Upgrades and Downgrades for Friday, 5/26


  • Valeo (VLEEY) upgraded by Jefferies from Underperform to Buy
  • Telia (TLSNY) upgraded by Citi from Sell to Neutral
  • Rio Tinto (RIO) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Avance Gas (AVACF) upgraded by Pareto from Hold to Buy
  • SGL Carbon (SGLFF) upgraded by Baader Europe from Reduce to Add
  • Nordex (NRDXF) upgraded by Societe Generale from Hold to Buy
  • Asos (ASOMY) upgraded by Liberum from Sell to Hold
  • Pinnacle West (PNW) upgraded by BofA from Underperform to Neutral
  • Paramount (PARA) upgraded by Loop Capital from Sell to Hold
  • Hamilton Lane (HLNE) upgraded by Oppenheimer from Perform to Outperform
  • RingCentral (RNG) upgraded by Needham from Hold to Buy


  • Salmar (SALRF) downgraded by DNB Markets from Buy to Hold
  • Snowflake (SNOW) downgraded by Wolfe Research from Outperform to Peer Perform
  • 9 Meters Biopharma (NMTR) downgraded by Brookline from Buy to Hold
  • Linde (LIN) downgraded by Oddo BHF from Outperform to Underperform
  • Elisa (ELMUF) downgraded by Citi from Neutral to Sell
  • Suedzucker (SUEZY) downgraded by Oddo BHF from Neutral to Underperform
  • Nabtesco (NCTKF) downgraded by Daiwa from Outperform to Neutral
  • Annexon (ANNX) downgraded by BofA from Buy to Neutral
  • Terran Orbital (LLAP) downgraded by BofA from Buy to Underperform
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