Upgrades
- Capital & Regional (CRPLF) upgraded by Stifel from Sell to Hold
- Embraer (ERJ) upgraded by Grupo Santander from Hold to Outperform
- Trilogy Metals (TMQ) upgraded by TD Securities from Hold to Speculative Buy
- BioNTech (BNTX) upgraded by Kempen from Neutral to Buy
- TopBuild (BLD) upgraded by Zelman from Hold to Buy
- Installed Building Products (IBP) upgraded by Zelman from Hold to Buy
Downgrades
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- StoneCo (STNE) downgraded by Credit Suisse from Outperform to Neutral
- Ardmore Shipping (ASC) downgraded by Fearnley from Buy to Hold
- Legend Power (LPSIF) downgraded by Stifel from Buy to Speculative Buy
- Cascades (CADNF) downgraded by TD Securities from Buy to Hold
- Nanobiotix (NBTX) downgraded by Kempen from Buy to Neutral
- CureVac (CVAC) downgraded by Kempen from Neutral to Sell
- Celyad (CYAD) downgraded by Kempen from Neutral to Sell
- Valneva (VALN) downgraded by Kempen from Neutral to Sell
- Newron Pharma (NWPHF) downgraded by Kempen from Buy to Neutral
- Evotec SE (EVO) downgraded by Kempen from Buy to Neutral
- Aptevo Therapeutics (APVO) downgraded by Kempen from Buy to Neutral
- Immunovia (IMMVF) downgraded by Kempen from Buy to Neutral
- Centogene (CNTG) downgraded by Kempen from Buy to Neutral
- Hookipa Pharma (HOOK) downgraded by Kempen from Buy to Neutral
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