Upgrades
- Sage Therapeutics (SAGE) upgraded by RBC Capital from Underperform to Sector Perform
- Piedmont Lithium (PLL) upgraded by Macquarie from Underperform to Neutral
- Scotiabank (BNS) upgraded by Barclays from Underweight to Equal Weight
- Royal Bank of Canada (RY) upgraded by Barclays from Equal Weight to Overweight
- DT Midstream (DTM) upgraded by Citi from Neutral to Buy
- Rheinmetall (RNMBY) upgraded by Deutsche Bank from Hold to Buy
- Evertec (EVTC) upgraded by Morgan Stanley from Underweight to Equal Weight
- Sayona Mining (SYAXF) upgraded by Macquarie from Underperform to Neutral
- SFL Corp. (SFL) upgraded by Fearnley from Hold to Buy
- Pebblebrook Hotel (PEB) upgraded by Compass Point from Neutral to Buy
- Franco-Nevada (FNV) upgraded by Veritas from Reduce to Buy
Downgrades
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- Ulta Beauty (ULTA) downgraded by William Blair from Outperform to Market Perform
- National Bank of Canada (NTIOF) downgraded by Barclays from Overweight to Equal Weight
- TD Bank (TD) downgraded by Barclays from Equal Weight to Underweight
- Shopify (SHOP) downgraded by DZ Bank from Hold to Sell
- Grab Holdings (GRAB) downgraded by China Renaissance from Buy to Hold
- Walmart (WMT) downgraded by DZ Bank from Buy to Hold
- Golden Energy Offshore (GEOUF) downgraded by Clarksons from Buy to Sell
- GAP Airports (PAC) downgraded by Itau BBA from Outperform to Market Perform
- Asur (ASR) downgraded by Itau BBA from Outperform to Market Perform
- RBC Bearings (RBC) downgraded by BofA from Buy to Neutral
- Adient (ADNT) downgraded by BofA from Buy to Neutral
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