| * 4Imprint Group FOUR.L: Deutsche Bank cuts target price to 3900p from 6250p |
| * 4Imprint Group FOUR.L: Deutsche Bank cuts to hold from buy |
| * Adecco Group AG ADEN.S: Jefferies cuts target price to CHF 18.5 from CHF 19.5 |
| * Adidas AG ADSGn.DE: UBS cuts target price to EUR 282 from EUR 289 |
| * Adyen ADYEN.AS: Deutsche Bank cuts target price to EUR 2000 from EUR 2250 |
| * Airbus SE AIR.PA: Morgan Stanley cuts target price to EUR 187 from EUR 205 |
| * Anglo American AAL.L: RBC cuts target price to 2110p from 2310p |
| * Antofagasta ANTO.L: RBC cuts target price to 1700p from 1800p |
| * Antofagasta ANTO.L: RBC raises to sector perform from underperform |
| * Ashmore Group Plc ASHM.L: Morgan Stanley cuts target price to 144p from 162p |
| * ASML ASML.AS: Deutsche Bank cuts target price to EUR 700 from EUR 750 |
| * ASML Holding ASML.AS: HSBC cuts target price to EUR 855 from EUR 942 |
| * ASML Holding NV ASML.AS: Barclays cuts target price to EUR 770 from EUR 900 |
| * ASML Holding NV ASML.AS: Berenberg cuts target price to EUR 740 from EUR 800 |
| * ASML Holding NV ASML.AS: BofA Global Research cuts PT to EUR 759 from EUR 859 |
| * ASML Holding NV ASML.AS: JP Morgan cuts target price to EUR 970 from EUR 1,057 |
| * ASML Holding NV ASML.AS: Kepler Cheuvreux cuts PT to EUR 730 from EUR 950 |
| * Aurubis NAFG.DE: Deutsche Bank cuts target price to EUR 85 from EUR 88 |
| * Barry Callebaut AG BARN.S: Morgan Stanley cuts PT to CHF 1030 from CHF 1355 |
| * Be Semiconductor Industries BESI.AS: Morgan Stanley cuts PT to EUR 120 from EUR 145 |
| * Believe SA BLV.PA: Bernstein cuts target price to EUR 15.30 from EUR 18.30 |
| * BMPS BMPS.MI: Barclays cuts target price to EUR 7.1 from EUR 7.4 |
| * BMW BMWG.DE: Jefferies cuts target price to EUR 83 from EUR 92 |
| * BMW BMWG.DE: RBC cuts target price to EUR 65 from EUR 80 |
| * Bodycote BOY.L: HSBC cuts target price to 630p from 800p |
| * Boliden BOL.ST: Bernstein cuts target price to SEK 343 from SEK 347 |
| * Brunello Cucinelli S.P.A BCU.MI: UBS cuts target price to EUR 121 from EUR 125 |
| * Bunzl BNZL.L: Barclays cuts target price to 3100p from 3650p |
| * Bunzl BNZL.L: Bernstein cuts target price to 2900p from 3700p |
| * Bunzl BNZL.L: JP Morgan cuts target price to 2,700p from 3,500p |
| * Bunzl BNZL.L: JP Morgan cuts to neutral from overweight |
| * Bunzl BNZL.L: RBC cuts target price to 2600p from 3550p |
| * Bunzl Plc BNZL.L: Morgan Stanley cuts target price to 3150p from 3600p |
| * Burberry BRBY.L: Kepler Cheuvreux cuts target price to 900p from 1300p |
| * Burberry BRBY.L: Stifel cuts target price to 750p from 1,150p |
| * Central Asia Metals Plc CAML.L: RBC cuts target price to 200p from 220p |
| * Credem EMBI.MI: Barclays cuts target price to EUR 10.9 from EUR 11.7 |
| * Cucinelli BCU.MI: Kepler Cheuvreux cuts target price to EUR 105 from EUR 110 |
| * Daimler Truck Holding AG DTGGe.DE: HSBC cuts target price to EUR 47 from EUR 51 |
| * Deutsche Telekom DTEGn.DE: UBS cuts target price to EUR 36.2 from EUR 37.7 |
| * Dhl Group DHLn.DE: Deutsche Bank cuts target price to EUR 42 from EUR 50 |
| * Discoverie Group Plc DSCV.L: Deutsche Bank cuts target price to 600p from 765p |
