Upgrades
- Rio Tinto (RIO) upgraded by JPMorgan from Neutral to Overweight
- MetLife (MET) upgraded by Jefferies from Hold to Buy
- Prudential (PRU) upgraded by Jefferies from Underperform to Hold
- United Internet (UDIRF) upgraded by Citi from Neutral to Buy
- First Solar (FSLR) upgraded by BMO Capital from Market Perform to Outperform
- Keywords Studios (KYYWF) upgraded by Stifel from Hold to Buy
- Carnival (CCL) upgraded by Redburn from Neutral to Buy
- Norwegian Cruise Line (NCLH) upgraded by Redburn from Neutral to Buy
- Etsy (ETSY) upgraded by Wolfe Research from Peer Perform to Outperform
- Associated British Foods (ASBFY) upgraded by Investec from Hold to Add
- Semtech (SMTC) upgraded by Susquehanna from Neutral to Positive
- First Bancorp (FBNC) upgraded by DA Davidson from Neutral to Buy
- Oracle (ORCL) upgraded by DZ Bank from Hold to Buy
- Canadian National (CNI) upgraded by Raymond James from Market Perform to Outperform
Downgrades
- Pernod Ricard (PDRDF) downgraded by Barclays from Overweight to Underweight
- Telefonica (TEF) downgraded by Exane BNP Paribas from Neutral to Underperform
- South32 (SOUHY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Pernod Ricard (PDRDF) downgraded by Exane BNP Paribas from Outperform to Neutral
- LVMH (LVMUY) downgraded by Barclays from Overweight to Equal Weight
- MSCI (MSCI) downgraded by Redburn from Buy to Neutral
- Carrier Global (CARR) downgraded by Mizuho from Buy to Neutral
- Hostess Brands (TWNK) downgraded by Jefferies from Buy to Hold
- BMW (BMWYY) downgraded by Barclays from Equal Weight to Underweight
- RTX (RTX) downgraded by BofA from Neutral to Underperform
- Digital Turbine (APPS) downgraded by BofA from Buy to Neutral
- J.M. Smucker (SJM) downgraded by BofA from Buy to Neutral
- MoonLake Immunotherapeutics (MLTX) downgraded by Bryan Garnier from Buy to Neutral
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