Upgrades
- Eastman Chemical (EMN) upgraded by Mizuho from Neutral to Outperform
- Andritz (ADRZY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Shaftesbury Capital (CCPPF) upgraded by Stifel from Hold to Buy
- Fastenal (FAST) upgraded by Wolfe Research from Underperform to Peer Perform
- U.S. Bancorp (USB) upgraded by Wolfe Research from Peer Perform to Outperform
- Loar Holdings (LOAR) upgraded by Morgan Stanley from Equal Weight to Overweight
- Travis Perkins (TPRKY) upgraded by Peel Hunt from Add to Buy
- Block (XYZ) upgraded by Morgan Stanley from Equal Weight to Overweight
- Janus Henderson (JHG) upgraded by BofA from Neutral to Buy
- Zscaler (ZS) upgraded by Cantor Fitzgerald from Neutral to Overweight
- TJX (TJX) upgraded by Citi from Neutral to Buy
- Ross Stores (ROST) upgraded by Citi from Neutral to Buy
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Downgrades
- LEG Immobilien (LEGIF) downgraded by Barclays from Overweight to Equal Weight
- Hensoldt (HAGHY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Sims Ltd. (SMSMY) downgraded by Goldman Sachs from Neutral to Sell
- Great Wall Motor (GWLLF) downgraded by JPMorgan from Overweight to Neutral
- Parker-Hannifin (PH) downgraded by Wolfe Research from Outperform to Peer Perform
- Grainger (GWW) downgraded by Wolfe Research from Peer Perform to Underperform
- Hayward (HAYW) downgraded by Wolfe Research from Outperform to Peer Perform
- ProAssurance (PRA) downgraded by Citizens JMP from Outperform to Market Perform
- U.S. Bancorp (USB) downgraded by JPMorgan from Neutral to Underweight
- AllianceBernstein (AB) downgraded by BofA from Buy to Neutral
- Lyft (LYFT) downgraded by BofA from Buy to Underperform
- Sensata (ST) downgraded by Evercore ISI from Outperform to In Line
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