Upgrades
- Westlake (WLK) upgraded by Barclays from Equal Weight to Overweight
- Hensoldt (HNSDF) upgraded by Deutsche Bank from Hold to Buy
- Nordic Semiconductor (NDCVF) upgraded by SEB Equities from Hold to Buy
- Cadence Bank (CADE) upgraded by Morgan Stanley from Equal Weight to Overweight
- Zions Bancorp (ZION) upgraded by Morgan Stanley from Underweight to Equal Weight
- U.S. Bancorp (USB) upgraded by Morgan Stanley from Equal Weight to Overweight
- Accenture (ACN) upgraded by TD Securities from Hold to Buy
- Brookfield Renewable Partners (BEP) upgraded by UBS from Neutral to Buy
- Hess Corp. (HES) upgraded by Wolfe Research from Peer Perform to Outperform
- BlackLine (BL) upgraded by Morgan Stanley from Equal Weight to Overweight
- Disney (DIS) upgraded by Seaport Research from Neutral to Buy
- Brown-Forman (BF.B) upgraded by Barclays from Equal Weight to Overweight
Downgrades
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- Porsche (POAHY) downgraded by Stifel from Buy to Hold
- Nexi (NEXXY) downgraded by Barclays from Equal Weight to Underweight
- Juventus (JVTSF) Football downgraded by Kepler Cheuvreux from Hold to Reduce
- Keywords Studios (KYYWF) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Commerce Bancshares (CBSH) downgraded by Morgan Stanley from Overweight to Equal Weight
- JPMorgan (JPM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Enbridge (ENB) downgraded by Jefferies from Buy to Hold
- Stellantis (STLA) downgraded by Oddo BHF from Outperform to Neutral
- Interpublic Group (IPG) downgraded by Exane BNP Paribas from Neutral to Underperform
- Procter & Gamble (PG) downgraded by Barclays from Overweight to Equal Weight
- Charter (CHTR) downgraded by Wolfe Research from Peer Perform to Underperform
- Frontier Communications (FYBR) downgraded by Wolfe Research to Peer Perform
- Freeport-McMoRan (FCX) downgraded by Scotiabank from Outperform to Sector Perform
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