Upgrades and Downgrades for Friday, 12/2

Upgrades

• Associated British Foods (ASBFY) upgraded by Goldman Sachs from Sell to Neutral
• Toronto-Dominion (TD) upgraded by Canaccord from Hold to Buy
• Galp Energia (GLPEY) upgraded by JPMorgan from Underweight to Overweight
• Just Eat Takeaway.com (JTKWY) upgraded by JPMorgan from Underweight to Neutral
• 4imprint Group (FRRFF) upgraded by Berenberg from Hold to Buy
• UDR (UDR) upgraded by Morgan Stanley from Equal Weight to Overweight
• Generali (ARZGY) upgraded by Keefe Bruyette from Market Perform to Outperform
• Ageas (AGESY) upgraded by Keefe Bruyette from Underperform to Outperform
• Stanley Electric (STAEF) upgraded by JPMorgan from Neutral to Overweight
• WH Group (WHGLY) upgraded by HSBC from Hold to Buy
• AB Foods (ASBFY) upgraded by Morgan Stanley from Equal Weight to Overweight

Downgrades

• Edwards Lifesciences (EW) downgraded by Wolfe Research from Outperform to Peer Perform
• Americanas SA (BZWHF) downgraded by Goldman Sachs from Neutral to Sell
• Salesforce (CRM) downgraded by Wolfe Research from Outperform to Peer Perform
• Kerry Group (KRYAY) downgraded by Citi from Buy to Neutral
• Acciona (ACXIF) downgraded by RBC Capital from Sector Perform to Underperform
• EDP Renovaveis (EDRVF) downgraded by RBC Capital from Sector Perform to Underperform
• THG Plc (THGPF) downgraded by JPMorgan from Neutral to Underweight
• Adevinta (ADEVF) downgraded by JPMorgan from Overweight to Neutral
• Pebblebrook Hotel (PEB) downgraded by BMO Capital from Outperform to Market Perform
• Asana (ASAN) downgraded by Piper Sandler from Overweight to Neutral
• Asana (ASAN) downgraded by Baird from Outperform to Neutral
• DoorDash (DASH) downgraded by RBC Capital from Outperform to Sector Perform
• AvalonBay (AVB) downgraded by Morgan Stanley from Overweight to Equal Weight
• AXA (AXAHY) downgraded by Keefe Bruyette from Outperform to Market Perform
• Black Knight (BKI) downgraded by Barclays from Overweight to Equal Weight
• Bright Horizons (BFAM) downgraded by Barclays from Overweight to Equal Weight
• Ecolab (ECL) downgraded by Barclays from Overweight to Equal Weight
• Cheesecake Factory (CAKE) downgraded by Wedbush from Outperform to Neutral

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