Upgrades
- Irish Residential (RSHPF) upgraded by Barclays from Equal Weight to Overweight
- Kojamo (KOJAF) upgraded by Barclays from Underweight to Overweight
- Bayer (BAYRY) upgraded by Kepler Cheuvreux from Hold to Buy
- Yara (YARIY) upgraded by Kepler Cheuvreux from Hold to Buy
- Bayer (BAYRY) upgraded by HSBC from Hold to Buy
- Demant (WILYY) upgraded by BNP Paribas Exane from Neutral to Outperform
- Quilter (QUILF) upgraded by UBS from Neutral to Buy
- Urban Outfitters (URBN) upgraded by Baird from Neutral to Outperform
- First Solar (FSLR) upgraded by Jefferies from Hold to Buy
- J.M. Smucker (SJM) upgraded by Jefferies from Hold to Buy
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Downgrades
- Bill (BILL) downgraded by Morgan Stanley from Overweight to Equal Weight
- Grainger PLC (GRGTF) downgraded by Barclays from Overweight to Equal Weight
- Arista Networks (ANET) downgraded by BNP Paribas Exane from Outperform to Neutral
- Tessenderlo (TSDOF) downgraded by Kepler Cheuvreux from Hold to Reduce
- Sonova (SONVY) downgraded by BNP Paribas Exane from Outperform to Underperform
- Deutsche Boerse (DBOEY) downgraded by UBS from Buy to Neutral
- Sunrun (RUN) downgraded by Jefferies from Hold to Underperform
- Ingram Micro (INGM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Fuller Smith & Turner (FTUAF) downgraded by Peel Hunt from Add to Hold
- Etsy (ETSY) downgraded by Arete from Neutral to Sell
- Ibstock (IBJHF) downgraded by Investec from Buy to Hold
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