Upgrades
- Marks & Spencer (MAKSY) upgraded by RBC Capital from Sector Perform to Outperform
- Virgin Money (CYBBF) upgraded by Morgan Stanley from Underweight to Equal Weight
- Bilibili (BILI) upgraded by JPMorgan from Underweight to Neutral
- Staar Surgical (STAA) upgraded by Stifel from Hold to Buy
- Xcel Energy (XEL) upgraded by Wolfe Research from Peer Perform to Outperform
- Kingsoft Cloud (KC) upgraded by JPMorgan from Neutral to Overweight
- Hugo Boss (BOSSY) upgraded by Baader Helvea from Add to Buy
- Pinnacle West (PNW) upgraded by UBS from Sell to Neutral
- Procter & Gamble (PG) upgraded by Truist from Hold to Buy
- Algonquin Power (AQN) upgraded by Desjardins from Sell to Hold
- Xcel Energy (XEL) upgraded by Barclays from Equal Weight to Overweight
- PDD Holdings (PDD) upgraded by Jefferies from Hold to Buy
Downgrades
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- Dominion (D) downgraded by BMO Capital from Outperform to Market Perform
- Virgin Money (CYBBF) downgraded by Citi from Buy to Neutral
- Bilibili (BILI) downgraded by Citi from Buy to Neutral
- Hyatt (H) downgraded by Morgan Stanley from Overweight to Equal Weight
- Light & Wonder (LNW) downgraded by Redburn Atlantic from Buy to Neutral
- BE Semiconductor (BESIY) downgraded by Redburn Atlantic from Buy to Neutral
- HelloFresh (HLFFF) downgraded by Bryan Garnier from Buy to Neutral
- Munich Re (MURGY) downgraded by Keefe Bruyette from Outperform to Market Perform
- Virgin Money (CYBBF) downgraded by Macquarie from Outperform to Neutral
- Amylyx (AMLX) downgraded by Baird from Outperform to Neutral
- Breedon (BRDNF) downgraded by UBS from Buy to Neutral
- American Electric (AEP) downgraded by UBS from Neutral to Sell
- Amylyx (AMLX) downgraded by Leerink from Outperform to Market Perform
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