| * Abeo SA ABEO.PA: Kepler Cheuvreux cuts target price to EUR 18 from EUR 20 |
| * Afentra Plc AET.L: Canaccord Genuity raises target price to 125p from 118p |
| * Aramis Group SA ARAMI.PA: Bernstein cuts target price to EUR 6 from EUR 9 |
| * Aramis Group SA ARAMI.PA: Bernstein cuts to market perform from outperform |
| * Aurubis AG NAFG.DE: Alphavalue raises to reduce from sell |
| * Aurubis AG NAFG.DE: Baader Helvea raises to reduce from sell |
| * Austevoll Seafood ASA AUSS.OL: Kepler Cheuvreux raises PT to NOK 95 from NOK 90 |
| * Babcock International BAB.L: JP Morgan cuts target price to 1500p from 1700p |
| * Banca Mps BMPS.MI: Kepler Cheuvreux raises target price to EUR 9.9 from EUR 9.4 |
| * Belimo Holding AG BEAN.S: Barclays initiates coverage with overweight rating |
| * Belimo Holding AG BEAN.S: Barclays initiates coverage with target price CHF 1000 |
| * BNP Paribas BNPP.PA: Kepler Cheuvreux raises PT to EUR 88.8 from EUR 87 |
| * British American Tobacco BATS.L: BofA Global Research ups PT to 5,300.00p from 4,700.00p |
| * Bytes Technology Group Plc BYIT.L: Berenberg cuts target price to 360p from 390p |
| * Bytes Technology Group Plc BYIT.L: Panmure Liberum raises PT to 475p from 450p |
| * Cadeler A/S CADLR.OL: Jefferies raises target price to NOK 80 from NOK 70 |
| * Carl Zeiss Meditec AG AFXG.DE: Barclays cuts target price to EUR 28 from EUR 30 |
| * Cewe CWCG.DE: Kepler Cheuvreux raises target price to EUR 127 from EUR 119 |
| * CTS Eventim EVDG.DE: Deutsche Bank raises target price to EUR 96 from EUR 94 |
| * Coloplast COLOb.CO: Bernstein cuts target price to DKK 450 from DKK 535 |
| * Daetwyler Holding Inc DAE.S: Berenberg raises target price to CHF 167 from CHF 143 |
| * Delta Plus ALDLT.PA: TP ICAP Midcap cuts target price to EUR 59 from EUR 62; rating 'buy' |
| * DSM-Firmenich DSFIR.AS: Kepler Cheuvreux raises target price to EUR 67 from EUR 63 |
| * DSV DSV.CO: BofA Global Research raises price objective to DKK 2240 from DKK 2230 |
| * EDPR EDPR.LS: Deutsche Bank raises target price to EUR 14 from EUR 13.5 |
| * Endesa ELE.MC: HSBC raises target price to EUR 38.6 from EUR 38.4 |
| * Evonik Industries AG EVKn.DE: Morgan Stanley raises target price to EUR 19 from EUR 18 |
| * Fermentalg ALGAE.PA: Portzamparc cuts PT to EUR 0.71 from EUR 0.75; rating 'buy' |
| * Ferrovial FERF.AS: Bernstein raises target price to EUR 63.7 from EUR 60.3 |
| * GBL IPO-BLSPA.MI: Kepler Cheuvreux raises target price to EUR 92 from EUR 89 |
| * Givaudan GIVN.S: Kepler Cheuvreux cuts target price to CHF 3000 from CHF 3600 |
| * Givaudan GIVN.S: Kepler Cheuvreux cuts to hold from buy |
| * Greencore GNC.L: Kepler Cheuvreux raises PT to 230p from 208p |
| * Hal Trust HLAN.AS: KBC Securities raises PT to EUR 190 from EUR 168; rating 'accumulate' |
| * Heineken NV HEIN.AS: JP Morgan cuts target price to EUR 70 from EUR 90 |
| * Heineken NV HEIN.AS: JP Morgan cuts to neutral from overweight |
| * Heineken NV HEIN.AS: Morgan Stanley cuts target price to EUR 75 from EUR 80 |
| * Hipay ALHYP.PA: TP ICAP Midcap cuts target price to EUR 8 from EUR 9; rating 'buy' |
| * Hochtief AG HOTG.DE: Jefferies raises target price to EUR 494 from EUR 480 |
| * HSBC HSBA.L: Morgan Stanley raises target price to 1463p from 1419p |
| * IMI Plc IMI.L: Jefferies raises target price to 3295p from 3085p |
| * ING INGA.AS: Deutsche Bank raises target price to EUR 30 from EUR 29 |
| * Intertek ITRK.L: RBC cuts to sector perform from outperform |
| * Ionos Group SE IOSn.DE: Morgan Stanley raises target price to EUR 29.4 from EUR 28.2 |
| * Jenoptik JENGn.DE: Deutsche Bank raises target price to EUR 44 from EUR 38 |
| * Jenoptik AG JENGn.DE: Berenberg raises target price to EUR 47 from EUR 39 |
| * Jenoptik AG JENGn.DE: Deutsche Bank raises target price to EUR 44 from EUR 38 |
| * Julius Baer Gruppe AG BAER.S: Citigroup raises target price to CHF 72 from CHF 67.5 |
