| * Air France Klm SA AIRF.PA: Morgan Stanley cuts target price to EUR 10.7 from EUR 11.3 |
| * Ambu A/S AMBUb.CO: Bernstein cuts target price to DKK 125.10 from DKK 139.90 |
| * Amundi AMUN.PA: Deutsche Bank cuts target price to EUR 74 from EUR 83 |
| * ArcelorMittal MT.AS: Deutsche Bank raises target price to EUR 38 from EUR 31 |
| * ArcelorMittal SA MT.AS: JP Morgan raises target price to EUR 42 from EUR 29.50 |
| * ArcelorMittal SA MT.AS: JP Morgan raises to overweight from neutral |
| * Argenx SE ARGX.BR: Bernstein cuts target price to EUR 870 from EUR 885 |
| * ASM International ASMI.AS: Deutsche Bank raises target price to EUR 625 from EUR 550 |
| * Auto Trader AUTOA.L: JP Morgan raises target price to 770p from 765p |
| * Autostore AUTO.OL: Barclays raises target price to NOK 10.2 from NOK 9.1 |
| * Autostore Holdings Ltd AUTO.OL: Kepler Cheuvreux raises PTto nok 8 from NOK 6.3 |
| * Azimut AZMT.MI: Barclays raises target price to EUR 32.3 from EUR 30.7 |
| * Banca Generali S.P.A. BGN.MI: UBS raises target price to EUR 56.9 from EUR 51.4 |
| * Banca Generali S.P.A. BGN.MI: UBS raises to buy from neutral |
| * Banco Bpm BAMI.MI: Barclays raises target price to EUR 14.7 from EUR 14.5 |
| * Barry Callebaut AG BARN.S: JP Morgan raises target price to CHF 1200 from CHF 1100 |
| * BKW AG BKWB.S: UBS cuts target price to CHF 185 from CHF 190 |
| * BKW AG BKWB.S: UBS cuts to neutral from buy |
| * Boliden BOL.ST: RBC raises target price to SEK 500 from SEK 320 |
| * Boliden BOL.ST: RBC raises to outperform from sector perform |
| * BPER EMII.MI: Kepler Cheuvreux raises target price to EUR 11.9 from EUR 10.3 |
| * BPER EMII.MI: Kepler Cheuvreux raises to buy from hold |
| * Brembo BRBI.MI: Kepler Cheuvreux raises target price to EUR 10 from EUR 9 |
| * British Land BLND.L: UBS raises target price to 435p from 410p |
| * British Land BLND.L: UBS raises to buy from neutral |
| * Coltene Holding AG CLTN.S: Kepler Cheuvreux initiates coverage with buy rating |
| * Coltene Holding AG CLTN.S: Kepler Cheuvreux initiates coverage with price target CHF 57 |
| * Comet Group COTNE.S: Deutsche Bank raises target price to CHF 260 from CHF 250 |
| * Commerzbank AG CBKG.DE: RBC raises target price to EUR 36 from EUR 33 |
| * Continental AG CONG.DE: Deutsche Bank raises target price to EUR 68 from EUR 65 |
| * Continental AG CONG.DE: Kepler Cheuvreux raises target price to EUR 75 from EUR 70 |
| * CRH Plc CRH.L: Morgan Stanley cuts target price to 9800p from 9900p |
| * Demant A/S DEMANT.CO: Barclays cuts target price to DKK 250 from DKK 270 |
| * Derwent London DLN.L: Deutsche Bank cuts target price to 2100p from 2400p |
| * Derwent London Plc DLN.L: UBS cuts to sell from buy |
| * Derwent London Plc DLN.L: UBS cuts target price to 1,700p from 2,420p |
| * Deutsche Bank DBKGn.DE: Morgan Stanley raises target price to EUR 37.5 from EUR 35 |
| * DHL Group DHLn.DE: Bernstein cuts to market perform from outperform |
| * DHL Group DHLn.DE: Bernstein raises target price to EUR 42.80 from EUR 42 |
| * Diageo DGE.L: Bernstein cuts target price to 2,420.00p from 2,550.00p |
