| * ABN Amro ABNd.AS: Deutsche Bank raises target price to EUR 27 from EUR 24 |
| * Acerinox ACX.MC: JP Morgan raises target price to EUR 12 from EUR 11 |
| * Adecco Group ADEN.S: Morgan Stanley cuts target price to CHF 22.5 from CHF 25 |
| * ADP ADP.PA: JP Morgan cuts to neutral from overweight |
| * ADP ADP.PA: JP Morgan raises target price to EUR 132 from EUR 128 |
| * Airbus SE AIR.PA: Jefferies cuts target price to EUR 230 from EUR 235 |
| * Anglo American AAL.L: JP Morgan raises target price to 3220p from 2760p |
| * Antofagasta ANTO.L: JP Morgan raises target price to 3500p from 3400p |
| * Aperam SA APAM.AS: JP Morgan raises target price to EUR 35 from EUR 30.8 |
| * ArcelorMittal SA MT.AS: JP Morgan raises target price to EUR 45 from EUR 42 |
| * ASM International NV ASMI.AS: Morgan Stanley cuts PT to EUR 600 from EUR 650 |
| * ASML Holding NV ASML.AS: BofA Global Research raises PT to EUR 1158 from EUR 986 |
| * AstraZeneca Plc AZN.L: Morgan Stanley raises target price to 15000p from 14000p |
| * Auction Technology Group Plc ATG.L: JP Morgan cuts target price to 685p from 695p |
| * Auto Trader AUTOA.L: JP Morgan raises target price to 635p from 630p |
| * Auto1 Group SE AG1G.DE: JP Morgan raises target price to EUR 42 from EUR 40 |
| * Baltic Classifieds Group Plc BCG.L: JP Morgan raises target price to 208p from 194p |
| * Barratt Redrow Plc BTRW.L: Morgan Stanley cuts target price to 460p from 510p |
| * Bayer AG BAYGn.DE: BMO raises target price to EUR 34 from EUR 26 |
| * Bayer AG BAYGn.DE: Morgan Stanley raises target price to EUR 40 from EUR 29 |
| * Bayer AG BAYGn.DE: Morgan Stanley raises to overweight from equal weight |
| * Berkeley Group BKGH.L: Jefferies raises target price to 5037p from 4109p |
| * Berkeley Group BKGH.L: Jefferies raises to buy from hold |
| * Berkeley Group Holdings Plc BKGH.L: Morgan Stanley cuts PT to 3750p from 4180p |
| * Bilfinger GBFG.DE: Deutsche Bank raises target price to EUR 120 from EUR 115 |
| * Bilfinger GBFG.DE: UBS raises target price to EUR 101 from EUR 98 |
| * Boliden BOL.ST: JP Morgan raises target price to SEK 480 from SEK 400 |
| * Bunzl BNZL.L: Bernstein cuts target price to 2800p from 2900p |
| * Buzzi BZU.MI: JP Morgan cuts to neutral from overweight |
| * Buzzi BZU.MI: JP Morgan raises target price to EUR 58 from EUR 54 |
| * Caledonia Mining Corporation Plc CALq.L: Panmure Liberum cuts PT to 1800p from 2300p |
| * CIE Automotive CIEA.MC: UBS initiates coverage with buy rating; PT EUR 36 |
| * Delivery Hero SE DHER.DE: JP Morgan raises target price to EUR 34 from EUR 31 |
| * DR ING HC F Porsche AG P911_p.DE: Citigroup cuts target price to EUR 55 from EUR 56 |
| * Drax Group Plc DRX.L: Citigroup raises target price to 850p from 689p |
| * Drax Group Plc DRX.L: Citigroup raises to buy from neutral |
| * Drax Group Plc DRX.L: Morgan Stanley raises target price to 900p from 710p |
| * Drax Group Plc DRX.L: Morgan Stanley raises to overweight from equal weight |
| * E.ON SE EONGn.DE: Morgan Stanley raises to overweight from equal weight |
| * EasyJet EZJ.L: RBC cuts target price to 590p from 620p |
| * EDPR EDPR.LS: Citigroup cuts target price to EUR 13.5 from EUR 13.8 |
| * EDPR EDPR.LS: Citigroup raises to buy from neutral |
| * Eiffage FOUG.PA: JP Morgan raises target price to EUR 137 from EUR 135 |
| * Elia Group SA ELI.BR: Citigroup raises target price to EUR 118 from EUR 110 |
| * Elkem ASA ELK.OL: Kepler Cheuvreux initiates coverage with buy rating |
| * Elkem ASA ELK.OL: Kepler Cheuvreux initiates coverage with target price NOK 32.1 |
