Upgrades
- Carrier Global (CARR) upgraded by UBS from Neutral to Buy
- 3M (MMM) upgraded by UBS from Neutral to Buy
- Equity Residential (EQR) upgraded by Stifel from Hold to Buy
- Phillips Edison (PECO) upgraded by Wolfe Research from Peer Perform to Outperform
- Air Liquide (AIQUY) upgraded by Jefferies from Underperform to Buy
- BASF (BASFY) upgraded by Jefferies from Hold to Buy
- Ibstock (IBJHF) upgraded by Deutsche Bank from Hold to Buy
- Taylor Wimpey (TWODF) upgraded by Investec from Hold to Buy
- Berkeley Group (BKGFY) upgraded by Investec from Hold to Buy
- Timken (TKR) upgraded by Evercore ISI In Line to Outperform from
- Paccar (PCAR) upgraded by Evercore ISI from In Line to Outperform
- Viant (DSP) upgraded by Canaccord from Hold to Buy
Downgrades
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- Rockwell Automation (ROK) downgraded by UBS from Buy to Neutral
- Camden Property (CPT) downgraded by Stifel from Buy to Hold
- Syros Pharmaceuticals (SYRS) downgraded by Brookline from Buy to Hold
- DHL Group (DHLGY) downgraded by Barclays from Overweight to Equal Weight
- Evonik (EVKIF) downgraded by Jefferies from Hold to Underperform
- SoftwareONE (SWONF) downgraded by Kepler Cheuvreux from Buy to Hold
- International Paper (IP) downgraded by Exane BNP from Neutral to Underperform
- Spotify (SPOT) downgraded by Phillip Securities from Buy to Accumulate
- Starbucks (SBUX) downgraded by Redburn Atlantic from Neutral to Sell
- Doximity (DOCS) downgraded by Canaccord from Buy to Hold
- Caterpillar (CAT) downgraded by Evercore ISI from In Line to Underperform
- Eaton (ETN) downgraded by Evercore ISI from Outperform to In Line
- Illinois Tool Works (ITW) downgraded by Evercore ISI from In Line to Underperform
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