Upgrades
- Computershare (CMSQF) upgraded by Goldman Sachs from Sell to Neutral
- Innoviz Technologies (INVZ) upgraded by Goldman Sachs from Neutral to Buy
- Citizens Financial (CFG) upgraded by Morgan Stanley from Equal Weight to Overweight
- Lam Research (LRCX) upgraded by Deutsche Bank from Hold to Buy
- Verbund (OEZVY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Gjensidige (GJNSY) upgraded by Jefferies from Underperform to Buy
- Admiral Group (AMIGY) upgraded by Jefferies from Hold to Buy
- Stora Enso (SEOAY) upgraded by BNP Paribas Exane from Underperform to Neutral
- Amer Sports (AS) upgraded by Wells Fargo from Equal Weight to Overweight
- Ivanhoe Mines (IVPAF) upgraded by Scotiabank from Sector Perform to Outperform
- General Dynamics (GD) upgraded by Seaport Research from Neutral to Buy
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Downgrades
- Dentalcorp (DNTCF) downgraded by BMO Capital from Outperform to Market Perform
- MoonLake Immunotherapeutics (MLTX) downgraded by Stifel from Buy to Hold
- Novo Nordisk (NVO) downgraded by Morgan Stanley from Equal Weight to Underweight
- M&T Bank (MTB) downgraded by Morgan Stanley from Overweight to Equal Weight
- UWM Holdings (UWMC) downgraded by Morgan Stanley from Overweight to Equal Weight
- Juventus Football (JVTSF) downgraded by Kepler Cheuvreux from Hold to Reduce
- Sabre Insurance (SBREF) downgraded by Jefferies from Hold to Underperform
- Waterdrop (WDH) downgraded by Goldman Sachs from Buy to Neutral
- Choice Hotels (CHH) downgraded by BofA from Buy to Underperform
- N.T. Butterfield (NTB) downgraded by Wells Fargo from Overweight to Equal Weight
- Western Alliance (WAL) downgraded by Wells Fargo from Equal Weight to Underweight
- Electronic Arts (EA) downgraded by Freedom Capital from Buy to Hold
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