| * 3I Group Plc III.L: UBS cuts target price to 4,400p from 4,700p |
| * ABB Ltd ABBN.S: RBC cuts target price to CHF 54 from CHF 55 |
| * ABB Ltd ABBN.S: TD Cowen raises target price to CHF 50 from CHF 45 |
| * Adyen NV ADYEN.AS: Monness Crespi Hardt raises target price to EUR 1,850 from EUR 1,800 |
| * Aegon Ltd AEGN.AS: Citigroup raises target price to EUR 7.69 from EUR 6.38 |
| * Air France AIRF.PA: UBS cuts target price to EUR 11.05 from EUR 14.25 |
| * ArcelorMittal MT.AS: UBS cuts to neutral from buy |
| * ArcelorMittal MT.AS: UBS raises target price to EUR 35.40 from EUR 32.30 |
| * ASR Nederland NV ASRNL.AS: Citigroup raises target price to EUR 61 from EUR 55.31 |
| * Auto1 AG1G.DE: Barclays raises target price to EUR 39 from EUR 30 |
| * Azimut AZMT.MI: Deutsche Bank cuts to hold from buy |
| * Banco Santander SAN.MC: Deutsche Bank raises target price to EUR 9.80 from EUR 8.20 |
| * Barry Callebaut AG BARN.S: Berenberg raises target price to CHF 1,418 from CHF 1,200 |
| * Bilfinger GBFG.DE: UBS raises target price to EUR 98 from EUR 92 |
| * BNP Paribas SA BNPP.PA: Deutsche Bank cuts target price to EUR 78 from EUR 91 |
| * BNP Paribas SA BNPP.PA: Deutsche Bank cuts to hold from buy |
| * Buzzi SpA BZU.MI: Barclays raises target price to EUR 55 from EUR 53 |
| * Colonial Sfl COL.MC: Morgan Stanley cuts target price to EUR 7.20 from EUR 7.50 |
| * CVC Capital Partners CVC.AS: Barclays raises target price to EUR 20 from EUR 19.90 |
| * Delivery Hero SE DHER.DE: Morgan Stanley cuts target price to EUR 25 from EUR 31 |
| * Delivery Hero SE DHER.DE: Stifel cuts target price to EUR 24 from EUR 27 |
| * Deutsche Euroshop AG DEQGn.DE: Berenberg cuts target price to EUR 23 from EUR 24 |
| * Endeavour Mining Plc EDV.L: JP Morgan cuts target price to 4,900p from 5,000p |
| * Endesa ELE.MC: JP Morgan cuts to neutral from overweight |
| * Endesa ELE.MC: JP Morgan raises target price to EUR 32.50 from EUR 27.50 |
| * Exail Technologies EXA.PA: TP ICAP Midcap raises target price to EUR 99 from EUR 95 |
| * Exail Technologies EXA.PA: TP ICAP Midcap raises to buy from hold |
| * Experian EXPN.L: Bernstein raises target price to 3,150p from 3,050p |
| * Genuit Group Plc GENG.L: Jefferies cuts target price to 461p from 521p |
| * Genuit Group Plc GENG.L: JP Morgan cuts target price to 455p from 490p |
| * GTT GTT.PA: Jefferies raises target price to EUR 210 from EUR 205 |
| * Harbour Energy Plc HBR.L: JP Morgan cuts target price to 272p from 298p |
| * H Lundbeck A/S HLUNb.CO: UBS raises target price to DKK 46 from DKK 41 |
| * Heidelberg Materials HEIG.DE: Barclays raises target price to EUR 261 from EUR 194 |
| * Holcim HOLN.S: Barclays raises target price to CHF 82 from CHF 69 |
| * Inpost S.A. INPST.AS: Barclays cuts target price to EUR 14.50 from EUR 15.40 |
| * International Airlines Group ICAG.L: Deutsche Bank raises target price to 500p from 475p |
| * Interpump Group ITPG.MI: UBS raises target price to EUR 43.10 from EUR 39.50 |
| * Interpump Group SpA ITPG.MI: Berenberg raises target price to EUR 50 from EUR 49 |
| * Intrum AB INTRUM.ST: JP Morgan cuts target price to SEK 45 from SEK 55 |
| * Inwit INWT.MI: Barclays cuts target price to EUR 10 from EUR 10.50 |
| * K+S SDFGn.DE: Scotiabank cuts target price to EUR 11.50 from EUR 12.50 |
| * KBC Groep NV KBC.BR: UBS raises target price to EUR 105 from EUR 100 |
| * Kion Group AG KGX.DE: Berenberg raises target price to EUR 56 from EUR 54 |
| * Land Securities LAND.L: Deutsche Bank cuts target price to 730p from 760p |
| * Lanxess AG LXSG.DE: Berenberg cuts target price to EUR 18 from EUR 22 |
