Upgrades
- NXP Semiconductors (NXPI) upgraded by Morgan Stanley from Equal Weight to Overweight
- Harbour Energy (HBRIY) upgraded by Goldman Sachs from Sell to Neutral
- UPM-Kymmene (UPMMY) upgraded by Citi from Neutral to Buy
- Sartorius Stedim (SDMHF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Mercury General (MCY) upgraded by Raymond James from Outperform to Strong Buy
- Lufthansa (DLAKY) upgraded by Bernstein from Market Perform to Outperform
- Compass Minerals (CMP) upgraded by JPMorgan from Neutral to Overweight
- Upstart (UPST) upgraded by JPMorgan from Underweight to Neutral
- EOG Resources (EOG) upgraded by RBC Capital from Sector Perform to Outperform
- Upstart (UPST) upgraded by B. Riley from Neutral to Buy
- Santander Brasil (BSBR) upgraded by Goldman Sachs from Sell to Neutral
- Budimex (BDMXF) upgraded by Citi from Sell to Neutral
Downgrades
- Third Harmonic Bio (THRD) downgraded by Morgan Stanley from Overweight to Equal Weight
- TKO Group (TKO) downgraded by Seaport Research from Buy to Neutral
- On Holding (ONON) downgraded by Goldman Sachs from Buy to Neutral
- Endeavor Group (EDR) downgraded by Seaport Research from Neutral to Sell
- L’Oreal (LRLCY) downgraded by Morgan Stanley from Overweight to Equal Weight
- IAG (ICAGY) downgraded by Bernstein from Outperform to Market Perform
- Fluence Energy (FLNC) downgraded by UBS from Buy to Neutral
- Fluence Energy (FLNC) downgraded by RBC Capital from Outperform to Sector Perform
- PPG (PPG) downgraded by JPMorgan from Overweight to Neutral
- Banco Bradesco (BBD) downgraded by Goldman Sachs from Buy to Sell
- Hennes & Mauritz (HNNMY) downgraded by Deutsche Bank from Buy to Hold
- OneStream (OS) downgraded by JPMorgan from Overweight to Neutral
- Staar Surgical (STAA) downgraded by Mizuho from Outperform to Neutral
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