Upgrades
- Gamma Communications (GAMCF) upgraded by Jefferies from Underperform to Hold
- Akero Therapeutics (AKRO) upgraded by Evercore ISI from In Line to Outperform
- Roche (RHHBY) upgraded by Berenberg from Hold to Buy
- Merck (MRK) upgraded by Berenberg from Hold to Buy
- Schneider Electric (SBGSY) upgraded by Deutsche Bank from Hold to Buy
- DSM (RDSMY) upgraded by Jefferies from Hold to Buy
- PayPal (PYPL) upgraded by Raymond James from Market Perform to Outperform
- Nikola (NKLA) upgraded by BTIG from Neutral to Buy
- JDE Peets (JDEPF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Krones (KRNTY) upgraded by Oddo BHF from Underperform to Outperform
- Croda International (COIHY) upgraded by Jefferies from Hold to Buy
- TSMC (TSM) upgraded by Daiwa from Outperform to Buy
- UMC (UMC) upgraded by Daiwa from Hold to Outperform
- SoFi Technologies (SOFI) upgraded by BofA from Neutral to Buy
- Brandywine Realty (BDN) upgraded by Truist from Hold to Buy
- SL Green Realty (SLG) upgraded by Truist from Hold to Buy
- Perrigo (PRGO) upgraded by Argus from Hold to Buy
- Iris Energy (IREN) upgraded by Compass Point from Neutral to Buy
Downgrades
- Eastman Chemical (EMN) downgraded by Wells Fargo from Overweight to Equal Weight
- Ocado Group (OCDGF) downgraded by Credit Suisse from Neutral to Underperform
- Novartis (NVS) downgraded by Berenberg from Buy to Hold
- Bristol-Myers (BMY) downgraded by Berenberg from Buy to Hold
- Vintage Wine (VWE) downgraded by Telsey Advisory from Outperform to Market Perform
- Match Group (MTCH) downgraded by Loop Capital from Buy to Hold
- Auto Trader Group (ATDRY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Motorola Solutions (MSI) downgraded by Morgan Stanley from Overweight to Equal Weight
- Nestle (NSRGY) downgraded by Exane BNP Paribas from Outperform to Neutral
- L’Oreal (LRLCY) downgraded by Exane BNP Paribas from Outperform to Neutral
- RBC Bearings (ROLL) downgraded by BofA from Neutral to Underperform
- Block (SQ) downgraded by Evercore ISI from Outperform to Underperform
- CSX (CSX) downgraded by Bernstein from Outperform to Market Perform
- Union Pacific (UNP) downgraded by Bernstein from Outperform to Market Perform
- Consolidated Water (CWCO) downgraded by Janney Montgomery Scott from Buy to Neutral
- easyJet (ESYJY) downgraded by Stifel from Buy to Sell
- Ryanair (RYAAY) downgraded by Stifel from Hold to Sell
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