| * Lenzing AG LENV.VI: Deutsche Bank cuts target price to EUR 26 from EUR 28 |
| * Maersk MAERSKb.CO: Alphavalue raises target price to DKK 12,352 from DKK 12,107 |
| * Maersk MAERSKb.CO: JP Morgan cuts target price to DKK 8,800 from DKK 8,900 |
| * Melrose Industries MRON.L: Peel Hunt raises target price to 830p from 790p |
| * Montana Aerospace AG AERO.S: Berenberg cuts target price to CHF 28 from CHF 31 |
| * National Grid NG.L: HSBC raises target price to 1,280p from 1,200p |
| * NIBE Industrier AB NIBEb.ST: Morgan Stanley raises PT to SEK 37 from SEK 36 |
| * OMV AG OMVV.VI: Berenberg cuts to hold from buy |
| * OTE Group OTEr.AT: Barclays raises target price to EUR 20 from EUR 19 |
| * OTE Group OTEr.AT: Deutsche Bank raises target price to EUR 21 from EUR 20 |
| * Pandora PNDORA.CO: Morgan Stanley cuts target price to DKK 910 from DKK 1,000 |
| * Premier Foods Plc PFD.L: Berenberg raises target price to 280p from 270p |
| * Reply SpA REY.MI: Berenberg cuts target price to EUR 150 from EUR 165 |
| * Richemont CFR.S: Morgan Stanley raises target price to CHF 192 from CHF 183 |
| * Richemont CFR.S: TD Cowen raises target price to CHF 210 from CHF 190 |
| * Richemont CFR.S: Telsey Advisory Group raises target price to CHF 185 from CHF 170 |
| * Rio Tinto RIO.L: Citigroup raises target price to 5,700p from 4,600p |
| * Rolls-Royce Holdings Plc RR.L: Morgan Stanley raises target price to 1280p from 1275p |
| * Salzgitter AG SZGG.DE: Morgan Stanley raises target price to EUR 20.50 from EUR 17.90 |
| * Sandoz Group AG SDZ.S: Deutsche Bank raises target price to CHF 60 from CHF 55 |
| * Sanlorenzo SpA SNL.MI: BofA Global Research reinstates coverage with PT EUR 35 |
| * Sanlorenzo SpA SNL.MI: BofA Global Research reinstates coverage with buy rating |
| * Shell SHEL.L: Jefferies raises target price to 3,200p from 3,000p |
| * Siemens SIEGn.DE: Morgan Stanley cuts target price to EUR 230 from EUR 240 |
| * Siemens Energy ENR1n.DE: Barclays raises target price to EUR 77 from EUR 66 |
| * Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 130 from EUR 120 |
| * Siemens Energy AG ENR1n.DE: Citigroup raises target price to EUR 116 from EUR 104 |
| * Siemens Energy AG ENR1n.DE: JP Morgan raises target price to EUR 100 from EUR 91.50 |
| * Sirius Real Estate Ltd SRET.L: Berenberg cuts target price to 133p from 134p |
| * Sirius Real Estate Ltd SRET.L: Peel Hunt raises target price to 125p from 120p |
| * Smith+Nephew Plc SN.L: Kepler Cheuvreux initiates coverage with buy rating |
| * Smith+Nephew Plc SN.L: Kepler Cheuvreux initiates coverage with target price 1,462p |
| * Sonova Holding AG SOON.S: Barclays cuts target price to CHF 190 from CHF 215 |
| * Sonova Holding AG SOON.S: JP Morgan cuts target price to CHF 176 from CHF 195 |
| * Stelrad Group Plc SRAD.L: Berenberg cuts target price to 190p from 200p |
| * Taylor Wimpey TW.L: Barclays cuts target price to 107p from 109p |
| * Unicaja Banco UNI.MC: Deutsche Bank raises target price to EUR 2.55 from EUR 2.25 |
| * Value and Indexed Property Income Trust Plc VIP.L: Berenberg cuts target price to 199p from 200p |
| * Vicat VCTP.PA: Barclays raises target price to EUR 86 from EUR 74 |
| * Vodafone Group Plc VOD.L: Barclays raises target price to 100p from 85p |
| * Voestalpine VOES.VI: UBS raises target price to EUR 43 from EUR 26 |
| * Voestalpine VOES.VI: UBS raises to buy from neutral |
| * Voestalpine AG VOES.VI: Morgan Stanley raises target price to EUR 34.50 from EUR 30.20 |
| * Wizz Air WIZZ.L: Deutsche Bank cuts target price to 1,250p from 1,400p |
| * Wizz Air WIZZ.L: RBC cuts target price to 1,200p from 1,250p |
