| * ABN Amro Bank NV ABNd.AS: Morgan Stanley raises target price to EUR 48 from EUR 45 |
| * Adidas AG ADSGn.DE: Barclays raises target price to EUR 210 from EUR 190 |
| * Adidas AG ADSGn.DE: Barclays raises to overweight from equal weight |
| * Aib Group Plc AIBG.I: Morgan Stanley raises target price to EUR 12 from EUR 11 |
| * Alpha Bank SA ACBr.AT: Morgan Stanley raises target price to EUR 5.5 from EUR 5 |
| * Amplifon SpA AMPF.MI: Morgan Stanley initiates coverage with overweight rating and target price EUR 14.9 |
| * Avio SpA AVI.MI: Berenberg initiates coverage with hold rating |
| * Avio SpA AVI.MI: Berenberg initiates coverage with target price EUR 33 |
| * Banco Bpm BAMI.MI: Morgan Stanley raises target price to EUR 15 from EUR 13.3 |
| * Banco Comercial Portugues SA BCP.LS: Morgan Stanley raises target price to EUR 1.13 from EUR 1.02 |
| * Banco Sabadell SABE.MC: Morgan Stanley raises target price to EUR 3.4 from EUR 3.1 |
| * Bank of Ireland Group Plc BIRG.I: Morgan Stanley raises target price to EUR 22 from EUR 19.5 |
| * Bankinter BKT.MC: Morgan Stanley raises target price to EUR 17.5 from EUR 16.5 |
| * Barclays BARC.L: Jefferies raises target price to 600p from 590p |
| * Barclays BARC.L: Morgan Stanley cuts target price to 580p from 610p |
| * Barclays BARC.L: Morgan Stanley cuts to equal weight from overweight |
| * Basic-Fit N.V. BFIT.AS: Bernstein raises target price to EUR 48 from EUR 43 |
| * Bawag Group AG BAWG.VI: Morgan Stanley raises target price to EUR 222 from EUR 192 |
| * BNP Paribas BNPP.PA: Morgan Stanley raises target price to EUR 129 from EUR 120 |
| * BPER Banca EMII.MI: Morgan Stanley raises target price to EUR 14.8 from EUR 14.5 |
| * Bunzl BNZL.L: Bernstein cuts to market perform from outperform; cuts target price to 3000p from 3100p |
| * Caixabank SA CABK.MC: Morgan Stanley raises target price to EUR 13.8 from EUR 13 |
| * Carl Zeiss Meditec AG AFXG.DE: Morgan Stanley initiates coverage with target price EUR 25.88 |
| * Carl Zeiss Meditec AG AFXG.DE: Morgan Stanley initiates coverage with underweight rating |
| * Coloplast COLOb.CO: Morgan Stanley raises target price to DKK 454 from DKK 370 |
| * Coloplast COLOb.CO: Morgan Stanley raises to equal weight from underweight |
| * Comet COTNE.S: UBS raises target price to CHF 490 from CHF 446 |
| * Commerzbank CBKG.DE: Morgan Stanley raises target price to EUR 44 from EUR 39.5 |
| * Convatec Group Plc CTEC.L: Morgan Stanley raises target price to 289p from 263p |
| * Crediabank SA CREDIAr.AT: Morgan Stanley cuts target price to EUR 1.09 from EUR 1.16 |
| * Credit Agricole S.A. CAGR.PA: Morgan Stanley raises target price to EUR 21 from EUR 20 |
| * DCC DCC.L: Berenberg cuts to hold from buy |
| * Demant DEMANT.CO: Morgan Stanley raises target price to DKK 388 from DKK 296 |
| * Deutsche Bank DBKGn.DE: Morgan Stanley raises target price to EUR 38.5 from EUR 37 |
| * Deutsche Bank AG DBKGn.DE: Goldman Sachs raises target price to EUR 43.75 from EUR 37 |
| * Deutsche Bank AG DBKGn.DE: Goldman Sachs raises to buy from neutral |
| * Dormakaba DOKA.S: Barclays cuts target price to CHF 80 from CHF 82 |
| * Eiffage FOUG.PA: Barclays cuts target price to EUR 168 from EUR 175 |
| * Erste Group Bank AG ERST.VI: Morgan Stanley raises target price to EUR 137 from EUR 123 |
| * Eutelsat ETL.PA: Berenberg initiates coverage with hold rating |
| * Eutelsat ETL.PA: Berenberg initiates coverage with target price EUR 2 |
| * Evonik Industries AG EVKn.DE: Citigroup raises target price to EUR 22 from EUR 20 |
| * GB Group Plc GBGP.L: Berenberg cuts target price to 190p from 260p |
| * GB Group Plc GBGP.L: Berenberg cuts to hold from buy |
| * Getinge AB GETIb.ST: UBS initiates coverage with neutral rating and target price SEK 255 |
