Upgrades
- Inter Parfums (IPAR) upgraded by Jefferies from Hold to Buy
- Osisko Gold (OR) upgraded by Jefferies from Hold to Buy
- Enel (ENLAY) upgraded by Jefferies from Hold to Buy
- Aluminum Corp. (ALMMF) of China upgraded by JPMorgan from Neutral to Overweight
- Volkswagen (VWAGY) upgraded by Redburn Atlantic from Sell to Neutral
- Aeroports de Paris (AEOXF) upgraded by Redburn Atlantic from Neutral to Buy
- Dormakaba (DRRKF) upgraded by Oddo BHF from Underperform to Outperform
- Polar Capital (PLRRF) upgraded by Investec from Hold to Buy
Downgrades
- Vita Coco (COCO) downgraded by Piper Sandler from Overweight to Neutral
- Diageo (DEO) downgraded by Goldman Sachs from Neutral to Sell
- Spirit AeroSystems (SPR) downgraded by Deutsche Bank from Buy to Hold
- Tesla (TSLA) downgraded by UBS from Neutral to Sell
- Visteon (VC) downgraded by Baird from Outperform to Neutral
- Spirit AeroSystems (SPR) downgraded by Baird from Outperform to Neutral
- UL Solutions (ULS) downgraded by Baird from Outperform to Neutral
- Air France-KLM (AFLYY) downgraded by HSBC from Buy to Hold
- IAG (ICAGY) downgraded by HSBC from Buy to Hold
- Ryanair (RYAAY) downgraded by HSBC from Buy to Hold
- BW LPG (BWLLY) downgraded by Pareto from Buy to Hold
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