| * Discoverie Group Plc DSCV.L: HSBC cuts target price to 580p from 750p |
| * Docmorris AG DOCM.S: Baader Helvea cuts target price to CHF 19 from CHF 44 |
| * Docmorris AG DOCM.S: Baader Helvea cuts to reduce from add |
| * DR ING HC F Porsche AG P911_p.DE: Jefferies cuts PT to EUR 49 from EUR 65 |
| * Duerr AG DUEG.DE: Kepler Cheuvreux cuts target price to EUR 28 from EUR 30 |
| * Ecora Resources Plc ECORE.L: RBC cuts target price to 120p from 130p |
| * Eiffage FOUG.PA: Kepler Cheuvreux raises target price to EUR 145 from EUR 127.5 |
| * Embracer EMBRACb.ST: JP Morgan cuts target price to SEK 93 from SEK 108 |
| * ENI ENI.MI: Stifel cuts target price to EUR 12.7 from EUR 13.9 |
| * EQT AB EQTAB.ST: Barclays cuts target price to SEK 290 from SEK 355 |
| * EQT AB EQTAB.ST: UBS cuts target price to SEK 230 from SEK 300 |
| * Essilorluxottica SA ESLX.PA: JP Morgan cuts target price to EUR 270 from EUR 280 |
| * Essity ESSITYa.ST: Kepler Cheuvreux cuts target price to SEK 307 from SEK 330 |
| * Euronext NV ENX.PA: JP Morgan raises target price to EUR 143 from EUR 125 |
| * Euronext NV ENX.PA: Morgan Stanley raises target price to EUR 148.5 from EUR 147.2 |
| * Exail TECHNOLOGIES: Portzamparc raises PT to EUR 50.1 from EUR 41; rating ‘buy’ |
| * Fnac Darty FNAC.PA: HSBC raises target price to EUR 35 from EUR 32 |
| * Fnac Darty FNAC.PA: HSBC raises to buy from hold |
| * Fresenius Medical Care AG FMEG.DE: Morgan Stanley cuts PT to EUR 41 from EUR 42 |
| * Future FUTR.L: Deutsche Bank cuts target price to 1915p from 2078p |
| * Galp Energia GALP.LS: HSBC cuts target price to EUR 18 from EUR 19.6 |
| * Geberit GEBN.S: Barclays cuts target price to CHF 510 from CHF 515 |
| * Geberit AG GEBN.S: Jefferies cuts target price to CHF 374 from CHF 401 |
| * Gerresheimer AG GXIG.DE: Jefferies cuts target price to EUR 86 from EUR 93 |
| * Getlink GETP.PA: Barclays cuts target price to EUR 19 from EUR 19.5 |
| * GL Events SA: Midcap Partners raises PT to EUR 29.0 from EUR 28.0; rating ‘buy' |
| * GL Events SA: Portzamparc raises target price to EUR 30.6 from EUR 28.5; rating ‘buy' |
| * Glencore GLEN.L: RBC cuts target price to 420p from 440p |
| * Halma HLMA.L: HSBC cuts target price to 2550p from 2800p |
| * Hays HAYS.L: Jefferies cuts target price to 85p from 95p |
| * Hays HAYS.L: Morgan Stanley cuts target price to 64p from 66p |
| * Heidelberg Materials HEIG.DE: Jefferies cuts target price to EUR 191.4 from EUR 200 |
| * Heineken NV HEIN.AS: Barclays cuts target price to EUR 92 from EUR 98 |
| * Heineken NV HEIN.AS: Bernstein cuts target price to EUR 104 from EUR 107 |
| * Heineken NV HEIN.AS: BofA Global Research cuts PT to EUR 93 from EUR 97 |
| * Heineken NV HEIN.AS: UBS cuts target price to EUR 93 from EUR 96 |
| * Hermes HRMS.PA: JP Morgan cuts target price to EUR 2,650 from EUR 2,700 |
| * Hill & Smith HILS.L: Peel Hunt raises target price to 2650p from 2625p |
| * Holcim AG HOLN.S: Jefferies cuts target price to CHF 100 from CHF 108.7 |
| * Holcim AG HOLN.S: Kepler Cheuvreux raises target price to CHF 106 from CHF 103 |
| * Huhtamaki HUH1V.HE: Citigroup cuts target price to EUR 45 from EUR 46 |
| * Hydro NHY.OL: RBC raises to outperform from sector perform |
