Upgrades and Downgrades for Thursday, 9/22


  • Fortum (FOJCY) upgraded by Danske Bank from Hold to Buy
  • Fortum (FOJCY) upgraded by Oddo BHF from Neutral to Outperform
  • QinetiQ (QNTQY) upgraded by Citi from Neutral to Buy
  • Compass Group (CMPGY) upgraded by AlphaValue/Baader from Sell to Add
  • Enagas (ENGGY) upgraded by Societe Generale from Hold to Buy
  • Eli Lilly (LLY) upgraded by UBS from Neutral to Buy
  • Boston Properties (BXP) upgraded by Scotiabank from Sector Perform to Outperform
  • Boston Properties (BXP) upgraded by Evercore ISI from In Line to Outperform
  • Trip.com Group (TCOM) upgraded by Daiwa from Hold to Buy


  • Aveva (AVEVF) downgraded by Berenberg from Buy to Hold
  • Novavax (NVAX) downgraded by JPMorgan from Neutral to Underweight
  • Alcoa (AA) downgraded by Wolfe Research from Outperform to Peer Perform
  • Orpea (ORPEF) downgraded by AlphaValue/Baader from Buy to Reduce
  • Sekisui House (SKHSY) downgraded by Daiwa from Outperform to Neutral
  • Block (SQ) downgraded by Mizuho from Buy to Neutral
  • Accor (ACCYY) downgraded by JPMorgan from Neutral to Underweight
  • Volvo Car (VLVOF) downgraded by Bernstein from Outperform to Market Perform
  • Ubisoft (UBSFY) downgraded by Stifel from Buy to Hold
  • Luminar (LAZR) downgraded by Northland from Outperform to Market Perform
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