| * Adyen NV ADYEN.AS: TD Cowen raises target price to EUR 1175 from EUR 1168 |
| * Air France-KLM AIRF.PA: Alphavalue cuts to reduce from add |
| * Alimak Group AB (Publ) ALIG.ST: Berenberg raises PT to SEK 150 from SEK 145 |
| * Anheuser Busch Inbev SA ABI.BR: JP Morgan raises target price to EUR 80 |
| * Ariston Holding NV ARIS.MI: Morgan Stanley raises PT to EUR 3.6 from EUR 3.5 |
| * Arkema SA AKE.PA: Bernstein raises target price to EUR 68 from EUR 64 |
| * ASML Holding NV ASML.AS: BofA Global Research raises PT to EUR 1710 from EUR 1598 |
| * Avanza Bank AVANZ.ST: JP Morgan cuts target price to SEK 329 from SEK 357 |
| * Balfour Beatty BALF.L: Peel Hunt raises target price to 960p from 800p |
| * Banco Bpm BAMI.MI: UBS raises target price to EUR 12.9 from EUR 12.8 |
| * Basler AG BSLG.DE: Berenberg raises target price to EUR 27 from EUR 22 |
| * BMW BMWG.DE: Jefferies raises target price to EUR 92 from EUR 90 |
| * Boliden BOL.ST: Morgan Stanley raises target price to SEK 493 from SEK 484 |
| * Bpost BPOST.BR: Barclays cuts target price to EUR 1.8 from EUR 1.95 |
| * Ceres Power Holdings Plc CWR.L: Jefferies raises target price to 920p from 480p |
| * Chapters Group AG CHG1.DE: Berenberg initiates coverage with buy rating |
| * Chapters Group AG CHG1.DE: Berenberg initiates coverage with target price EUR 42 |
| * Continental AG CONG.DE: Berenberg raises target price to EUR 74 from EUR 69 |
| * Credem EMBI.MI: Barclays raises target price to EUR 15.4 from EUR 14.5 |
| * Credit Agricole S.A. CAGR.PA: Morgan Stanley cuts target price to EUR 19 from EUR 20 |
| * Daimler Truck DTGGe.DE: Deutsche Bank raises target price to EUR 50 from EUR 49 |
| * Daimler Truck Holding AG DTGGe.DE: Citigroup raises PT to EUR 49.9 from EUR 49.5 |
| * Daimler Truck Holding AG DTGGe.DE: UBS raises target price to EUR 46 from EUR 45 |
| * Demant DEMANT.CO: Bernstein raises target price to DKK 267 from DKK 260 |
| * Demant DEMANT.CO: Goldman Sachs raises target price to DKK 275 from DKK 250 |
| * Demant DEMANT.CO: Jefferies raises target price to DKK 275 from DKK 245 |
| * Deutsche Bank DBKGn.DE: Morgan Stanley cuts target price to EUR 34 from EUR 35 |
| * Deutsche Lufthansa AG LHAG.DE: Morgan Stanley raises PT to EUR 7.3 from EUR 7.2 |
| * DHL Group DHLn.DE: Citigroup raises target price to EUR 58 from EUR 52 |
| * Diageo DGE.L: Deutsche Bank raises target price to 1759p from 1650p |
| * DSM-Firmenich AG DSFIR.AS: Barclays raises target price to EUR 74 from EUR 72 |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley raises target price to EUR 69 from EUR 66 |
| * Electrolux AB ELUXb.ST: UBS cuts target price to SEK 58 from SEK 70 |
| * Endeavour Mining Plc EDV.L: JP Morgan cuts target price to 5,700p from 5,900p |
| * Endesa SA ELE.MC: Morgan Stanley raises target price to EUR 34 from EUR 33 |
| * Epiroc EPIRa.ST: Jefferies raises target price to SEK 305 from SEK 250 |
| * Equinor ASA EQNR.OL: UBS cuts target price to NOK 380 from NOK 410 |
| * Erste Group Bank AG ERST.VI: JP Morgan raises target price to EUR 125 from EUR 122 |
| * Eurocell Plc ECEL.L: Peel Hunt cuts target price to 170p from 180p |
| * Ferrari N.V. RACE.MI: Barclays cuts target price to EUR 355 from EUR 360 |
| * Forterra Plc FORT.L: Peel Hunt cuts target price to 200p from 220p |
| * Fresenius Medical Care AG FMEG.DE: Barclays cuts target price to EUR 46 from EUR 46.5 |
| * Fresenius SE & Co KGaA FREG.DE: Barclays cuts target price to EUR 56.5 from EUR 57 |
