Upgrades
- Wolverine World Wide (WWW) upgraded by Exane BNP Paribas from Neutral to Outperform
- Derwent London (DWVYF) upgraded by Citi from Sell to Neutral
- BMW (BMWYY) upgraded by Barclays from Underweight to Equal Weight
- China Galaxy Securities (CGXYY) upgraded by JPMorgan from Neutral to Overweight
- Imperial Brands (IMBBY) upgraded by Morgan Stanley from Equal Weight to Overweight
- EVgo (EVGO) upgraded by JPMorgan from Neutral to Overweight
- EQT Corporation (EQT) upgraded by Citi from Neutral to Buy
- InvenTrust Properties (IVT) upgraded by BofA from Neutral to Buy
- RTX (RTX) upgraded by Deutsche Bank from Sell to Hold
Downgrades
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- Nestle (NSRGY) downgraded by Citi from Buy to Neutral
- National Grid (NGG) downgraded by Citi from Buy to Neutral
- Porsche (POAHY) downgraded by Barclays from Equal Weight to Underweight
- Stellantis (STLA) downgraded by Barclays from Overweight to Equal Weight
- British American (BTI) downgraded by Morgan Stanley from Overweight to Underweight
- Aston Martin Lagonda (ARGGY) downgraded by HSBC from Buy to Hold
- Zurich Insurance (ZURVY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Voya Financial (VOYA) downgraded by JPMorgan from Overweight to Neutral
- Blue Bird (BLBD) downgraded by Roth MKM from Buy to Neutral
- ChargePoint (CHPT) downgraded by JPMorgan from Overweight to Underweight
- Mercedes-Benz (MBGYY) downgraded by Barclays from Overweight to Equal Weight
- Tractor Supply (TSCO) downgraded by Evercore ISI from Outperform to In Line
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