| * Hochschild HOCM.L: Peel Hunt raises target price to 770p from 745p |
| * Inficon IFCN.S: UBS raises target price to CHF 215 from CHF 190 |
| * Infineon Technologies AG IFXGn.DE: Citigroup raises target price to EUR 92 from EUR 80 |
| * ING Groep INGA.AS: Morgan Stanley raises target price to EUR 37 from EUR 33 |
| * ING Groep N.V. INGA.AS: Morgan Stanley raises to overweight from equal weight |
| * Intercontinental Hotels Group IHG.L: UBS raises to buy from neutral |
| * JD Sports Fashion Plc JD.L: Barclays cuts target price to 85p from 90p |
| * KBC Group NV KBC.BR: Morgan Stanley raises target price to EUR 156 from EUR 143 |
| * Lloyds LLOY.L: Jefferies raises target price to 127p from 125p |
| * Lloyds LLOY.L: Morgan Stanley raises target price to 140p from 135p |
| * L'Oreal OREP.PA: Exane BNP Paribas raises to outperform from neutral |
| * Lotus Bakeries NV LOTB.BR: Bernstein raises target price to EUR 13000 from EUR 12000 |
| * Lotus Bakeries NV LOTB.BR: Bernstein cuts to market perform from outperform |
| * LVMH LVMH.PA: Bernstein cuts target price to EUR 570 from EUR 600 |
| * Melrose Industries MRON.L: Peel Hunt raises target price to 800p from 750p |
| * Mitie Group Plc MTO.L: Berenberg cuts target price to 219p from 230p |
| * Mitie Group Plc MTO.L: Berenberg cuts to hold from buy |
| * Natwest Group Plc NWG.L: Jefferies raises target price to 770p from 730p |
| * Natwest Group Plc NWG.L: Morgan Stanley raises cuts target price to 750p from 850p |
| * Natwest Group Plc NWG.L: Morgan Stanley raises to overweight from equal weight |
| * OSB Group OSBO.L: Jefferies raises target price to 720p from 700p |
| * Paragon Banking PAGPA.L: Jefferies raises target price to 1070p from 1000p |
| * Partners Group Holding AG PGHN.S: Barclays cuts target price to CHF 850 from CHF 930 |
| * Pearson PSON.L: Citigroup cuts to neutral from buy |
| * Pearson PSON.L: Citigroup raises target price to 1345p from 1300p |
| * Piraeus Bank SA BOPr.AT: Morgan Stanley raises target price to EUR 12.3 from EUR 11.5 |
| * Puma SE PUMG.DE: Barclays raises target price to EUR 25 from EUR 22 |
| * Reckitt RKT.L: Exane BNP Paribas cuts to neutral from outperform |
| * Rs Group Plc RS1R.L: Berenberg raises target price to 650p from 600p |
| * RWS Holdings Plc RWS.L: Berenberg raises target price to 190p from 170p |
| * Siemens Energy AG ENR1n.DE: Jefferies cuts target price to EUR 210 from EUR 215 |
| * Sika AG SIKA.S: BofA Global Research raises price objective to CHF 200 from CHF 185 |
| * Smith+Nephew Plc SN.L: Morgan Stanley cuts target price to 1158p from 1304p |
| * Smith+Nephew Plc SN.L: Morgan Stanley cuts to equal weight from overweight |
| * Societe Generale SOGN.PA: Morgan Stanley raises target price to EUR 94 from EUR 89 |
| * Societe Generale SA SOGN.PA: Goldman Sachs cuts target price to EUR 80.5 from EUR 90.75 |
| * Societe Generale SA SOGN.PA: Goldman Sachs cuts to neutral from buy |
| * Sonova Holding AG SOON.S: Morgan Stanley raises target price to CHF 245 from CHF 205 |
| * SThree Plc STEMS.L: Berenberg raises target price to 330p from 250p |
| * STMicroelectronics N.V. STMPA.PA: Citigroup raises target price to EUR 65 from EUR 62 |
| * TT Electronics Plc TTG.L: Berenberg raises target price to 200p from 150p |
| * TT Electronics Plc TTG.L: Stifel raises target price to 155p from 145p |
| * UBS Group AG UBSG.S: Morgan Stanley raises target price to CHF 41 from CHF 40 |
| * Unicaja Banco SA UNI.MC: Morgan Stanley raises target price to EUR 2.8 from EUR 2.6 |
| * Unicredit S.P.A. CRDI.MI: Morgan Stanley raises target price to EUR 105 from EUR 96 |
| * VAT Group AG VACN.S: UBS raises target price to CHF 800 from CHF 745 |
| * Vestas VWS.CO: Jefferies raises target price to DKK 255 from DKK 215 |
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