Upgrades
- International Paper (IP) upgraded by Citi from Neutral to Buy
- Rockwool (RKWBF) upgraded by DNB Markets from Hold to Buy
- Terna (TEZNY) upgraded by Goldman Sachs from Sell to Neutral
- BASF (BASFY) upgraded by Berenberg from Hold to Buy
- R1 RCM (RCM) upgraded by Citi from Neutral to Buy
- Riot Platforms (RIOT) upgraded by JPMorgan from Neutral to Overweight
- Tencent Music (TME) upgraded by Citi from Neutral to Buy
- Elementis (EMNSF) upgraded by HSBC from Hold to Buy
- Redcare Pharmacy (SAEYY) upgraded by HSBC from Reduce to Hold
- Adyen (ADYEY) upgraded by New Street from Neutral to Buy
- Best Buy (BBY) upgraded by Telsey Advisory from Market Perform to Outperform
- Antero Resources (AR) upgraded by JPMorgan from Neutral to Overweight
- Halma (HLMAF) upgraded by UBS from Neutral to Buy
- CarMax (KMX) upgraded by Needham from Hold to Buy
Downgrades
- Fusion Pharmaceuticals (FUSN) downgraded by JonesResearch from Buy to Hold
- Wells Fargo (WFC) downgraded by Citi from Buy to Neutral
- Eni (E) downgraded by Berenberg from Buy to Hold
- Kardex (KRDXF) downgraded by Berenberg from Buy to Hold
- GrowGeneration (GRWG) downgraded by Oppenheimer from Outperform to Perform
- Assura (ARSSF) downgraded by Peel Hunt from Buy to Add
- Encavis (ENCVF) downgraded by HSBC from Buy to Hold
- Saras (SAAFF) downgraded by Barclays from Overweight to Equal Weight
- Schibsted (SBSNY) downgraded by Pareto from Buy to Hold
- Atos (AEXAY) downgraded by Kepler Cheuvreux from Hold to Reduce
- EQT Corporation (EQT) downgraded by JPMorgan from Overweight to Neutral
- Weir Group (WEGRY) downgraded by UBS from Buy to Neutral
- Skanska (SKSBF) downgraded by UBS from Neutral to Sell
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