| * Acciona ANA.MC: Kepler Cheuvreux raises target price to EUR 190 from EUR 185 |
| * ACS ACS.MC: Jefferies raises to buy from hold; raises target price to EUR 116 from EUR 53.1 |
| * Adyen ADYEN.AS: UBS cuts target price to EUR 1600 from EUR 2000 |
| * Aker ASA AKER.OL: Kepler Cheuvreux raises target price to NOK 645 from NOK 565 |
| * Anheuser Busch Inbev SA ABI.BR: Alphavalue raises to add from reduce |
| * Anheuser Busch Inbev SA ABI.BR: Berenberg raises target price to EUR 89 from EUR 72 |
| * Anheuser Busch Inbev SA ABI.BR: Deutsche Bank raises target price to EUR 63 from EUR 59 |
| * Anheuser Busch Inbev SA ABI.BR: Kepler Cheuvreux raises target price to EUR 69 from EUR 54 |
| * Anheuser Busch Inbev SA ABI.BR: TD Cowen raises target price to EUR 72 from EUR 55.4 |
| * Ashmore Group Plc ASHM.L: Barclays raises target price to 180p from 150p |
| * Barratt Redrow Plc BTRW.L: Deutsche Bank cuts target price to 454p from 536p |
| * Barratt Redrow Plc BTRW.L: Peel Hunt cuts to add from buy; cuts target price to 430p from 470p |
| * Bat BATS.L: Deutsche Bank raises target price to 5100p from 4900p |
| * BNP Paribas BNPP.PA: Kepler Cheuvreux raises target price to EUR 87 from EUR 78.5 |
| * Bouvet ASA BOUV.OL: Kepler Cheuvreux raises to buy from hold |
| * BP BP.L: Morgan Stanley raises target price to 447p from 415p |
| * Capgemini CAPP.PA: Barclays cuts target price to EUR 150 from EUR 190 |
| * Capgemini CAPP.PA: BofA Global Research cuts price objective to EUR 145 from EUR 181 |
| * Capgemini CAPP.PA: Deutsche Bank cuts target price to EUR 140 from EUR 170 |
| * Capgemini CAPP.PA: Kepler Cheuvreux cuts target price to EUR 175 from EUR 195 |
| * Carl Zeiss Meditec AFXG.DE: Deutsche Bank cuts target price to EUR 30 from EUR 34 |
| * Do & Co AG DOCO.VI: Berenberg raises target price to EUR 260 from EUR 250 |
| * Dsm-Firmenich AG DSFIR.AS: Berenberg cuts target price to EUR 70 from EUR 82 |
| * Dsm-Firmenich AG DSFIR.AS: Berenberg cuts to hold from buy |
| * Equinor EQNR.OL: Morgan Stanley raises target price to NOK 228 from NOK 214 |
| * Ferrari NV RACE.MI: Morgan Stanley raises target price to EUR 357 from EUR 355 |
| * Ferrovial FERF.AS: Barclays reinstates coverage with overweight rating; target price EUR 70 |
| * Gerresheimer GXIG.DE: Deutsche Bank cuts target price to EUR 22 from EUR 34 |
| * Gerresheimer AG GXIG.DE: Berenberg cuts target price to EUR 20 from EUR 30 |
| * Glencore Plc GLEN.L: HSBC cuts target price to 500p from 515p |
| * Heineken NV HEIN.AS: Morgan Stanley raises target price to EUR 82.5 from EUR 73.5 |
| * Hellofresh SE HFGG.DE: Kepler Cheuvreux cuts to hold from buy; cuts target price to EUR 5.5 from EUR 10.5 |
| * Hochtief AG HOTG.DE: Jefferies raises target price to EUR 371 from EUR 163 |
| * Huhtamaki Oyj HUH1V.HE: UBS cuts target price to EUR 36.5 from EUR 37 |
| * Hydro NHY.OL: BofA Global Research raises price objective to NOK 102 from NOK 99 |
| * Hydro NHY.OL: Kepler Cheuvreux cuts to reduce from hold; raises target price to NOK 73 from NOK 71 |
| * Hydro NHY.OL: RBC cuts to sector perform from outperform; cuts PT to NOK 80 from NOK 82 |
| * IG Group IGG.L: Deutsche Bank raises target price to 1400p from 1375p |
| * Interpump Group SpA ITPG.MI: Kepler Cheuvreux cuts to hold from buy; cuts target price to EUR 45 from EUR 52 |