| * Enagas ENAG.MC: Citigroup cuts to sell from neutral |
| * Enagas ENAG.MC: Citigroup raises target price to EUR 13.1 from EUR 12.8 |
| * Endesa SA ELE.MC: Morgan Stanley raises target price to EUR 29 from EUR 27 |
| * ENEL ENEI.MI: Morgan Stanley cuts to underweight from equal weight |
| * ENEL ENEI.MI: Morgan Stanley raises target price to EUR 8.6 from EUR 8.3 |
| * Engie SA ENGIE.PA: Citigroup raises target price to EUR 24.5 from EUR 19 |
| * Ferrovial FERF.AS: JP Morgan raises target price to EUR 65 from EUR 58 |
| * Flughafen Zuerich AG FHZN.S: JP Morgan raises target price to CHF 275 from CHF 270 |
| * Fraport FRAG.DE: JP Morgan raises target price to EUR 83 from EUR 77 |
| * Fraport FRAG.DE: JP Morgan raises to overweight from neutral |
| * Geberit AG GEBN.S: Jefferies raises target price to CHF 732 from CHF 711 |
| * Geberit AG GEBN.S: JP Morgan raises target price to CHF 630 from CHF 600 |
| * Glencore GLEN.L: JP Morgan raises target price to 450p from 400p |
| * Hays Plc HAYS.L: Morgan Stanley cuts target price to 50p from 55p |
| * Heidelberg Materials HEIG.DE: Jefferies raises target price to EUR 300 from EUR 245.2 |
| * Heidelberg Materials HEIG.DE: JP Morgan raises target price to EUR 260 from EUR 231 |
| * Hellofresh SE HFGG.DE: JP Morgan cuts target price to EUR 6 from EUR 8 |
| * Hemnet HEM.ST: JP Morgan raises target price to SEK 159 from SEK 156 |
| * Hochschild HOCM.L: JP Morgan cuts target price to 600p from 610p |
| * Holcim AG HOLN.S: Jefferies cuts target price to CHF 82.9 from CHF 83.5 |
| * Holcim AG HOLN.S: Jefferies cuts to hold rating |
| * Holcim AG HOLN.S: JP Morgan raises target price to CHF 84 from CHF 77 |
| * Howden Joinery HWDN.L: JP Morgan raises target price to 900p from 884p |
| * Hydro NHY.OL: JP Morgan raises target price to NOK 86 from NOK 74 |
| * Inditex ITX.MC: JP Morgan raises target price to EUR 55 from EUR 50 |
| * Inditex ITX.MC: RBC raises target price to EUR 57 from EUR 52 |
| * Informa INF.L: JP Morgan raises target price to 1345p from 1120p |
| * Informa Plc INF.L: UBS raises target price to 1075p from 1055p |
| * Italgas IG.MI: Morgan Stanley cuts to equal weight from overweight |
| * Merck KGaA MRCG.DE: Exane BNP Paribas raises target price to EUR 145 from EUR 116 |
| * Merck KGaA MRCG.DE: Exane BNP Paribas raises to outperform from underperform |
| * Merck KGaA MRCG.DE: Morgan Stanley raises target price to EUR 135 from EUR 130 |
| * Michelin MICP.PA: UBS cuts to neutral from buy; cuts target price to EUR 30 from EUR 33 |
| * Nextenergy Solar Fund Ltd NESF.L: RBC cuts target price to 75p from 85p |
| * Novartis AG NOVN.S: Morgan Stanley maintains overweight rating |
| * On the Beach Group Plc OTB.L: Deutsche Bank raises target price to 345p from 320p |
| * Orsted ORSTED.CO: Citigroup raises target price to DKK 122 from DKK 105.6 |
| * Orsted ORSTED.CO: Morgan Stanley raises target price to DKK 145 from DKK 135 |
| * Outokumpu OUT1V.HE: JP Morgan raises target price to EUR 4.6 from EUR 4.2 |
| * Pagegroup PAGE.L: Morgan Stanley cuts target price to 215p from 245p |
| * Pagegroup PAGE.L: Morgan Stanley cuts to underweight from equal weight |
| * Persimmon PSN.L: Jefferies raises target price to 1815p from 1790p |
| * Persimmon Plc PSN.L: Morgan Stanley raises target price to 1600p from 1400p |
| * Randstad NV RAND.AS: Morgan Stanley cuts target price to EUR 29.5 from EUR 33 |
| * Renault RENA.PA: UBS cuts target price to EUR 28 from EUR 38 |
| * Renault RENA.PA: UBS cuts to sell from neutral |
| * Rightmove RMV.L: JP Morgan raises target price to 527p from 500p |
