Upgrades
- TotalEnergies (TTE) upgraded to Buy from Neutral by UBS
- Lufthansa (DLAKY) upgraded to Neutral from Sell by UBS
- Bayer (BAYRY) upgraded to Buy from Add by AlphaValue/Baader
- SGL Carbon (SGLFF) upgraded to Reduce from Sell by AlphaValue/Baader
- Chevron (CVX) upgraded to Buy from Neutral by UBS
- Hapag-Lloyd (HPGLY) upgraded to Buy from Hold by Kepler Cheuvreux
- Admiral Group (AMIGY) upgraded to Buy from Hold by Berenberg
- CMC Materials (CCMP) upgraded to Buy from Neutral by Goldman Sachs
- Blink Charging (BLNK) upgraded to Buy from Neutral by H.C. Wainwright
- EngageSmart (ESMT) upgraded to Buy from Neutral by BofA
- Amicus (FOLD) upgraded to Buy from Hold by Stifel
- Fluor (FLR) upgraded to Neutral from Underperform by BofA
- Eneti (NETI) upgraded to Buy from Hold by Stifel
- Dollar Tree (DLTR) upgraded to Buy from Hold by Deutsche Bank
- Targa Resources (TRGP) upgraded to Outperform from In Line by Evercore ISI
- Plains All American (PAA) upgraded to Outperform from In Line by Evercore ISI
- Tencent Music (TME) upgraded to Buy from Neutral by UBS
- Graphic Packaging (GPK) upgraded to Buy from Neutral by UBS
Downgrades
- B&M European Value Retail (BMRRY) downgraded to Sell from Neutral by Goldman Sachs
- Telecom Italia (TIIAY) downgraded to Hold from Buy by Deutsche Bank
- BioXcel Therapeutics (BTAI) downgraded to Sell from Buy by Goldman Sachs
- National Vision (EYE) downgraded to Neutral from Buy by Goldman Sachs
- KBC Group (KBCSY) downgraded to Underperform from Neutral by Exane BNP Paribas
- Ryanair (RYAAY) downgraded to Neutral from Outperform by Oddo BHF
- easyJet (ESYJY) downgraded to Reduce from Hold by Kepler Cheuvreux
- Pure Gold Mining (LRTNF) downgraded to Sell from Buy by Desjardins
- Prometheus (RXDX) downgraded to Perform from Outperform by Oppenheimer
- National Bank of Canada (NTIOF) downgraded to Underweight from Equal Weight by Barclays
- Akamai (AKAM) downgraded to Perform from Outperform by Oppenheimer
- Wayfair (W) downgraded by Argust from Buy to Hold
- Centrus Energy (LEU) downgraded to Neutral from Buy by Roth Capital
- Petco (WOOF) downgraded to Hold from Buy by Jefferies
- Magellan Midstream (MMP) downgraded to In Line from Outperform by Evercore ISI
- Shopify (SHOP) downgraded to Hold from Buy by Loop Capital
- Acutus Medical (AFIB) downgraded to Underweight from Neutral by JPMorgan
- Root (ROOT) downgraded to Underweight from Equal Weight by Barclays
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