Upgrades
- Comcast (CMCSA) upgraded by Scotiabank from Sector Perform to Outperform
- Societe Generale (SCGLY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Lectra (LCTSF) upgraded by Kepler Cheuvreux from Reduce to Hold
- HelloFresh (HLFFF) upgraded by JPMorgan from Neutral to Overweight
- Atlassian (TEAM) upgraded by KeyBanc from Sector Weight to Overweight
- Schroders (SHNWF) upgraded by Exane BNP Paribas from Neutral to Outperform
- Idacorp (IDA) upgraded by Mizuho from Neutral to Outperform
- Revenio Group (REVXF) upgraded by Nordea from Sell to Hold
- Argenx (ARGX) upgraded by William Blair from Market Perform to Outperform
- YPF (YPF) upgraded by Citi from Neutral to Buy
- Societe Generale (SCGLY) upgraded by Citi from Neutral to Buy
Downgrades
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- Repsol (REPYY) downgraded by Barclays from Overweight to Equal Weight
- Smith & Nephew (SNN) downgraded by Deutsche Bank from Buy to Hold
- Kellanova (K) downgraded by Exane BNP Paribas from Outperform to Neutral
- Estee Lauder (EL) downgraded by JPMorgan from Overweight to Neutral
- Argenx (ARGX) downgraded by Baird from Outperform to Neutral
- OpenText (OTEX) downgraded by RBC Capital from Outperform to Sector Perform
- Lufthansa (DLAKY) downgraded by HSBC from Buy to Hold
- Kontoor Brands (KTB) downgraded by Stifel from Buy to Hold
- PayPal (PYPL) downgraded by Phillip Securities from Buy to Accumulate
- Hyatt (H) downgraded by HSBC from Buy to Hold
- HII (HII) downgraded by TD Cowen from Buy to Hold
- Malibu Boats (MBUU) downgraded by DA Davidson from Buy to Neutral
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