Upgrades
- StoneCo (STNE) upgraded by Bradesco BBI from Neutral to Outperform
- Citizen Watch (CHCLY) upgraded by Jefferies from Hold to Buy
- BE Semiconductor (BESIY) upgraded by Barclays from Equal Weight to Overweight
- Krones (KRNTY) upgraded by Berenberg from Hold to Buy
- National Grid (NGG) upgraded by Exane BNP Paribas from Underperform to Outperform
- AN2 Therapeutics (ANTX) upgraded by JMP Securities from Market Perform to Outperform
- Moody’s (MCO) upgraded by Barclays from Equal Weight to Overweight
- Eaton (ETN) upgraded by Barclays from Underweight to Equal Weight
- Blue Owl Capital (OWL) upgraded by UBS from Neutral to Buy
- Aker Carbon Capture (AKCCF) upgraded by Fearnley from Sell to Buy
- Estee Lauder (EL) upgraded by Citi from Neutral to Buy
- Brown-Forman (BF.B) upgraded by Citi from Sell to Neutral
- Array Technologies (ARRY) upgraded by Barclays from Equal Weight to Overweight
Downgrades
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- Nuvei (NVEI) downgraded by Keefe Bruyette from Outperform to Market Perform
- SanBio (SNBIF) downgraded by Citi from Buy to Neutral
- Rational (RTLLF) downgraded by Barclays from Overweight to Equal Weight
- Porsche (POAHY) downgraded by UBS from Buy to Neutral
- Biomea Fusion (BMEA) downgraded by JPMorgan from Overweight to Neutral
- Blackstone (BX) downgraded by UBS from Buy to Neutral
- Clorox (CLX) downgraded by Citi from Buy to Neutral
- BCE (BCE) downgraded by BMO Capital from Outperform to Market Perform
- Petco (WOOF) downgraded by BofA from Buy to Underperform
- Nio (NIO) downgraded by Barclays from Equal Weight to Underweight
- Meritage Homes (MTH) downgraded by Wedbush from Neutral to Underperform
- LGI Homes (LGIH) downgraded to Underperform from Neutral by Wedbush
- D.R. Horton (DHI) downgraded to Underperform from Neutral by Wedbush
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