Upgrades
- Hammerson (HMSNF) upgraded by Goldman Sachs from Sell to Neutral
- Ocado Group (OCDGF) upgraded by JPMorgan from Neutral to Overweight
- Exor (EXXRF) upgraded by Exane BNP Paribas from Neutral to Outperform
- TotalEnergies (TTE) upgraded by Citi from Neutral to Buy
- Range Resources (RRC) upgraded by Morgan Stanley from Underweight to Equal Weight
- ConnectOne (CNOB) upgraded by Keefe Bruyette from Market Perform to Outperform
- Global-e Online (GLBE) upgraded by Morgan Stanley from Equal Weight to Overweight
- Perimeter Solutions (PRM) upgraded by UBS from Neutral to Buy
- Ashland (ASH) upgraded by JPMorgan from Neutral to Overweight
- Waters (WAT) upgraded by Baird from Neutral to Outperform
- Summit Therapeutics (SMMT) upgraded by Citi from Neutral to Buy
- Playtika (PLTK) double upgraded by BofA to Buy
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Downgrades
- Westlake (WLK) downgraded by Piper Sandler from Overweight to Neutral
- Supermarket Income (SUPIF) downgraded by Goldman Sachs from Buy to Neutral
- JCDecaux (JCDXF) downgraded by Goldman Sachs from Buy to Neutral
- ArcelorMittal (MT) downgraded by Jefferies from Buy to Hold
- Azek (AZEK) downgraded by Wolfe Research from Outperform to Peer Perform
- Sodexo (SDXAY) downgraded by Goldman Sachs from Buy to Neutral
- Tietoevry (TTEVF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Orange (ORANY) downgraded by Citi from Buy to Neutral
- J D Wetherspoon (JDWPF) downgraded by Deutsche Bank from Hold to Sell
- Cemex (CX) downgraded by Morgan Stanley from Overweight to Equal Weight
- Wartsila (WRTBY) downgraded by Pareto from Buy to Hold
- Micron (MU) downgraded by China Renaissance from Buy to Hold
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