| * Geberit AG GEBN.S: Jefferies raises target price to CHF 698 from CHF 669 |
| * Gecina GFCP.PA: Barclays cuts target price to EUR 77 from EUR 81 |
| * Genuit Group Plc GENG.L: Peel Hunt cuts target price to 360p from 400p |
| * Grafton Group GFTU_u.L: Peel Hunt cuts target price to 1160p from 1170p |
| * Greggs Plc GRG.L: Barclays cuts target price to 1750p from 1910p |
| * Helios Towers HTWS.L: Berenberg raises target price to 275p from 230p |
| * HSBC Plc HSBA.L: UBS raises target price to 1425p from 1419p |
| * Ibstock IBST.L: Peel Hunt cuts target price to 125p from 145p |
| * Icade SA ICAD.PA: Barclays cuts target price to EUR 17 from EUR 18 |
| * Infineon Technologies IFXGn.DE: Deutsche Bank raises PT to EUR 70 from EUR 52 |
| * Infineon Technologies AG IFXGn.DE: Barclays raises target price to EUR 63 from EUR 44 |
| * Infineon Technologies AG IFXGn.DE: Bernstein raises target price to EUR 74 from EUR 52 |
| * Infineon Technologies AG IFXGN.DE: HSBC raises target price to EUR 68 from EUR 55 |
| * Infineon Technologies AG IFXGn.DE: Jefferies raises PT to EUR 75 from EUR 52 |
| * Infineon Technologies AG IFXGn.DE: JP Morgan raises target price to EUR 74 from EUR 48 |
| * Infineon Technologies AG IFXGn.DE: Morgan Stanley raises PT to EUR 63 from EUR 58 |
| * Infineon Technologies AG IFXGn.DE: Susquehanna raises target price to EUR 70 from EUR 60 |
| * Infineon Technologies AG IFXGn.DE: TD Cowen raises target price to EUR 70 from EUR 51 |
| * Infineon Technologies AG IFXGn.DE: UBS raises target price to EUR 61 from EUR 45 |
| * ING Groep INGA.AS: Barclays raises target price to EUR 30.1 from EUR 28 |
| * ING Groep NV INGA.AS: JP Morgan raises target price to EUR 28.9 from EUR 28.5 |
| * ISS ISS.CO: Jefferies raises target price to DKK 285 from DKK 275 |
| * Italy's Prysmian PRY.MI: Citigroup raises target price to EUR 146 from EUR 113 |
| * ITM Power Plc ITM.L: Jefferies raises target price to 200p from 115p |
| * Jyske Bank JYSK.CO: UBS raises target price to DKK 946 from DKK 940 |
| * Karnov Group AB (Publ) KARNO.ST: Berenberg raises target price to SEK 125 from SEK 115 |
| * Lancashire Holdings Limited LRE.L: Morgan Stanley cuts PT to 590p from 605p |
| * Logitech LOGN.S: Deutsche Bank raises target price to CHF 80 from CHF 75 |
| * Lottomatica LTMC.MI: Deutsche Bank raises target price to EUR 32.1 from EUR 26.4 |
| * M&G MNG.L: JP Morgan raises target price to 325p from 315p |
| * Marshalls MSLH.L: Peel Hunt cuts target price to 250p from 290p |
| * Munters Group AB MTRS.ST: Berenberg raises target price to SEK 185 from SEK 175 |
| * Next Plc NXT.L: Barclays raises target price to 13700p from 13100p |
| * Novo Nordisk NOVOb.CO: Barclays raises target price to DKK 300 from DKK 270 |
| * Novo Nordisk NOVOb.CO: Deutsche Bank raises target price to DKK 290 from DKK 275 |
| * Novonesis NSISb.CO: Citigroup raises target price to DKK 440 from DKK 415 |
| * Novonesis NSISb.CO: UBS raises target price to DKK 480 from DKK 455 |
| * Ntg Nordic Transport Group NTGNT.CO: Barclays raises PT to DKK 290 from DKK 285 |
| * Orsted ORSTED.CO: Berenberg raises target price to DKK 195 from DKK 180 |
| * Ørsted ORSTED.CO: HSBC raises target price to DKK 179 from DKK 174 |
| * Pandora A/S PNDORA.CO: UBS raises target price to DKK 470 from DKK 430 |
| * Polar Capital POLR.L: Deutsche Bank raises target price to 1050p from 900p |
| * Prysmian SpA PRY.MI: UBS raises target price to EUR 175 from EUR 135 |