| * KBC Groep NV KBC.BR: Kepler Cheuvreux raises target price to EUR 145 from EUR 136 |
| * KBC Groep NV KBC.BR: RBC raises target price to EUR 123 from EUR 118 |
| * KBC Groep NV KBC.BR: UBS raises target price to EUR 116 from EUR 113 |
| * KBC Group NV KBC.BR: Morgan Stanley raises target price to EUR 132 from EUR 127 |
| * Kone Corporation KNEBV.HE: Deutsche Bank raises target price to EUR 71 from EUR 62 |
| * Kone Corporation KNEBV.HE: Deutsche Bank raises to buy from hold |
| * Koninklijke Heijmans NV HEIJ.AS: Kepler Cheuvreux raises target price to EUR 100 from EUR 68 |
| * Legrand LEGD.PA: Deutsche Bank raises target price to EUR 148 from EUR 145 |
| * Legrand LEGD.PA: Morgan Stanley raises target price to EUR 156 from EUR 138 |
| * Metso METSO.HE: Citigroup raises target price to EUR 17.5 from EUR 13.4 |
| * Michelin MICP.PA: Citigroup raises target price to EUR 38 from EUR 36 |
| * Natwest Group Plc NWG.L: Alphavalue raises to add from reduce |
| * NN Group NV NN.AS: Morgan Stanley raises target price to EUR 67 from EUR 64 |
| * Norsk Hydro NHY.OL: UBS raises target price to NOK 100 from NOK 90 |
| * Orange SA ORAN.PA: Berenberg raises target price to EUR 18 from EUR 15 |
| * Orsted ORSTED.CO: Kepler Cheuvreux raises to buy from hold; raises target price to DKK 175 from DKK 150 |
| * Orsted ORSTED.CO: Morgan Stanley raises target price to DKK 160 from DKK 147 |
| * PKO Bank Polski SA PKO.WA: Barclays raises target price to PLN 87 from PLN 76 |
| * Safran SAF.PA: BofA Global Research cuts price objective to EUR 370 from EUR 380 |
| * Safran SAF.PA: JP Morgan raises target price to EUR 400 from EUR 375 |
| * Safran SAF.PA: RBC raises target price to EUR 400 from EUR 340 |
| * Santander SAN.MC: UBS cuts target price to EUR 11.7 from EUR 11.8 |
| * Schindler Group SCHN.S: Deutsche Bank cuts target price to CHF 280 from CHF 297 |
| * Schroders SDR.L: RBC cuts to sector perform from outperform; raises PT to 610p from 440p |
| * Shell SHEL.L: Morgan Stanley raises target price to 2971p from 2811p |
| * Siemens Energy ENR1n.DE: Deutsche Bank raises target price to EUR 180 from EUR 170 |
| * Siemens Energy AG ENR1n.DE: Alphavalue raises target price to EUR 147 from EUR 139 |
| * Siemens Energy AG ENR1n.DE: RBC raises target price to EUR 185 from EUR 150 |
| * Siemens Healthineers AG SHLG.DE: Morgan Stanley cuts PT to EUR 44 from EUR 45 |
| * Smartcraft ASA SMCRT.OL: Berenberg cuts target price to NOK 24 from NOK 31 |
| * Smurfit Westrock SWR.L: Barclays raises target price to 4100p from 3500p |
| * Swisscom AG SCMN.S: Alphavalue raises target price to CHF 666 from CHF 644 |
| * the Magnum ICE Cream Company B.V. MICCT.AS: Barclays cuts target price to EUR 13.5 from EUR 14.7 |
| * Tietoevry Oyj TIETO.HE: Morgan Stanley raises target price to EUR 18.75 from EUR 18 |
| * Tomra Systems TOM.OL: Kepler Cheuvreux cuts target price to NOK 137 from NOK 151 |
| * Totalenergies SE TTEF.PA: Morgan Stanley raises target price to EUR 67.8 from EUR 61.3 |
| * Unicredit SpA CRDI.MI: Deutsche Bank raises target price to EUR 77 from EUR 64 |
| * Unilever ULVR.L: HSBC raises target price to 5100p from 4800p |
| * Verbund VERB.VI: Deutsche Bank cuts target price to EUR 55 from EUR 58 |
| * Verbund VERB.VI: UBS cuts target price to EUR 55 from EUR 56 |
| * Zegona Communications Plc ZEG.L: Barclays raises target price to 2240p from 1900p |