| * KBC Groep KBC.BR: Barclays raises target price to EUR 112 from EUR 109 |
| * Kerry Group KYGA.I: Kepler Cheuvreux raises target price to EUR 95 from EUR 92 |
| * Landis+Gyr Group AG LANDI.S: Berenberg cuts target price to CHF 65 from CHF 70 |
| * Landis+Gyr Group AG LANDI.S: JP Morgan cuts target price to CHF 55 from CHF 59 |
| * Leonardo SpA LDOF.MI: JP Morgan cuts target price to EUR 70 from EUR 77 |
| * Leroy Seafood LSG.OL: Kepler Cheuvreux cuts target price to NOK 47 from NOK 48 |
| * Lonza Group AG LONN.S: Jefferies cuts target price to CHF 762 from CHF 769 |
| * Man Group EMG.L: Kepler Cheuvreux raises target price to 339p from 322p |
| * Munich Re MUVGn.DE: Berenberg cuts target price to EUR 565 from EUR 629 |
| * Munich Re MUVGn.DE: RBC cuts target price to EUR 490 from EUR 560 |
| * Novonesis NSISB.CO: Kepler Cheuvreux raises target price to DKK 460 from DKK 390 |
| * Novonesis NSISB.CO: Kepler Cheuvreux raises to buy from hold |
| * NKT A/S NKT.CO: JP Morgan raises target price to DKK 850 from DKK 752 |
| * ON the Beach Group Plc OTB.L: Deutsche Bank cuts target price to 314p from 345p |
| * Outokumpu OUT1V.HE: Deutsche Bank raises target price to EUR 5.2 from EUR 5 |
| * Raiffeisen Bank Intl RBIV.VI: UBS raises target price to EUR 52 from EUR 50 |
| * Rovi SA ROVI.MC: Jefferies cuts target price to EUR 64.2 from EUR 83.5 |
| * Salzgitter SZGG.DE: Deutsche Bank raises target price to EUR 65 from EUR 60 |
| * Salzgitter SZGG.DE: Kepler Cheuvreux raises target price to EUR 70 from EUR 45 |
| * Salzgitter AG SZGG.DE: Jefferies raises target price to EUR 55 from EUR 36 |
| * Scout24 G24n.DE: Barclays raises target price to EUR 103 from EUR 100 |
| * Scout24 SE G24n.DE: Berenberg raises target price to EUR 100 from EUR 91 |
| * Scout24 SE G24n.DE: JP Morgan raises target price to EUR 91 from EUR 83 |
| * Siegfried Holding AG SFZN.S: Jefferies resumes coverage with hold |
| * Siegfried Holding AG SFZN.S: Jefferies resumes coverage with price target CHF 88 |
| * Siemens Energy ENR1n.DE: Barclays raises target price to EUR 110 from EUR 100 |
| * Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 200 from EUR 195 |
| * Siemens Energy AG ENR1n.DE: JP Morgan raises target price to EUR 225 from EUR 200 |
| * Smaio ALSMA.PA: TP ICAP Midcap cuts target price to EUR 8.3 from EUR 8.4; rating 'buy' |
| * Standard Chartered Bank STAN.L: Morgan Stanley raises PT to 2090p from 1863p |
| * Ströer SE & Co. KGaA SAXG.DE: Barclays raises target price to EUR 40 from EUR 35 |
| * Subsea 7 SUBC.OL: Citigroup raises target price to NOK 370 from NOK 248 |
| * Swatch Group AG UHR.S: RBC raises target price to CHF 220 from CHF 160 |
| * Swatch Group AG UHR.S: RBC raises to sector perform from underperform |
| * Telecom Italia TLIT.MI: Barclays raises target price to EUR 0.66 from EUR 0.63 |
| * Telecom Italia TLITn.MI: Barclays raises target price to EUR 0.78 from EUR 0.75 |
| * Telenor TEL.OL: Morgan Stanley cuts target price to NOK 170 from NOK 175 |
| * Telenor ASA TEL.OL: Barclays cuts target price to NOK 160 from NOK 165 |
| * TKH Group NV TWKNc.AS: Berenberg raises target price to EUR 60 from EUR 55 |
| * UBS UBSG.S: Deutsche Bank raises target price to CHF 40 from CHF 39 |
| * Umicore SA UMI.BR: Goldman Sachs raises target price to EUR 33 from EUR 21 |
| * Umicore SA UMI.BR: Goldman Sachs raises to buy from neutral |
| * Uniper UN0K.DE: Kepler Cheuvreux cuts to reduce from hold |
| * Uniper UN0K.DE: Kepler Cheuvreux raises target price to EUR 35 from EUR 35 |
| * Valiant VATN.S: Kepler Cheuvreux cuts target price to CHF 128 from CHF 134 |
| * Vallourec VLLP.PA: TP ICAP Midcap raises PT to EUR 30 from EUR 21; rating 'buy' |
| * Valneva VLS.PA: Portzamparc cuts target price to EUR 4.8 from EUR 5.6; rating 'buy' |
| * Wizz Air WIZZ.L: Alphavalue cuts to reduce from add; cuts PT to 1026p from 1131p |
