| * ABB ABBN.S: Barclays raises target price to CHF 46 from CHF 43 |
| * Adidas AG ADSGn.DE: Bernstein raises target price to EUR 270 from EUR 235 |
| * Adidas AG ADSGn.DE: BofA Global Research cuts PT to EUR 160 from EUR 213 |
| * Adidas AG ADSGn.DE: BofA Global Research cuts to underperform from buy |
| * Air Liquide AIRP.PA: Deutsche Bank cuts target price to EUR 205 from EUR 208 |
| * Airbus SE AIR.PA: Bernstein cuts target price to EUR 240 from EUR 245 |
| * Allgeier SE AEIGn.DE: Berenberg cuts to hold from buy |
| * Allgeier SE AEIGn.DE: Berenberg raises target price to EUR 22 from EUR 21 |
| * Alstom SA ALSO.PA: Deutsche Bank raises target price to EUR 31 from EUR 27 |
| * Amrize Ltd AMRZ.S: Morgan Stanley cuts target price to CHF 50 from CHF 51 |
| * Ashtead Group Plc AHT.L: Morgan Stanley raises target price to 6200p from 6000p |
| * Asmi ASMI.AS: UBS raises target price to EUR 685 from EUR 640 |
| * ASML Holding NV ASML.AS: BofA Global Research raises PT to EUR 1,205 from EUR 1,158 |
| * Assa Abloy ASSAb.ST: Barclays cuts target price to SEK 362 from SEK 378 |
| * Auto Trader AUTOA.L: Jefferies cuts target price to 650p from 895p |
| * Auto Trader AUTOA.L: Jefferies cuts to hold from buy |
| * Azelis AZE.BR: Morgan Stanley cuts target price to EUR 12 from EUR 16 |
| * BAE Systems BAES.L: Bernstein cuts target price to 1950p from 2250p |
| * BAE Systems BAES.L: Bernstein cuts to market-perform from outperform |
| * BAE Systems BAES.L: Kepler Cheuvreux raises target price to 1860p from 1540p |
| * BAE Systems BAES.L: Kepler Cheuvreux raises to hold from reduce |
| * Baltic Classifieds Group Plc BCG.L: Jefferies cuts PT to 200p from 333p |
| * Barclays BARC.L: Jefferies raises target price to 560p from 470p |
| * BP Plc BP.L: Morgan Stanley cuts target price to 415p from 456p |
| * Brenntag SE BNRGn.DE: Morgan Stanley cuts target price to EUR 50 from EUR 63 |
| * Brenntag SE BNRGn.DE: Morgan Stanley cuts to underweight from equal weight |
| * Bucher Industries AG BUCN.S: UBS cuts target price to CHF 380 from CHF 395 |
| * Bucher Industries AG BUCN.S: UBS cuts to neutral from buy |
| * Carnival CCL.L: Bernstein raises target price to 2,448.83p from 1,828.17p |
| * Comet Holding AG COTNE.S: BofA Global Research raises PT to CHF 172 from CHF 156 |
| * Dassault Aviation SA AM.PA: Bernstein cuts target price to EUR 310 from EUR 319 |
| * Dassault Aviation SA AM.PA: Bernstein cuts to market-perform from outperform |
| * DCC Plc DCC.L: Morgan Stanley cuts target price to 5750p from 6150p |
| * DCC Plc DCC.L: Morgan Stanley cuts to equal weight from overweight |
| * Diageo DGE.L: RBC raises to outperform from sector perform |
| * Diploma Plc DPLM.L: BofA Global Research reinstates coverage with buy rating |
| * Diploma Plc DPLM.L: BofA Global Research reinstates coverage with PT 6,200p |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley cuts target price to EUR 81 from EUR 98 |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley cuts target price to EUR 81 from EUR 98 |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley cuts to equal weight from overweight |
| * DSM-Firmenich AG DSFIR.AS: Morgan Stanley cuts to equal-weight from overweight |
| * ENI SpA ENI.MI: Morgan Stanley cuts target price to EUR 16 from EUR 16.2 |
| * Equinor ASA EQNR.OL: Morgan Stanley cuts target price to NOK 214 from NOK 231 |
| * Eurofins Scientific SE EUFI.PA: Morgan Stanley raises PT to EUR 64 from EUR 61 |
| * EVN AG EVNV.VI: Alphavalue raises target price to EUR 31.1 from EUR 27.9 |
| * Galp Energia GALP.LS: Morgan Stanley raises target price to EUR 16.5 from EUR 16 |
