Upgrades
- Diageo (DEO) upgraded by JPMorgan from Neutral to Overweight
- CSX (CSX) upgraded by RBC Capital from Sector Perform to Outperform
- Valeo (VLEEY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Coca-Cola Europacific Partners (CCEP) upgraded by Oddo BHF from Neutral to Outperform
- Topcon (TOPCF) upgraded by Mizuho from Neutral to Buy
- Fevertree Drinks (FQVTF) upgraded by Liberum from Hold to Buy
- Huntington Ingalls (HII) upgraded by Vertical Research from Hold to Buy
- Homeserve (HMSVF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Ecolab (ECL) upgraded by Edward Jones from Hold to Buy
- Norwegian Cruise (NCLH) upgraded by Morgan Stanley from Underweight to Equal Weight
- Ralph Lauren (RL) upgraded by JPMorgan from Neutral to Overweight
- Limelight Networks (LLNW) upgraded by Cowen from Market Perform to Outperform
- Uniper (UNPRF) upgraded by Citi from Neutral to Buy
- Neste (NTOIY) upgraded by Citi from Neutral to Buy
- Fortive (FTV) upgraded by Argus from Hold to Buy
- Kose Corp. (KSRYY) upgraded by JPMorgan from Underweight to Neutral
- Step Energy (SNVVF) upgraded by Raymond James from Market Perform to Outperform
Downgrades
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- Union Pacific (UNP) downgraded by RBC Capital from Outperform to Sector Perform
- Volvo Car AB (VLVOF) downgraded by Exane BNP Paribas from Neutral to Underperform
- Generali (ARZGY) downgraded by Kepler Cheuvreux from Buy to Hold
- Hays (HAYPY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Adecco (AHEXY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Henkel (HENKY) downgraded by RBC Capital from Outperform to Sector Perform
- LifeStance (LFST) downgraded by UBS from Buy to Neutral
- Buzzi Unicem (BZZUF) downgraded by JPMorgan from Neutral to Underweight
- Lument Finance Trust (LFT) downgraded by Ladenburg from Buy to Neutral
- Alliance Data (ADS) downgraded by Wolfe Research from Outperform to Peer Perform
- Synchrony (SYF) downgraded by Wolfe Research from Outperform to Peer Perform
- Capital One (COF) downgraded by Wolfe Research from Outperform to Peer Perform
- 1-800-Flowers.com (FLWS) downgraded by DA Davidson from Buy to Neutral
- Gold Fields (GFI) downgraded by BMO Capital from Outperform to Market Perform
- Zions Bancorp (ZION) downgraded by B. Riley from Buy to Neutral
- Cardiol Therapeutics (CRTPF) downgraded by Raymond James from Outperform to Market Perform
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