| * Raiffeisen Bank International AG RBIV.VI: Barclays raises PT to EUR 42 from EUR 40 |
| * Raiffeisen Bank Intl. RBIV.VI: Deutsche Bank raises PT to EUR 37 from EUR 35 |
| * Raspberry PI RPI.L: Deutsche Bank raises target price to 550p from 300p |
| * Rational AG RAAG.DE: Alphavalue raises target price to EUR 744 from EUR 731 |
| * Rational AG RAAG.DE: Bernstein raises target price to EUR 1045 from EUR 1035 |
| * Rational AG RAAG.DE: Deutsche Bank raises target price to EUR 773 from EUR 744 |
| * Rational AG RAAG.DE: RBC raises target price to EUR 680 from EUR 640 |
| * Redcare Pharmacy N.V. RDC.DE: UBS raises target price to EUR 55 from EUR 53 |
| * Relx REL.L: Morgan Stanley cuts target price to 2970p from 3320p |
| * Relx REL.L: Morgan Stanley cuts to equal weight from overweight |
| * Renishaw RSW.L: Barclays raises target price to 4910p from 3840p |
| * Renishaw RSW.L: UBS raises target price to 5525p from 4750p |
| * Renishaw Plc RSW.L: Panmure Liberum raises target price to 5,000p from 4,420p |
| * Rockhopper Exploration Plc RKH.L: Peel Hunt raises target price to 97p from 65p |
| * SCA AB SCAb.ST: Alphavalue cuts target price to SEK 144 from SEK 177 |
| * Scor SE SCOR.PA: Morgan Stanley raises target price to EUR 37.5 from EUR 36 |
| * Sdiptech AB (Publ) SDIPb.ST: Berenberg raises target price to SEK 270 from SEK 265 |
| * Smith & Nephew Plc SN.L: Barclays cuts target price to 1300p from 1305p |
| * Strix Group Plc KETL.L:Stifel resumes coverage with buy rating; target price 54p |
| * Teamviewer AG TMV.DE: Deutsche Bank raises target price to EUR 6.5 from EUR 6 |
| * Technogym SpA TGYM.MI: Berenberg raises target price to EUR 24.5 from EUR 18.6 |
| * Tele2 AB TEL2b.ST: Citigroup cuts to neutral from buy |
| * Telenor TEL.OL: Citigroup cuts target price to NOK 167 from NOK 180 |
| * Telenor TEL.OL: Citigroup cuts to neutral from buy |
| * Telia TELIA.ST: Citigroup cuts to neutral from buy |
| * Telia TELIA.ST: Citigroup raises target price to SEK 49 from SEK 44 |
| * Trainline TRNT.L: BofA Global Research raises price objective to 415p from 392p |
| * Trainline TRNT.L: JP Morgan cuts target price to 220p from 230p |
| * Trainline Plc TRNT.L: Barclays raises target price to 225p from 220p |
| * Travis Perkins TPK.L: Peel Hunt cuts target price to 660p from 740p |
| * UBS Group AG UBSG.S: Morgan Stanley raises target price to CHF 35 from CHF 32 |
| * UBS Group AG UBSG.S: RBC raises target price to CHF 38 from CHF 37 |
| * Umicore UMI.BR: Deutsche Bank raises target price to EUR 22.3 from EUR 17.2 |
| * Unicaja Banco SA UNI.MC: Barclays raises target price to EUR 3 from EUR 2.9 |
| * Unicredit CRDI.MI: Barclays raises target price to EUR 82.4 from EUR 81 |
| * United Utilities Group Plc UU.L: Morgan Stanley raises PT to 1620p from 1490p |
| * Universal Music Group UMG.AS: HSBC cuts target price to EUR 18.5 from EUR 19 |
| * Veolia Environnement VIE.PA: Deutsche Bank raises target price to EUR 39 from EUR 35 |
| * Vestas VWS.CO: JP Morgan raises target price to DKK 216 from DKK 212 |
| * Wacker Chemie WCHG.DE: Deutsche Bank raises target price to EUR 92.6 from EUR 76 |
| * Wickes Group Plc WIX.L: Peel Hunt cuts target price to 265p from 275p |
| * Wolters Kluwer WLSNc.AS: Morgan Stanley cuts target price to EUR 80.5 from EUR 82.5 |
| * Zalando SE ZALG.DE: Barclays cuts target price to EUR 35 from EUR 37 |
| * Zalando SE ZALG.DE: Morgan Stanley cuts target price to EUR 23.5 from EUR 24 |
