Upgrades
- Commvault (CVLT) upgraded by KeyBanc from Sector Weight to Overweight
- Check Point (CHKP) upgraded by William Blair from Market Perform to Outperform
- UCB (UCBJF) upgraded by Jefferies from Hold to Buy
- Spirax-Sarco (SPXSY) upgraded by Jefferies from Underperform to Hold
- XP Power (XPPLF) upgraded by Jefferies from Hold to Buy
- Elementis (EMNSF) upgraded by Jefferies from Hold to Buy
- Commvault (CVLT) upgraded by KeyBanc from Sector Weight to Overweight
- Shurgard Self Storage (SSSAF) upgraded by HSBC from Hold to Buy
- TAG Immobilien (TAGOF) upgraded by HSBC from Hold to Buy
- Core Scientific (CORZ) upgraded by Compass Point from Neutral to Buy
- SM Energy (SM) upgraded by Seaport Research from Neutral to Buy
Downgrades
- Johnson Controls (JCI) downgraded by Deutsche Bank from Buy to Hold
- Fortune Brands Innovations (FBIN) downgraded by BMO Capital to Market Perform
- Deutsche Bank (DB) downgraded by Citi from Buy to Neutral
- Rational (RTLLF) downgraded by Exane BNP Paribas from Neutral to Underperform
- AB Dynamics (ABDDF) downgraded by Jefferies from Hold to Underperform
- Verizon (VZ) downgraded by Barclays from Overweight to Equal Weight
- SoFi Technologies (SOFI) downgraded by Morgan Stanley from Equal Weight to Underweight
- Ericsson (ERIC) downgraded by UBS from Neutral to Sell
- Vertex Pharmaceuticals (VRTX) downgraded by Baird from Neutral to Underperform
- BBVA (BBVA) downgraded by HSBC from Buy to Hold
- Iberdrola (IBDRY) downgraded by Societe Generale from Buy to Hold
- Wacker Chemie (WKCMF) downgraded by DZ Bank from Hold to Sell
- Southwestern Energy (SWN) downgraded by Seaport Research from Buy to Neutral
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