Upgrades and Downgrades for Friday, 1/20

Upgrades

• Restaurant Brands (QSR) upgraded by BMO Capital from Market Perform to Outperform
• Regeneron (REGN) upgraded by JPMorgan from Neutral to Overweight
• PagerDuty (PD) upgraded by Morgan St from Equal Weight to Overweight
• Covestro (COVTY) upgraded by Credit Suisse from Neutral to Outperform
• PVH Corp. (PVH) upgraded by Barclays from Equal Weight to Overweight
• Ralph Lauren (RL) upgraded by Barclays from Equal Weight to Overweight
• Par Pacific (PARR) upgraded by Piper Sandler from Neutral to Overweight
• Credito Emiliano (CDEFF) upgraded by Deutsche Bank from Hold to Buy
• Interroll (IRRHF) upgraded by Exane BNP Paribas from Neutral to Outperform
• CCU (CCU) upgraded by JPMorgan from Neutral to Overweight

Downgrades

• Domo (DOMO) downgraded by Morgan Stanley from Overweight to Equal Weight
• BASF (BASFY) downgraded by Credit Suisse from Outperform to Underperform
• Salesforce (CRM) downgraded by Cowen from Outperform to Market Perform
• Innovative Industrial Properties (IIPR) downgraded by JMP Securities to Market Perform
• Michelin (MGDDY) downgraded by RBC Capital from Outperform to Sector Perform
• Squarespace (SQSP) downgraded by KeyBanc from Overweight to Sector Weight
• Pinterest (PINS) downgraded by MKM Partners from Buy to Neutral
• Virgin Money (CYBBF) downgraded by Deutsche Bank from Buy to Hold
• Pacific Biosciences (PACB) downgraded by Cantor Fitzgerald from Overweight to Neutral
• Aspira Women’s Health (AWH) downgraded by Cantor Fitzgerald from Overweight to Neutral
• Mosaic (MOS) downgraded by Citi from Buy to Neutral
• Spirent Communications (SPMYY) downgraded by Canaccord from Buy to Hold
• Rheinmetall (RNMBY) downgraded by UBS from Buy to Neutral
• Banorte (GBOOY) downgraded by Scotiabank from Outperform to Sector Perform

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