Upgrades and Downgrades for Wednesday, 3/20


  • 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


  • 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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