Upgrades
- Air Liquide (AIQUY) upgraded by JPMorgan from Neutral to Overweight
- Pandora (PANDY) upgraded by JPMorgan from Neutral to Overweight
- Novo Nordisk (NVO) upgraded by Exane BNP Paribas from Neutral to Outperform
- BASF (BASFY) upgraded by Deutsche Bank from Hold to Buy
- Cloudflare (NET) upgraded by Morgan Stanley from Equal Weight to Overweight
- Okta (OKTA) upgraded by Morgan Stanley from Equal Weight to Overweight
- Gap (GAP) upgraded by JPMorgan from Neutral to Overweight
- Ares Capital (ARCC) upgraded by Wells Fargo from Equal Weight to Overweight
- Southern Copper (SCCO) upgraded by JPMorgan from Underweight to Neutral
- Kymera Therapeutics (KYMR) upgraded by Wells Fargo from Equal Weight to Overweight
- Intuitive Surgical (ISRG) upgraded by Morgan Stanley from Equal Weight to Overweight
- Stryker (SYK) upgraded by Morgan Stanley from Equal Weight to Overweight
- LVMH (LVMUY) upgraded by HSBC from Hold to Buy
Downgrades
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- Toast (TOST) downgraded by Goldman Sachs from Buy to Neutral
- Swatch Group (SWGAY) downgraded by JPMorgan from Neutral to Underweight
- Outlook Therapeutics (OTLK) downgraded by Chardan from Buy to Neutral
- Iberdrola (IBDRY) downgraded by RBC Capital from Outperform to Sector Perform
- SentinelOne (S) downgraded by Morgan Stanley from Overweight to Equal Weight
- LendingClub (LC) downgraded by JPMorgan from Overweight to Neutral
- Progyny (PGNY) downgraded by JPMorgan from Overweight to Neutral
- Blackstone Secured (BXSL) downgraded by Wells Fargo from Overweight to Equal Weight
- Trinity Capital (TRIN) downgraded by Wells Fargo from Equal Weight to Underweight
- Kohl’s (KSS) downgraded by Guggenheim from Buy to Neutral
- Markel (MKL) downgraded by TD Cowen from Buy to Hold
- Bausch + Lomb (BLCO) downgraded by Morgan Stanley from Overweight to Equal Weight
- Glaukos (GKOS) downgraded by Morgan Stanley from Equal Weight to Underweight
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