Upgrades
- SBA Communications (SBAC) upgraded by Wolfe Research from Underperform to Peer Perform
- Covivio (GSEFF) upgraded by Goldman Sachs from Neutral to Buy
- Philip Morris (PM) upgraded by Goldman Sachs from Neutral to Buy
- Saipem (SAPMY) upgraded by Citi from Neutral to Buy
- Darktrace (DRKTF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Amplifon (AMFPF) upgraded by Jefferies from Hold to Buy
- Accor (ACCYY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Renault (RNLSY) upgraded by Bernstein from Market Perform to Outperform
- easyJet (ESYJY) upgraded by HSBC from Hold to Buy
- Renault (RNLSY) upgraded by AlphaValue/Baader from Sell to Buy
- Zalando (ZLNDY) upgraded by Bryan Garnier from Sell to Conviction Buy
- News Corp. (NWSA) upgraded by Loop Capital from Hold to Buy
- Fox Corp. (FOXA) upgraded by Loop Capital from Hold to Buy
Downgrades
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- Enbridge (ENB) downgraded by BMO Capital from Outperform to Market Perform
- Enphase Energy (ENPH) downgraded by Piper Sandler from Overweight to Neutral
- Experian (EXPGY) downgraded by Credit Suisse from Outperform to Neutral
- SunPower (SPWR) downgraded by Barclays from Equal Weight to Underweight
- Sunrun (RUN) downgraded by Barclays from Overweight to Equal Weight
- Zions Bancorp (ZION) downgraded by JPMorgan from Neutral to Underweight
- Block (SQ) downgraded by Oppenheimer from Outperform to Perform
- Dr. Martens (DOCMF) downgraded by HSBC from Buy to Hold
- Cheesecake Factory (CAKE) downgraded by UBS from Neutral to Sell
- Fisker (FSR) downgraded by Morgan Stanley from Equal Weight to Underweight
- Booking Holdings (BKNG) downgraded by Gordon Haskett from Buy to Hold
- Airbnb (ABNB) downgraded by Gordon Haskett from Hold to Underperform
- Booking Holdings (BKNG) downgraded by BofA from Buy to Neutral
- Microsoft (MSFT) downgraded by BMO Capital from Outperform to Market Perform
- D.R. Horton (DHI) downgraded by Wedbush from Outperform to Neutral
- Magna (MGA) downgraded by TD Securities from Buy to Hold
- Illumina (ILMN) downgraded by Argus from Buy to Hold
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