| * Diageo DGE.L: Deutsche Bank cuts target price to 1840p from 1915p |
| * Diageo DGE.L: Jefferies cuts target price to 2,300p from 2,400p |
| * Diageo DGE.L: TD Cowen cuts target price to 1775p from 2000p |
| * Diageo Plc DGE.L: Barclays cuts target price to 2470p from 2490p |
| * Diasorin DIAS.MI: Deutsche Bank cuts target price to EUR 71 from EUR 109 |
| * Diasorin DIAS.MI: Deutsche Bank cuts to hold from buy |
| * Dino Polska DNP.WA: Barclays cuts target price to PLN 44 from PLN 45 |
| * DNO DNO.OL: DNB Markets raises to buy from hold, lifts PT to NOK 17.5 from NOK 14.0 |
| * Enav S.P.A. ENAV.MI: UBS raises target price to EUR 5.05 from EUR 4.85 |
| * Erste Group Bank AG ERST.VI: JP Morgan raises target price to EUR 102 from EUR 97 |
| * Erste Group Bank AG ERST.VI: UBS raises target price to EUR 97 from EUR 93 |
| * Ferrari Group Plc FERGR.AS: Kepler Cheuvreux initiates coverage with buy rating |
| * Ferrari Group Plc FERGR.AS: Kepler Cheuvreux initiates coverage with target price EUR 13.5 |
| * Frontier Developments Plc FDEV.L: Deutsche Bank raises target price to 580p from 390p |
| * Great Portland Estates Plc GPEG.L: UBS cuts target price to 320p from 375p |
| * Great Portland Estates Plc GPEG.L: UBS cuts to sell from neutral |
| * GSK GSK.L: JP Morgan raises target price to 1,500p from 1,400p |
| * Hammerson HMSO.L: UBS raises target price to 290p from 255p |
| * Heidelberg Materials HEIG.DE: Barclays raises target price to EUR 194 from EUR 193 |
| * Heidelberg Materials HEIG.DE: RBC cuts target price to EUR 218 from EUR 220 |
| * Henkel HNKG_p.DE: Barclays raises target price to EUR 80 from EUR 79 |
| * Henkel HNKG_p.DE: Deutsche Bank raises target price to EUR 82 from EUR 79 |
| * Henkel AG & Co KGaA HNKG_p.DE: Berenberg raises PT to EUR 80.4 from EUR 79.9 |
| * Hikma HIK.L: Berenberg cuts target price to 2,300p from 2,510p |
| * Hikma HIK.L: Stifel cuts target price to 2,400p from 2,650p |
| * Hikma Pharmaceuticals Plc HIK.L: Barclays cuts target price to 2100p from 2300p |
| * Hiscox Ltd HSX.L: Morgan Stanley raises target price to 1470p from 1450p |
| * IMI Plc IMI.L: Deutsche Bank raises target price to 2900p from 2625p |
| * IMI Plc IMI.L: Berenberg raises PT to 2,900p from 2,550p |
| * IMI Plc IMI.L: Kepler Cheuvreux raises target price to 2750p from 2490p |
| * IMI Plc IMI.L: Panmure Liberum raises target price to 2760p from 2420p |
| * IMI Plc IMI.L: Peel Hunt raises PT to 3,200p from 2,700p |
| * IMI Plc IMI.L: Stifel raises target price to 2750p from 2600p |
| * IMI Plc IMI.L: UBS raises target price to 2550p from 2500p |
| * Indra IDR.MC: Berenberg raises target price to EUR 53 from EUR 41 |
| * Instone REIT Group INS2.DE: Kepler Cheuvreux cuts target price to EUR 17 from EUR 18 |
| * Italgas IG.MI: Deutsche Bank raises target price to EUR 10 from EUR 8.5 |
| * ITV Plc ITV.L: Kepler Cheuvreux cuts target price to 67p from 95p |
| * ITV Plc ITV.L: Barclays cuts target price to 75p from 85p |
| * J Sainsbury Plc SBRY.L: UBS raises target price to 365p from 330p |
| * JCDecaux JCDX.PA: Kepler Cheuvreux cuts target price to EUR 21.5 from EUR 22 |
| * Kid ASA KID.OL: Kepler Cheuvreux cuts target price to NOK 180 from NOK 188 |