| * Galp Energia GALP.LS: Morgan Stanley raises to overweight from equal weight |
| * Gamma Communications Plc GAMA.L: Deutsche Bank cuts target price to 1460p from 1850p |
| * Genmab GMAB.CO: Deutsche Bank raises target price to DKK 2400 from DKK 2000 |
| * Givaudan SA GIVN.S: Morgan Stanley raises to equal-weight from underweight |
| * Heineken NV HEIN.AS: Deutsche Bank raises target price to EUR 86 from EUR 84 |
| * Heineken NV HEIN.AS: RBC cuts target price to EUR 76 from EUR 88 |
| * Heineken NV HEIN.AS: RBC cuts to sector perform from outperform |
| * Hemnet HEM.ST: Citigroup cuts target price to SEK 180 from SEK 259 |
| * Hemnet HEM.ST: Jefferies cuts target price to SEK 310 from SEK 360 |
| * IAG ICAG.L: Bernstein raises target price to 490p from 475p |
| * IAG ICAG.MC: Morgan Stanley raises target price to EUR 5.40 from EUR 5.20 |
| * Ibstock IBST.L: Deutsche Bank cuts target price to 144p from 190p |
| * Ibstock IBST.L: Deutsche Bank cuts to hold from buy |
| * IMCD NV IMCD.AS: Morgan Stanley cuts target price to EUR 100 from EUR 139 |
| * IMCD NV IMCD.AS: Morgan Stanley cuts to equal weight from overweight |
| * Infineon Technologies AG IFXGn.DE: BofA Global Research raises PT to EUR 46 from EUR 42 |
| * ING Groep INGA.AS: Barclays raises target price to EUR 28 from EUR 23.2 |
| * ISS ISS.CO: Morgan Stanley raises target price to DKK 245 from DKK 190 |
| * ISS ISS.CO: Morgan Stanley raises to overweight from equalweight |
| * JD Sports JD.L: BofA Global Research cuts PT to 96p from 112p |
| * JD Sports JD.L: BofA Global Research cuts to neutral from buy |
| * Jerónimo Martins JMT.LS: Barclays cuts target price to EUR 24.5 from EUR 25 |
| * Jupiter JUP.L: Deutsche Bank raises target price to 165p from 160p |
| * Kerry Group Plc KYGa.I: Morgan Stanley cuts target price to EUR 89 from EUR 91 |
| * Kone Oyj KNEBV.HE: JP Morgan resumes coverage with neutral rating |
| * Kone Oyj KNEBV.HE: JP Morgan resumes coverage with target price EUR 65 |
| * Legrand LEGD.PA: Barclays cuts target price to EUR 159 from EUR 164 |
| * Legrand LEGD.PA: Deutsche Bank cuts target price to EUR 145 from EUR 150 |
| * Leonardo SpA LDOF.MI: Bernstein raises target price to EUR 60 from EUR 55 |
| * Liontrust LIO.L: Deutsche Bank cuts target price to 175p from 250p |
| * Liontrust LIO.L: Deutsche Bank cuts to sell from hold |
| * Lloyds LLOY.L: Jefferies raises target price to 119p from 105p |
| * Logitech International SA LOGN.S: BofA Global Research cuts PT to CHF 87 from CHF 97 |
| * Man Group EMG.L: Deutsche Bank raises target price to 270p from 260p |
| * Man Group Plc EMG.L: UBS raises target price to 280p from 220p |
| * Mondi MNDI.L: Jefferies cuts target price to 1,235p from 1,400p |
| * Natwest Group Plc NWG.L: Jefferies raises PT to 720p from 630p |
| * Nexans NEXS.PA: JP Morgan raises PT to EUR 145 from EUR 131 |
| * Next Plc NXT.L: Peel Hunt raises target price to 13,900p from 13,000p |
| * Nokian Tyres TYRES.HE: Deutsche Bank raises target price to EUR 9 from EUR 7 |
| * Omai Gold Mines Corp:IOMG.L: Deutsche Bank cuts PT to 20p from 24p |
| * Orange SA ORAN.PA: Citigroup raises target price to EUR 15.8 from EUR 14 |
| * Orange SA ORAN.PA: Citigroup raises to buy from neutral |
| * Orange SA ORAN.PA: UBS raises target price to EUR 16.2 from EUR 15.2 |
| * Orsted ORSTED.CO: Citigroup raises target price to DKK 132 from DKK 122 |
| * Orsted ORSTED.CO: Citigroup raises to neutral from sell |
| * OSB Group OSBO.L: Jefferies raises target price to 740p from 635p |
| * Oxford Biomedica Plc OXB.L: Deutsche Bank raises target price to 735p from 380p |
