Upgrades
- Zscaler (ZS) upgraded by Barclays from Equal Weight to Overweight
- On Holding (ONON) upgraded by Baird from Neutral to Outperform
- Aramark (ARMK) upgraded by Jefferies from Hold to Buy
- Lennox (LII) upgraded by Goldman Sachs from Sell to Buy
- Compass Group (CMPGY) upgraded by Jefferies from Hold to Buy
- Oracle (ORCL) upgraded by Evercore ISI from In Line to Outperform
- Saab (SAABF) upgraded by SEB Equities from Hold to Buy
- Patterson-UTI (PTEN) upgraded by Citi from Neutral to Buy
- African Rainbow (AFBOF) upgraded by Investec from Hold to Buy
- Anglo American Platinum (AGPPF) upgraded by Investec from Sell to Hold
- MSC Industrial (MSM) upgraded by Loop Capital from Hold to Buy
- Mirati Therapeutics (MRTX) upgraded by Scotiabank from Underperform to Sector Perform
- Woodside Energy (WDS) upgraded by Goldman Sachs from Neutral to Buy
Downgrades
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- BASF (BLRDF) downgraded by Bernstein from Outperform to Market Perform
- Mirati (MRTX) downgraded by JMP Securities from Outperform to Market Perform
- Spotify (SPOT) downgraded by Redburn Atlantic from Buy to Neutral
- Zurn Elkay Water (ZWS) downgraded by Goldman Sachs from Buy to Neutral
- Daimler Truck (DTRUY) downgraded by Kepler Cheuvreux from Buy to Hold
- Valeo (VLEEY) downgraded by Kepler Cheuvreux from Buy to Hold
- Impala Platinum (IMPUY) downgraded by Investec from Hold to Sell
- Splunk (SPLK) downgraded by Evercore ISI from Outperform to In Line
- Datadog (DDOG) downgraded by BofA from Buy to Neutral
- Blue Owl Capital (OWL) downgraded by Oppenheimer from Outperform to Perform
- Apollo Global (APO) downgraded by Oppenheimer from Outperform to Perform
- AeroVironment (AVAV) downgraded by Raymond James from Strong Buy to Outperform
- Beach Energy (BEPTF) downgraded by Goldman Sachs from Neutral to Sell
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