| * Rio Tinto RIO.L: JP Morgan raises target price to 6950p from 6100p |
| * Rockwool ROCKb.CO: JP Morgan cuts target price to DKK 240 from DKK 300 |
| * RWE AG RWEG.DE: Morgan Stanley raises target price to EUR 55 from EUR 52 |
| * Saint-Gobain SGOB.PA: Jefferies raises target price to EUR 144.5 from EUR 141.1 |
| * Saipem SpA SPMI.MI: BofA Global Research reinstates coverage with PT EUR 3.4 |
| * Saipem SpA SPMI.MI: BofA Global Research reinstates coverage with buy rating |
| * Salzgitter AG SZGG.DE: JP Morgan cuts to underweight from neutral |
| * Sandoz Group AG SDZ.S: Morgan Stanley raises target price to CHF 50 from CHF 45 |
| * Schott pharma AG & Co KGaA 1SXP.DE: RBC initiates coverage with sector perform rating |
| * Schott pharma AG & Co KGaA 1SXP.DE: RBC initiates coverage with target price EUR 21.5 |
| * Scout24 SE G24n.DE: JP Morgan raises target price to EUR 105 from EUR 103 |
| * SDI Group Plc SDIS.L: Stifel initiates coverage with buy rating |
| * SDI Group Plc SDIS.L: Stifel initiates coverage with price target 131p |
| * Severn Trent SVT.L: Morgan Stanley raises target price to 3,350p from 3,300p |
| * Sivers Semiconductors AB SIVEH.ST: Northland Capital raises target price to SEK 8 from SEK 6 |
| * SMG Swiss Marketplace Group Holding AG SMGC.S: JP Morgan raises PT to CHF 41 from CHF 39 |
| * SNAM SRG.MI: Citigroup raises target price to EUR 5.3 from EUR 4.4 |
| * Solaria Energia Y Medio Ambiente SLRS.MC:Morgan Stanley raises to equal weight from underweight |
| * Solaria Energia Y Medio Ambiente SA SLRS.MC: Morgan Stanley raises PT to EUR 15 from EUR 13 |
| * Spire Healthcare Group Plc SPI.L: Peel Hunt cuts target price to 282p from 293p |
| * SSAB SSABa.ST: JP Morgan raises target price to SEK 78 from SEK 73 |
| * SSE SSE.L: Morgan Stanley raises target price to 2500p from 2400p |
| * Stellantis NV STLAM.MI: UBS raises raises target price to EUR 12 from EUR 8.3 |
| * Stellantis NV STLAM.MI: UBS raises to buy from neutral |
| * Stroeer SAXG.DE: JP Morgan raises target price to EUR 48 from EUR 45 |
| * Swedbank SWEDa.ST: UBS raises target price to SEK 320 from SEK 295 |
| * Taylor Wimpey Plc TW.L: Morgan Stanley cuts target price to 105p from 110p |
| * TBC Bank Group Plc TBCG.L: Peel Hunt cuts target price to 5365p from 6000p |
| * THG Plc THG.L: JP Morgan raises target price to 55p from 43p |
| * Trainline TRNT.L: JP Morgan cuts target price to 230p from 300p |
| * Trainline TRNT.L: JP Morgan cuts to underweight from neutral |
| * Trainline Plc TRNT.L: Morgan Stanley cuts target price to 365p from 380p |
| * Travis Perkins TPK.L: Jefferies cuts target price to 535p from 594p |
| * Travis Perkins TPK.L: Jefferies cuts to underperform from hold |
| * Travis Perkins TPK.L: JP Morgan raises target price to 720p from 670p |
| * UCB S.A. UCB.BR: Morgan Stanley raises target price to EUR 260 from EUR 240 |
| * Vend Marketplaces ASA VEND.OL: JP Morgan raises target price to NOK 268 from NOK 257 |
| * Veolia VIE.PA: Morgan Stanley raises target price to EUR 33 from EUR 32 |
| * Veolia VIE.PA: Morgan Stanley raises to overweight from equal weight |
| * Victrex Plc VCTX.L: Deutsche Bank cuts target price to 780p from 850p |
| * Vinci SGEF.PA: JP Morgan cuts target price to EUR 133 from EUR 142 |
| * Vinci SGEF.PA: JP Morgan cuts to neutral from overweight |
| * Whitbread WTB.L: Deutsche Bank cuts target price to 2815p from 3375p |
| * Whitbread WTB.L: Deutsche Bank cuts to hold from buy |
| * YouGov Plc YOU.L: JP Morgan raises target price to 385p from 375p |
| * Ypsomed YPSN.S: Deutsche Bank initiates coverage with hold rating and PT CHF 345 |