| * IMI IMI.L: HSBC cuts target price to 2170p from 2440p |
| * Inficon IFCN.S: UBS cuts target price to CHF 130 from CHF 140 |
| * Integrafin Holdings Plc IHPI.L: Jefferies cuts target price to 330p from 355p |
| * Intercos S.P.A. ICOS.MI: UBS cuts target price to EUR 17.9 from EUR 18.5 |
| * Intesa Sanpaolo ISP.MI: Barclays raises target price to EUR 4.9 from EUR 4.8 |
| * Ipsen SA IPN.PA: Morgan Stanley cuts target price to EUR 107 from EUR 110 |
| * JD Sports Fashion JD.L: UBS cuts target price to 84p from 103p |
| * Kingspan Group KSP.I: Barclays cuts target price to EUR 88 from EUR 90 |
| * Kingspan Group KSP.I: Jefferies cuts target price to EUR 69.5 from EUR 72.8 |
| * Kone Oyj KNEBV.HE: Citigroup cuts target price to EUR 58 from EUR 59 |
| * Kone Oyj KNEBV.HE: Kepler Cheuvreux cuts target price to EUR 53 from EUR 58 |
| * Kone Oyj KNEBV.HE: Kepler Cheuvreux cuts to hold from buy |
| * LVMH LVMH.PA: Berenberg cuts target price to EUR 570 from EUR 740 |
| * M&C Saatchi SAA.L: Deutsche Bank cuts target price to 248p from 266p |
| * Melia Hotels MEL.MC: UBS cuts target price to EUR 6 from EUR 7.15 |
| * Mercedes-Benz Group AG MBGn.DE: Jefferies cuts PT to EUR 55 from EUR 65 |
| * Mercedes-Benz Group AG MBGn.DE: RBC cuts target price to EUR 73 from EUR 79 |
| * Mitie Group Plc MTO.L: Berenberg raises target price to 165p from 160p |
| * Mitie Group Plc MTO.L: Deutsche Bank raises target price to 150p from 145p |
| * Moncler MONC.MI: Kepler Cheuvreux cuts target price to EUR 60 from EUR 65 |
| * Moncler MONC.MI: RBC cuts target price to EUR 64 from EUR 65 |
| * Moncler SpA MONC.MI: UBS cuts target price to EUR 61 from EUR 64 |
| * Nedap NEDP.AS: Kepler Cheuvreux raises PT to EUR 65 from EUR 60.5 |
| * Neste NESTE.HE: UBS cuts target price to EUR 7.5 from EUR 10 |
| * Nobia NOBI.ST: Kepler Cheuvreux cuts target price to SEK 4.1 from SEK 4.8 |
| * Nordea NDAFI.HE: Barclays raises target price to EUR 11.8 from EUR 11.7 |
| * Nordea NDAFI.HE: Inderes cuts PT to EUR 12.0 from EUR 12.5; rating accumulate |
| * Nordea NDASE.ST: UBS raises target price to SEK 154 from SEK 150 |
| * Orange SA ORAN.PA: Morgan Stanley raises target price to EUR 13.5 from EUR 12.5 |
| * OVS SpA OVS.MI: Kepler Cheuvreux cuts target price to EUR 3.8 from EUR 4 |
| * Oxford Instruments OXIG.L: Deutsche Bank cuts target price to 2750p from 2850p |
| * Oxford Instruments OXIG.L: HSBC cuts target price to 2050p from 2630p |
| * Pagegroup PAGE.L: Jefferies cuts target price to 275p from 340p |
| * Publicis Groupe SA PUBP.PA: Barclays cuts target price to EUR 110 from EUR 125 |
| * Puma SE PUMG.DE: UBS cuts target price to EUR 19 from EUR 19.5 |
| * Randstad NV RAND.AS: Jefferies cuts target price to EUR 45 from EUR 50 |
| * Renault RENA.PA: Jefferies cuts target price to EUR 48 from EUR 52 |
| * Renishaw RSW.L: HSBC cuts target price to 2400p from 3300p |
| * Rightmove RMV.L: HSBC cuts to hold from buy |
| * Rolls-Royce Holdings Plc RR.L: Morgan Stanley raises target price to 900p from 700p |
| * Rotork ROR.L: HSBC cuts target price to 360p from 395p |
| * S4 Capital Plc SFOR.L: Deutsche Bank cuts target price to 37p from 42p |