| * Oxford Biomedica Plc OXB.L: Deutsche Bank raises to buy from hold |
| * Palfinger AG PALF.VI: Deutsche Bank cuts target price to EUR 45 from EUR 50 |
| * Paragon Banking PAGPA.L: Jefferies raises target price to 1,060p from 1,015p |
| * Paragon Banking PAGPA.L: Jefferies raises to buy from hold |
| * Property Franchise Group Plc TPFG.L: Stifel initiates coverage with buy rating |
| * Property Franchise Group Plc TPFG.L: Stifel initiates coverage with PT 650p |
| * Raiffeisen Bank International AG RBIV.VI:Citigroup raises PT to EUR 41.5 from EUR 37.1 |
| * Rational AG RAAG.DE: Baader Helvea raises target price to EUR 737 from EUR 720 |
| * Rentokil RTO.L: Morgan Stanley raises target price to 520p from 450p |
| * Rentokil RTO.L: Morgan Stanley raises to overweight from equalweight |
| * Rentokil Initial Plc RTO.L: Morgan Stanley raises PT to 520p from 450p |
| * Rentokil Initial Plc RTO.L: Morgan Stanley raises to overweight from equal weight |
| * Rexel SA RXL.PA: Barclays cuts target price to EUR 31 from EUR 32 |
| * Rheinmetall AG RHMG.DE: Bernstein cuts PTto EUR 2000 from EUR 2050 |
| * RS Group Plc RS1R.L: Morgan Stanley raises to overweight from equalweight |
| * Safran SAF.PA: Bernstein raises target price to EUR 380 from EUR 370 |
| * Schindler Holding AG SCHP.S: JP Morgan resumes coverage with overweight rating |
| * Schindler Holding AG SCHP.S: JP Morgan resumes coverage with PT CHF 340 |
| * Schott pharma AG & Co KGaA 1SXP.DE: Citigroup cuts target price to EUR 21 from EUR 35 |
| * Schroders SDR.L: Deutsche Bank raises target price to 450p from 440p |
| * Scout24 SE G24n.DE: Jefferies cuts target price to EUR 105 from EUR 106 |
| * Scout24 SE G24n.DE: Jefferies raises to buy from hold |
| * Serco SRP.L: Deutsche Bank raises target price to 245p from 215p |
| * SGS SA SGSN.S: Morgan Stanley cuts to equal weight from overweight |
| * Shell Plc SHEL.L: Morgan Stanley cuts target price to 2811p from 3007p |
| * Siemens AG SIEGN.DE: HSBC cuts target price to EUR 235 from EUR 240 |
| * Siltronic AG WAFGn.DE: BofA Global Research cuts PT to EUR 39 from EUR 42 |
| * SMG Swiss Marketplace Group Holding AG SMGC.S: Jefferies raises to buy from hold |
| * Soitec SA SOIT.PA: BofA Global Research cuts price objective to EUR 28 from EUR 30 |
| * Spie SPIE.PA: Morgan Stanley raises target price to EUR 49.5 from EUR 48.5 |
| * SSP SSPG.L: Barclays cuts to equal-weight from overweight |
| * Straumann STMN.S: Deutsche Bank cuts target price to CHF 118 from CHF 122 |
| * Thales TCFP.PA: Bernstein raises target price to EUR 275 from EUR 259 |
| * Thales TCFP.PA: Bernstein raises to outperform from market-perform |
| * ThyssenKrupp Nucera NCH2.DE: Deutsche Bank raises to buy from hold |
| * ThyssenKrupp Nucera AG & Co KGaA NCH2.DE: Deutsche Bank cuts PT to EUR 11 from EUR 12 |
| * TKMS AG & Co KGaA TKMS.DE: Bernstein cuts target price to EUR 67 from EUR 74 |
| * TKMS AG & Co KGaA TKMS.DE: Bernstein raises to market-perform from underperform |
| * Totalenergies SE TTEF.PA: Morgan Stanley cuts target price to EUR 61.3 from EUR 62 |
| * Umicore SA UMI.BR: Deutsche Bank raises target price to EUR 16 from EUR 13.60 |
| * VAT Group AG VACN.S: BofA Global Research raises PT to CHF 506 from CHF 385 |
| * VAT Group AG VACN.S: UBS raises target price to CHF 430 from CHF 380 |
| * Vend Marketplaces ASA VEND.OL: Jefferies cuts target price to NOK 310 from NOK 370 |
| * WH Smith SMWH.L: Deutsche Bank cuts target price to 600p from 650p |
| * Zehnder Group AG ZEHN.S: Berenberg initiates coverage with buy rating |
| * Zehnder Group AG ZEHN.S: Berenberg initiates coverage with target price CHF 100 |