| * Koenig & Bauer AG SKBG.DE: Kepler Cheuvreux cuts target price to EUR 10 from EUR 16 |
| * Koenig & Bauer AG SKBG.DE: Kepler Cheuvreux cuts to reduce from hold |
| * Lanxess LXSG.DE: Deutsche Bank cuts target price to EUR 18.5 from EUR 23 |
| * Legrand LEGD.PA: Barclays cuts target price to EUR 161 from EUR 165 |
| * Legrand LEGD.PA: Deutsche Bank cuts target price to EUR 150 from EUR 155 |
| * Legrand LEGD.PA: Deutsche Bank cuts to hold from buy |
| * Legrand LEGD.PA: Morgan Stanley cuts target price to EUR 140 from EUR 146 |
| * Lenzing AG LENV.VI: RBC cuts target price to EUR 22.5 from EUR 26.5 |
| * Logistea AB LOGIa.ST: Kepler Cheuvreux raises target price to sek 23 from SEK 22 |
| * M&C Saatchi Plc SAA.L: Panmure Liberum cuts target price to 200p from 220p |
| * Maersk MAERSKb.CO: Kepler Cheuvreux raises target price to dkk 11000 from DKK 10400 |
| * Medincell MEDCL.PA: TP ICAP Midcap cuts target price to EUR 30 from EUR 32 |
| * Mediolanum BMED.MI: Barclays raises target price to EUR 21.6 from EUR 20.5 |
| * Motor Oil MORr.AT: UBS raises target price to EUR 24.4 from EUR 22.6 |
| * National Grid NG.L: Barclays raises target price to 1210p from 1200p |
| * National Grid Plc NG.L: Kepler Cheuvreux raises target price to 1250p from 1200p |
| * National Grid Plc NG.L: Morgan Stanley raises target price to 1275p from 1250p |
| * Novonesis NSISb.CO: Barclays raises target price to DKK 470 from DKK 460 |
| * OCI NV OCI.AS: Kepler Cheuvreux cuts target price to EUR 3.7 from EUR 10 |
| * OCI NV OCI.AS: Kepler Cheuvreux cuts to hold from buy |
| * Odfjell SE ODF.OL: Kepler Cheuvreux cuts target price to NOK 118 from NOK 120 |
| * Outokumpu OUT1V.HE: JP Morgan raises target price to EUR 4.20 from EUR 3.70 |
| * Pinewood Technologies Group Plc PINE.L: Berenberg raises PT to 725p from 700p |
| * PKO Bank Polski SA PKO.WA: Barclays raises target price to PLN 76 from PLN 75 |
| * Poste Italiane SpA PST.MI: UBS raises target price to EUR 22.7 from EUR 19.6 |
| * R&S Group Holding AG RSGN.S: Kepler Cheuvreux cuts target price to CHF 20 from CHF 28 |
| * Raiffeisen Bank Intl RBIV.VI: UBS raises target price to EUR 36 from EUR 31 |
| * Rational AG RAAG.DE: Barclays raises target price to EUR 834 from EUR 816 |
| * Rational AG RAAG.DE: RBC cuts target price to EUR 590 from EUR 600 |
| * Rentokil Initial Plc RTO.L: UBS raises target price to 430p from 380p |
| * Repsol REP.MC: Citigroup raises target price to EUR 18.5 from EUR 14.5 |
| * Rheinmetall AG RHMG.DE: Kepler Cheuvreux raises PT to eur 2128 from EUR 2091 |
| * RS Group RS1R.L: Deutsche Bank raises to buy from hold |
| * S4 Capital SFOR.L: Barclays cuts target price to 23p from 24p |
| * Sabre Insurance Group Plc SBRE.L: RBC cuts target price to 135p from 170p |
| * Sabre Insurance Group Plc SBRE.L: RBC cuts to sector perform from outperform |
| * Sainsbury SBRY.L: Kepler Cheuvreux cuts to reduce from hold |
| * Sainsbury SBRY.L: Kepler Cheuvreux raises target price to 336p from 295p |
| * Salzgitter AG SZGG.DE: JP Morgan raises target price to EUR 28.50 from EUR 16.10 |
| * Salzgitter AG SZGG.DE: JP Morgan raises to neutral from underweight |