| * Saint-Gobain SGOB.PA: Barclays cuts target price to EUR 112 from EUR 122 |
| * Saint-Gobain SGOB.PA: Jefferies cuts target price to EUR 140 from EUR 150 |
| * Sandvik SAND.ST: Deutsche Bank cuts target price to SEK 203 from SEK 205 |
| * Sandvik AB SAND.ST: Kepler Cheuvreux cuts target price to SEK 230 from SEK 250 |
| * Sap SE SAPG.DE: Citigroup cuts target price to EUR 280 from EUR 300 |
| * Sartorius SATG_p.DE: Deutsche Bank cuts target price to EUR 270 from EUR 285 |
| * Sartorius SATG_p.DE: Deutsche Bank raises to buy from hold |
| * Sartorius AG SATG.DE: Bernstein raises target price to EUR 248 from EUR 234 |
| * Sartorius AG SATG.DE: Bernstein raises to outperform from market-perform |
| * Sartorius AG SATG.DE: Morgan Stanley cuts target price to EUR 300 from EUR 340 |
| * Sartorius AG SATG.DE: Stifel cuts target price to EUR 230 from EUR 285 |
| * Sartorius Stedim Biotech STDM.PA: Morgan Stanley cuts PT to EUR 250 from EUR 260 |
| * Schindler Holding AG SCHP.S: Citigroup raises target price to CHF 272 from CHF 255 |
| * Schindler Holding AG SCHP.S: Kepler Cheuvreux cuts PT to CHF 255 from CHF 265 |
| * Schindler Holding AG SCHP.S: Kepler Cheuvreux cuts to reduce from hold |
| * Schneider Electric SCHN.PA: Citigroup cuts target price to EUR 245 from EUR 250 |
| * Schneider Electric SCHN.PA: Citigroup raises to buy from neutral |
| * Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 74 from EUR 62 |
| * SIG Group AG SIGNC.S: Citigroup cuts target price to CHF 22 from CHF 22.50 |
| * Sika SIKA.S: Barclays cuts target price to CHF 200 from CHF 220 |
| * Sika SIKA.S: Jefferies cuts target price to CHF 278 from CHF 300 |
| * SMA Solar S92G.DE: Jefferies cuts target price to EUR 16 from EUR 20 |
| * Smiths Group SMIN.L: HSBC cuts target price to 2500p from 2730p |
| * Spectris SXS.L: HSBC cuts target price to 2625p from 3200p |
| * Spirax Group SPX.L: HSBC cuts target price to 6435p from 8200p |
| * Spirax Group SPX.L: HSBC cuts to hold from buy |
| * Stellantis NV STLAM.MI: Jefferies cuts target price to EUR 9 from EUR 14 |
| * Stellantis NV STLAM.MI: RBC cuts target price to EUR 9 from EUR 12 |
| * Tele2 TEL2b.ST: Deutsche Bank raises target price to SEK 119 from SEK 105 |
| * Theon International Plc THEON.AS: Berenberg raises PT to EUR 31 from EUR 20 |
| * Travis Perkins TPK.L: JP Morgan cuts target price to 670p from 910p |
| * Trelleborg TRELb.ST: Citigroup cuts target price to SEK 350 from SEK 380 |
| * Unicredit CRDI.MI: Barclays raises target price to EUR 56.3 from EUR 50 |
| * Vesuvius Plc VSVS.L: HSBC cuts target price to 450p from 580p |
| * Vidrala VID.MC: Citigroup cuts target price to EUR 99 from EUR 103 |
| * Volex VLX.L: HSBC cuts target price to 380p from 500p |
| * Volkswagen AG VOWG_p.DE: RBC cuts target price to EUR 97 from EUR 116 |
| * Voltalia SA VLTSA.PA: Morgan Stanley cuts target price to EUR 7 from EUR 9 |
| * WH Smith SMWH.L: Deutsche Bank cuts target price to 1050p from 1290p |
| * Worldline WLN.PA: Deutsche Bank cuts target price to EUR 6.5 from EUR 7 |
| * WPP Group WPP.L: Deutsche Bank cuts target price to 740p from 875p |
| * YouGov Plc YOU.L: Deutsche Bank cuts target price to 565p from 670p |
