Upgrades
- Federated Hermes (FHI) upgraded by Keefe Bruyette from Market Perform to Outperform
- Sandvik (SDVKY) upgraded by RBC Capital from Sector Perform to Outperform
- Seven Hills (SEVN) upgraded by JMP Securities from Market Perform to Outperform
- Bank of the Philippine Islands (BPHLY) upgraded by JPMorgan from Underweight to Neutral
- Continental AG (CTTAY) upgraded by Exane BNP Paribas from Neutral to Outperform
- TotalEnergies (TTE) upgraded by Bernstein from Market Perform to Outperform
- McDonald’s (MCD) upgraded by Atlantic Equities from Neutral to Overweight
- CD Projekt (OTGLY) upgraded by Citi from Sell to Neutral
- Oracle (ORCL) upgraded by Exane BNP Paribas from Neutral to Outperform
- Goldman Sachs (GS) upgraded by BofA from Neutral to Buy
- Cadence Design (CDNS) upgraded by BofA from Underperform to Neutral
- Synopsys (SNPS) upgraded by BofA from Underperform to Neutral
- Ulta Beauty (ULTA) upgraded by Raymond James from Outperform to Strong Buy
Downgrades
- Franklin Resources (BEN) downgraded by Keefe Bruyette from Market Perform to Underperform
- T. Rowe Price (TROW) downgraded by Keefe Bruyette from Market Perform to Underperform
- Victory Capital (VCTR) downgraded by Keefe Bruyette from Outperform to Market Perform
- Crown Castle (CCI) downgraded by Deutsche Bank from Buy to Hold
- Swisscom (SCMWY) downgraded by JPMorgan from Overweight to Neutral
- Vodafone (VOD) downgraded by JPMorgan from Overweight to Neutral
- Travis Perkins (TPRKY) downgraded by JPMorgan from Overweight to Neutral
- Bath & Body Works (BBWI) downgraded by JPMorgan from Overweight to Neutral
- Joann (JOAN) downgraded by Loop Capital from Buy to Hold
- Diageo (DEO) downgraded by Deutsche Bank from Hold to Sell
- Upstart (UPST) downgraded by Morgan Stanley from Equal Weight to Underweight
- Cognyte (CGNT) downgraded by Evercore ISI from Outperform to In Line
- Altria Group (MO) downgraded by Barclays from Equal Weight to Underweight
- Skyworks (SWKS) downgraded by BofA from Neutral to Underperform
- Qorvo (QRVO) downgraded by BofA from Neutral to Underperform
- Accenture (ACN) downgraded by Exane BNP Paribas from Outperform to Neutral
- Texas Instruments (TXN) downgraded by BofA from Buy to Neutral
- Coca-Cola Europacific Partners (CCEP) downgraded by Kepler Cheuvreux from Buy to Hold
- Cogeco Communications (CGEAF) downgraded by CIBC from Outperformer to Neutral
- Universal Display (OLED) downgraded by BofA from Buy to Neutral
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