JP Morgan cuts target price to EUR 290 from EUR 300 |
| * Schroders SDR.L: JP Morgan cuts target price to 344p from 404p |
| * Sika AG SIKA.S: Exane BNP Paribas raises target price to CHF 240 from CHF 213 |
| * Sika AG SIKA.S: Exane BNP Paribas raises to outperform from underperform |
| * Smurfit Westrock SWR.L: Barclays cuts target price to 5105p from 5370p |
| * Solaria SLRS.MC: Bernstein cuts target price to EUR 8 from EUR 13.5 |
| * Syncona SYNCS.L: Jefferies raises to buy from hold |
| * Temenos TEMN.S: Deutsche Bank cuts target price to CHF 70 from CHF 76 |
| * Temenos AG TEMN.S: HSBC cuts target price to CHF 65 from CHF 80 |
| * Tracsis Plc TRCS.L: Stifel cuts target price to 974p from 1,132p |
| * UMG UMG.AS: JP Morgan cuts target price to EUR 41 from EUR 42 |
| * Unilever ULVR.L: RBC cuts target price to 3800p from 4000p |
| * Valmet Oyj VALMT.HE: Barclays cuts target price to EUR 18 from EUR 19 |
| * Verbund VERB.VI: Deutsche Bank cuts target price to EUR 60 from EUR 62 |
| * Volvo VOLVb.ST: Bernstein cuts target price to SEK 240 from SEK 270 |
| * Volvo VOLVb.ST: Deutsche Bank cuts target price to SEK 330 from SEK 360 |
| * Volvo VOLVb.ST: Kepler Cheuvreux raises target price to SEK 290 from SEK 280 |
| * Worldline SA WLN.PA: Bernstein cuts target price to EUR 5.5 from EUR 7 |
| * Worldline SA WLN.PA: Kepler Cheuvreux cuts target price to EUR 5.7 from EUR 6.4 |
| * X Fab Silicon Foundries Ev XFAB.PA: Degroof Petercam cuts PT to EUR 6 from EUR 6.8 |
