Upgrades and Downgrades for Thursday, 5/18


  • Mitchells & Butlers (MBPFF) upgraded by Jefferies from Hold to Buy
  • Ritchie Bros. (RBA) upgraded by National Bank from Sector Perform to Outperform
  • Siemens Energy (SMEGF) upgraded by Citi from Neutral to Buy
  • Snap-On (SNA) upgraded by Roth MKM from Neutral to Buy
  • Freenet (FRTAF) upgraded by Redburn from Sell to Neutral
  • WEC Energy (WEC) upgraded by Mizuho from Neutral to Buy
  • Plymouth Industrial REIT (PLYM) upgraded by Exane BNP from Neutral to Outperform
  • Dynatrace (DT) upgraded by BTIG from Neutral to Buy
  • Albemarle (ALB) upgraded by UBS from Neutral to Buy
  • Cincinnati Financial (CINF) upgraded by BofA from Neutral to Buy
  • Dream Office REIT (DRETF) upgraded by Cormark from Market Perform to Buy
  • Teva (TEVA) upgraded by Evercore ISI from In Line to Outperform


  • Futu Holdings (FUTU) downgraded by JPMorgan from Overweight to Neutral
  • Dream Office REIT (DRETF) downgraded by National Bank from Outperform to Sector Perform
  • Marks & Spencer (MAKSY) downgraded by Citi from Buy to Neutral
  • NeoGames (NGMS) downgraded by Stifel from Buy to Hold
  • Magellan Midstream (MMP) downgraded by Stifel from Buy to Hold
  • Nu Holdings (NU) downgraded by Citi from Buy to Neutral
  • Banco Santander (SAN) downgraded by Keefe Bruyette from Outperform to Market Perform
  • Elior Group (ELROF) downgraded by AlphaValue/Baader from Buy to Add
  • Neste (NTOIY) downgraded by Redburn from Neutral to Sell
  • Procter & Gamble (PG) downgraded by Truist from Buy to Hold
  • The Hanover (THG) downgraded by BofA from Buy to Neutral
  • Selective Insurance (SIGI) downgraded by BofA to Underperform
  • XP Inc. (XP) downgraded by Bradesco BBI from Outperform to Neutral
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