| * Adecco Group AG ADEN.S: RBC raises target price to CHF 30 from CHF 29 |
| * Adidas AG ADSGn.DE: RBC cuts target price to EUR 260 from EUR 270 |
| * Admiral Group Plc ADML.L: Morgan Stanley raises target price to 3300p from 2612p |
| * Admiral Group Plc ADML.L: Morgan Stanley raises to equal weight from underweight |
| * Beiersdorf AG BEIG.DE: Jefferies cuts target price to EUR 125 from EUR 140 |
| * BPER EMII.MI: UBS raises target price to EUR 11 from EUR 10.5 |
| * BT Group Plc BT.L: Morgan Stanley raises target price to 260p from 240p |
| * Burberry BRBY.L: RBC raises target price to 1500p from 1200p |
| * Chesnara Plc CSN.L: Peel Hunt raises target price to 330p from 300p |
| * Chesnara Plc CSN.L: Peel Hunt raises to buy from add |
| * Deutsche Telekom DTEGn.DE: UBS raises target price to EUR 36.1 from EUR 35.4 |
| * DR Martens Plc DOCS.L: RBC raises target price to 100p from 90p |
| * Elementis Plc ELM.L: JP Morgan cuts to neutral from overweight |
| * Erste Group Bank AG ERST.VI: UBS raises target price to EUR 93 from EUR 80 |
| * GEA Group G1AG.DE: UBS raises target price to EUR 73 from EUR 67 |
| * Harbour Energy Plc HBR.L: Berenberg raises target price to 220p from 200p |
| * Hays HAYS.L: Kepler Cheuvreux initiates coverage with hold rating; PT 68p |
| * Henkel HNKG_p.DE: UBS cuts target price to EUR 75 from EUR 84 |
| * Henkel AG & Co KGaA HNKG_p.DE: Deutsche Bank raises PT to EUR 81 from EUR 80 |
| * Hermes HRMS.PA: RBC cuts target price to EUR 2400 from EUR 2600 |
| * IAG ICAG.L: Peel Hunt raises target price to 450p from 420p |
| * Imcd NV IMCD.AS: Berenberg cuts target price to EUR 146 from EUR 155 |
| * Intercontinental Hotels Group IHG.L: UBS raises target price to 9450p from 8950p |
| * Italy'S Prysmian PRY.MI: Bernstein raises target price to EUR 80 from EUR 70 |
| * Italy'S Prysmian PRY.MI: Morgan Stanley raises target price to EUR 65 from EUR 60 |
| * Just Group JUSTJ.L: Jefferies cuts to hold from buy; raises PT to 219p from 170p |
| * KBC Groep NV KBC.BR: BofA Global Research raises PO to EUR 115 from EUR 88 |
| * KBC Groep NV KBC.BR: BofA Global Research raises to buy from neutral |
| * KBC Groep NV KBC.BR: UBS raises target price to EUR 95 from EUR 91 |
| * KBC Group NV KBC.BR: Morgan Stanley raises target price to EUR 117 from EUR 105 |
| * Kering PRTP.PA: RBC raises target price to EUR 220 from EUR 170 |
| * L'Oreal OREP.PA: Jefferies raises target price to EUR 371 from EUR 369 |
| * Maersk MAERSKb.CO: JP Morgan raises target price to DKK 8450 from DKK 7800 |
| * Merck KGaA MRCG.DE: Deutsche Bank cuts target price to EUR 133 from EUR 140 |
| * Merck KGaA MRCG.DE: UBS cuts target price to EUR 154 from EUR 162 |
| * Metso METSO.HE: Citigroup resumes coverage with neutral rating; PT EUR 11.8 |
| * Mitie Group Plc MTO.L: Deutsche Bank raises target price to 170p from 165p |
| * Mondi MNDI.L: JP Morgan cuts target price to 1240p from 1460p |
| * MTU Aero Engines AG MTXGn.DE: Bernstein raises target price to EUR 428 from EUR 405 |
| * Munich Re MUVGn.DE: Berenberg cuts target price to EUR 629 from EUR 641 |
| * NN Group NV NN.AS: Berenberg raises target price to EUR 70 from EUR 65.9 |
| * NN Group NV NN.AS: Kepler Cheuvreux raises target price to EUR 61 from EUR 52.6 |
| * NN Group NV NN.AS: Kepler Cheuvreux raises to hold from reduce |
| * Ocado OCDO.L: Jefferies raises target price to 360p from 260p |
| * R&S Group RSGN.S: UBS raises target price to CHF 45 from CHF 36 |
| * Reckitt RKT.L: Jefferies raises target price to 5,200p from 5,000p |
| * Recordati RECI.MI: Jefferies raises target price to EUR 61.5 from EUR 55 |
| * Recordati RECI.MI: Jefferies raises to buy from hold |
| * Rolls Royce RR.L: Bernstein raises target price to 900p from 676p |
| * Rolls Royce RR.L: Citigroup raises target price to 1101p from 641p |
| * Rolls Royce RR.L: JP Morgan raises target price to 1245p from 1040p |
| * Rotork Plc ROR.L: Jefferies raises target price to 440p from 430p |
| * RTL Group SA RRTL.DE: Bernstein raises target price to EUR 31 from EUR 28 |
| * Safran SAF.PA: Bernstein raises target price to EUR 320 from EUR 308 |
| * Schneider Electric SCHN.PA: Citigroup cuts target price to EUR 272 from EUR 277 |
| * Schroders SDR.L: Morgan Stanley raises target price to 326p from 300p |
| * Segro SGRO.L: Peel Hunt cuts target price to 750p from 785p |
| * Siemens SIEGn.DE: Morgan Stanley raises target price to EUR 246 from EUR 238 |
| * Swatch Group AG UHR.S: RBC cuts target price to CHF 120 from CHF 130 |
| * Symrise AG SY1G.DE: Baader Helvea cuts target price to EUR 100 from EUR 116 |
| * Symrise AG SY1G.DE: Baader Helvea raises to buy from add |
| * Technip Energies NV TE.PA: Jefferies raises target price to EUR 50 from EUR 31 |
| * Totalenergies SE TTEF.PA: Berenberg cuts target price to EUR 60 from EUR 61 |
| * Yara YAR.OL: Citigroup raises target price to NOK 430 from NOK 370 |
