| * 3I Group III.L: Deutsche Bank cuts target price to 3527p from 4300p |
| * Acerinox SA ACX.MC: Morgan Stanley raises target price to EUR 15.5 from EUR 13.7 |
| * Adecco ADEN.S: UBS cuts target price to CHF 13 from CHF 21 |
| * Adecco ADEN.S: UBS cuts to sell from neutral |
| * AF Gruppen AFGA.OL: Kepler Cheuvreux cuts target price to NOK 194 from NOK 201 |
| * Airtel Africa Plc AAF.L: Deutsche Bank raises target price to 450p from 430p |
| * Alfa Laval AB ALFA.ST: Barclays raises target price to SEK 580 from SEK 570 |
| * Ams-Osram AG AMS.S: JP Morgan raises target price to CHF 23.6 from CHF 11.8 |
| * Ams-Osram AG AMS.S: JP Morgan raises to overweight from neutral |
| * Anglo American AAL.L: Berenberg cuts target price to 4000p from 4100p |
| * Athens International Airport SA AIAr.AT: Barclays raises target price to EUR 10.3 from EUR 10.15 |
| * Bank Pekao S.A. PEO.WA: Morgan Stanley raises target price to PLN 269 from PLN 265 |
| * Bank PKO BP PKO.WA: Morgan Stanley cuts target price to PLN 111 from PLN 114 |
| * Barratt Redrow BTRW.L: Barclays cuts target price to 260p from 482p |
| * Barratt Redrow BTRW.L: Barclays cuts to equal-weight from overweight |
| * Bayer AG BAYGn.DE: Barclays raises target price to EUR 50 from EUR 48 |
| * Be Semiconductor Industries NV BESI.AS: Morgan Stanley ups PT to EUR 300 from EUR 200 |
| * Bellway BWY.L: Barclays cuts target price to 2020p from 3390p |
| * Bellway BWY.L: Barclays cuts to equal-weight from overweight |
| * Berkeley Group BKGH.L: Barclays cuts target price to 3996p from 4280p |
| * BNP Paribas SA BNPP.PA: Barclays raises target price to EUR 100 from EUR 9 |
| * Cranswick Plc CWK.L: Peel Hunt raises target price to 6100p from 5500p |
| * Crest Nicholson CRST.L: Barclays cuts target price to 77p from 140p |
| * Delivery Hero DHER.DE: Barclays raises target price to EUR 39.1 from EUR 35.5 |
| * Demant DEMANT.CO: Deutsche Bank raises target price to DKK 226 from DKK 211 |
| * Deutsche Boerse AG DB1Gn.DE: BofA Global Research raises PT to EUR 305 from EUR 300 |
| * Diploma Plc DPLM.L: Berenberg raises target price to 9,000p from 7,500p |
| * DSV DSV.CO: BofA Global Research raises PT to DKK 2250 from DKK 2240 |
| * DCC DCC.L: Peel Hunt cuts to add from buy; raises target price to 6350p from 5635p |
| * Delivery Hero DHER.DE: Barclays raises target price to EUR 39.1 from EUR 35.5 |
| * Diploma Plc DPLM.L: RBC raises target price to 7,300p from 6,600p |
| * EDP Renovaveis EDPR.LS: UBS raises target price to EUR 14.1 from EUR 13.5 |
| * Emeis EMEIS.PA: Kepler Cheuvreux raises target price to EUR 16 from EUR 10 |
| * Emeis EMEIS.PA: Kepler Cheuvreux raises to hold from reduce |
| * Evonik EVKN.DE: Kepler Cheuvreux raises target price to EUR 14.3 from EUR 12.7 |
| * Flsmidth FLS.CO: UBS raises target price to DKK 550 from DKK 450 |
| * Flsmidth FLS.CO: UBS raises to buy from neutral |
| * Geberit AG GEBN.S: Citigroup cuts target price to CHF 520 from CHF 575 |
| * Gerresheimer AG GXIG.DE: Jefferies cuts target price to EUR 26.8 from EUR 34.1 |
| * Gerresheimer AG GXIG.DE: Jefferies cuts to hold from buy |
| * Intrum AB INTRUM.ST: UBS cuts target price to SEK 28 from SEK 54 |
| * Intrum AB INTRUM.ST: UBS raises to buy from neutral |
| * Jensen-Group JEN.BR: KBC Securities raises PT to EUR 74 from EUR 70; rating 'accumulate' |
| * Kainos Group Plc KNOS.L: Deutsche Bank raises target price to 920p from 860p |
| * Knorr Bremse AG KBX.DE: Citigroup raises target price to EUR 123 from EUR 116 |
| * Knorr Bremse AG KBX.DE: Citigroup raises to buy from neutral |
| * Lindt & Spruengli LISN.S: JP Morgan cuts target price to CHF 87,000 from CHF 100,000 |
| * Mowi MOWI.OL: Berenberg cuts target price to NOK 245 from NOK 270 |
| * ON the Beach Group Plc OTB.L: RBC cuts target price to 290p from 305p |
| * Pensionbee Group Plc PBEE.L: RBC raises target price to 175p from 170p |
| * Persimmon PSN.L: Barclays cuts target price to 1122p from 1514p |
| * PKO Bank Polski SA PKO.WA: Barclays raises target price to PLN 92 from PLN 91 |
| * Rathbones Group RAT.L: Kepler Cheuvreux cuts target price to 2400p from 2460p |
| * Reply SpA REY.MI: Bernstein raises target price to EUR 120 from EUR 114 |
| * Ryanair RYA.I: Barclays cuts target price to EUR 29 from EUR 31 |
| * Ryanair Holdings RYA.I: Morgan Stanley cuts target price to EUR 25.5 from EUR 29 |
| * Shurgard Self Storage Ltd SHUR.BR: Kepler Cheuvreux cuts PT to EUR 28 from EUR 33 |
| * Soitec SA SOIT.PA: Morgan Stanley raises target price to EUR 200 from EUR 70 |
| * Sonova Holding AG SOON.S: JP Morgan raises target price to CHF 189 from CHF 163 |
| * Syensqo SYENS.BR: Deutsche Bank raises target price to EUR 67 from EUR 54 |
| * Sys-Dat SYSD.MI: Kepler Cheuvreux raises target price to EUR 7 from EUR 6 |
| * Taylor Wimpey TW.L: Barclays cuts target price to 68p from 111p |
| * Magnum ICE Cream Company B.V. MICCT.AS: Barclays raises PT to EUR 15 from EUR 14 |
| * Travis Perkins TPK.L: JP Morgan cuts target price to 630p from 680p |
| * Travis Perkins Plc TPK.L: Morgan Stanley cuts target price to 685p from 740p |
| * Vistry Group VTYV.L: Barclays cuts target price to 185p from 360p |
| * Vistry Group Plc VTYV.L: JP Morgan cuts target price to 430p from 530p |
| * Watches of Switzerland WOSG.L: RBC raises target price to 650p from 560p |
