Upgrades
- CVC Capital Partners (CVCCF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Tate & Lyle (TATYY) upgraded by Citi from Neutral to Buy
- Carnival (CCL) upgraded by HSBC from Reduce to Hold
- Pentair (PNR) upgraded by JPMorgan from Neutral to Overweight
- Alstom (ALSMY) upgraded by DZ Bank from Hold to Buy
- Seagate (STX) upgraded by BNP Paribas Exane from Underperform to Neutral
- Caterpillar (CAT) upgraded by UBS from Sell to Neutral
- Martin Marietta (MLM) upgraded by UBS from Neutral to Buy
- Vulcan Materials (VMC) upgraded by UBS from Neutral to Buy
- Paysafe (PSFE) upgraded by BofA from Underperform to Neutral
- United Rentals (URI) upgraded by UBS from Sell to Neutral
- Terex (TEX) upgraded by UBS from Sell to Neutral
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Downgrades
- Dick’s Sporting (DKS) downgraded by Gordon Haskett from Buy to Reduce
- Foot Locker (FL) downgraded by Gordon Haskett from Accumulate to Hold
- Julius Baer (JBAXY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Foot Locker (FL) downgraded by Barclays from Overweight to Equal Weight
- Crescent Capital (CCAP) downgraded by Keefe Bruyette from Outperform to Market Perform
- Iovance Biotherapeutics (IOVA) downgraded by UBS from Buy to Neutral
- Neurogene (NGNE) downgraded by Baird from Outperform to Neutral
- National CineMedia (NCMI) downgraded by B. Riley from Buy to Neutral
- Telefonica (TEF) downgraded by DZ Bank from Hold to Sell
- Allianz (ALIZY) downgraded by HSBC from Buy to Hold
- Coronado Global Resources (CODQL) downgraded by Benchmark from Buy to Hold
- Park Hotels & Resorts (PK) downgraded by Evercore ISI from Outperform to In Line
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