Upgrades
- AB InBev (HOCFF) upgraded by UBS from Neutral to Buy
- Synovus (SNV) upgraded by Barclays from Equal Weight to Overweight
- Cinemark (CNK) upgraded by Roth MKM from Neutral to Buy
- Sirius XM (SIRI) upgraded by Evercore ISI from Underperform to In Line
- Brunello Cucinelli (BCUCY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Planet Fitness (PLNT) upgraded by TD Cowen from Hold to Buy
- Carrier Global (CARR) upgraded by Citi from Neutral to Buy
- Solid Biosciences (SLDB) upgraded by Leerink from Market Perform to Outperform
- Great Portland Estates (GPEAF) upgraded by Bernstein from Underperform to Market Perform
- Workspace Group (WKPPF) upgraded by Bernstein from Market Perform to Outperform
- Digimarc (DMRC) upgraded by Needham from Hold to Buy
Downgrades
- Zalando (ZLNDY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Valeo (VLEEY) downgraded by Stifel from Buy to Hold
- Forvia (FURCF) downgraded by Stifel from Buy to Hold
- Carl Zeiss Meditec (CZMWY) downgraded by UBS from Buy to Neutral
- Liberty SiriusXM (LSXMA) downgraded by Evercore ISI from Outperform to In Line
- Flutter Entertainment (FLUT) downgraded by Peel Hunt from Buy to Hold
- YouGov (YUGVF) downgraded by Liberum from Buy to Hold
- Werner (WERN) downgraded by Susquehanna from Neutral to Negative
- ResMed (RMD) downgraded by Citi from Buy to Neutral
- Angang Steel (ANGGF) downgraded by JPMorgan from Neutral to Underweight
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