Upgrades
- Hertz (HTZ) upgraded by Morgan Stanley from Equal Weight to Overweight
- NXP Semiconductors (NXPI) upgraded by Wolfe Research from Peer Perform to Outperform
- Analog Devices (ADI) upgraded by Wolfe Research from Market Perform to Outperform
- Microchip (MCHP) upgraded by Wolfe Research from Peer Perform to Outperform
- Fannie Mae (FNMA) upgraded by Keefe Bruyette from Underperform to Market Perform
- Freddie Mac (FMCC) upgraded by Keefe Bruyette from Underperform to Market Perform
- Tempur Sealy (TPX) upgraded by Piper Sandler from Neutral to Overweight
- Airbus (EADSY) upgraded by DZ Bank from Hold to Buy
- Naked Wines (NWINF) upgraded by Liberum from Sell to Hold
- Evotec (EVO) upgraded by RBC Capital from Sector Perform to Outperform
- Microsoft (MSFT) upgraded by Exane BNP Paribas from Neutral to Outperform
- Apple (AAPL) upgraded by BofA from Neutral to Buy
- Mitsubishi Electric (MIELY) upgraded by Citi from Neutral to Buy
Downgrades
- Shopify (SHOP) downgraded by Exane BNP Paribas from Neutral to Underperform
- BAE Systems (BAESY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Leonardo (FINMY) downgraded by Exane BNP Paribas from Outperform to Underperform
- TeamViewer (TMVWY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Spirit Airlines (SAVE) downgraded by Citi from Neutral to Sell
- Cloetta (CLOEF) downgraded by Nordea from Buy to Hold
- Rockwool (RKWBF) downgraded by DNB Markets from Buy to Hold
- Charles Schwab (SCHW) downgraded by Keefe Bruyette from Outperform to Market Perform
- Adobe (ADBE) downgraded by Exane BNP Paribas from Neutral to Underperform
- Zoom Video (ZM) downgraded by Exane BNP Paribas from Neutral to Underperform
- Atlas Copco (ATLKY) downgraded by HSBC from Hold to Reduce
- Taro Pharmaceutical (TARO) downgraded by H.C. Wainwright from Buy to Neutral
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