| * Securitas AB SECUb.ST: Morgan Stanley raises target price to SEK 114 from SEK 110 |
| * SEGRO SGRO.L: UBS raises target price to 790p from 780p |
| * SFS Group AG SFSN.S: Alphavalue Cuts target price to CHF 124 from CHF 138 |
| * SFS Group AG SFSN.S: Baader Europe cuts target price to CHF 124 from CHF 138 |
| * Shaftesbury Capital Plc SHCS.L: UBS cuts target price to 180p from 185p |
| * Shurgard SHUR.BR: Morgan Stanley cuts target price to EUR 39 from EUR 40 |
| * Siemens Healthineers AG SHLG.DE: Barclays cuts target price to EUR 61 from EUR 64 |
| * Skan AG SKAN.S: UBS cuts target price to CHF 75 from CHF 88 |
| * SKF SKFb.ST: Kepler Cheuvreux raises target price to sek 310 from SEK 270 |
| * Snam SRG.MI: Deutsche Bank raises target price to EUR 6.5 from EUR 6.4 |
| * Solaria SLRS.MC: UBS raises target price to EUR 18.1 from EUR 14.2 |
| * Standard Chartered STAN.L: Deutsche Bank raises target price to 1700p from 1200p |
| * Suss Microtec SMHNn.DE: Deutsche Bank raises target price to EUR 40 from EUR 36 |
| * Suss Microtec SMHNn.DE: Deutsche Bank raises to buy from hold |
| * Tecan TECN.S: Deutsche Bank cuts target price to CHF 165 from CHF 170 |
| * Technip Energies NV TE.PA: JP Morgan cuts target price to EUR 44 from EUR 50 |
| * Telecom Italia TLITn.MI: Barclays raises target price to EUR 0.6 from EUR 0.55 |
| * Tharisa Plc THST.L: Peel Hunt raises target price to 135p from 115p |
| * THE Watches of Switzerland Group WOSG.L: UBS raises target price to 440p from 415p |
| * ThyssenKrupp TKAG.DE: JP Morgan raises target price to EUR 7.70 from EUR 6.30 |
| * TP TEPRF.PA: Morgan Stanley cuts target price to EUR 128 from EUR 133 |
| * UBS Group AG UBSG.S: Barclays raises target price to CHF 30 from CHF 29 |
| * UPM UPM.HE: JP Morgan cuts target price to EUR 23.70 from EUR 26.20 |
| * UPM UPM.HE: JP Morgan cuts to underweight from overweight |
| * Veidekke ASA VEI.OL: Kepler Cheuvreux cuts target price to NOK 166 from NOK 173 |
| * Vestas VWS.CO: Deutsche Bank raises target price to DKK 150 from DKK 115 |
| * Voestalpine AG VOES.VI: JP Morgan raises target price to EUR 40.60 from EUR 30.10 |
| * Voestalpine AG VOES.VI: JP Morgan raises to overweight from neutral |
| * Volkswagen AG VOWG.DE: RBC raises target price to EUR 135 from EUR 130 |
| * Watches of Switzerland WOSG.L: Kepler Cheuvreux raises target price to 430p from 350p |
| * Watches of Switzerland Group WOSG.L: Barclays raises target price to 510p from 425p |
| * WEIR WEIR.L: UBS raises target price to 3450p from 3200p |
| * WEIR Group WEIR.L: Goldman Sachs cuts to neutral from buy |
| * WEIR Group WEIR.L: Goldman Sachs raises target price to 2900p from 2570p |
| * Wise WISEa.L: Barclays cuts target price to 1250p from 1300p |
| * Wise Plc WISEa.L: Deutsche Bank cuts target price to 940p from 990p |
| * Worldline SA WLN.PA: Berenberg cuts target price to EUR 4 from EUR 8 |
| * Zalando SE ZALG.DE: Barclays raises target price to EUR 28 from EUR 27 |
| * Zalando SE ZALG.DE: Berenberg raises target price to EUR 53 from EUR 44 |
| * Zalando SE ZALG.DE: UBS cuts target price to EUR 42 from EUR 43 |
