Upgrades
- Unilever (UL) upgraded by Berenberg from Hold to Buy
- Givaudan (GVDNY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Carlsberg (CABGY) upgraded by Jefferies from Hold to Buy
- ASML (ASML) upgraded by Grupo Santander from Underperform to Neutral
- Next Fifteen (NXFNF) upgraded by Peel Hunt from Add to Buy
- Solaria Energia (SEYMF) upgraded by Societe Generale from Hold to Buy
- Planet Fitness (PLNT) upgraded by Raymond James from Market Perform to Strong Buy
- Pembina Pipeline (PBA) upgraded by Industrial Alliance from Hold to Buy
- RPS Group (RPSGF) upgraded by Peel Hunt from Hold to Add
- Close Brothers (CBGPY) upgraded by Berenberg from Hold to Buy
- TotalEnergies (TTE) upgraded by JPMorgan from Neutral to Overweight
- Helmerich & Payne (HP) upgraded by Morgan Stanley from Underweight to Equal Weight
- Aston Martin (ARGGY) upgraded by Bernstein from Market Perform to Outperform
- Adtran (ADTN) upgraded by Loop Capital from Hold to Buy
- Methanex (MEOH) upgraded by Scotiabank from Sector Perform to Outperform
- Chegg (CHGG) upgraded by Needham from Hold to Buy
Downgrades
- Varta (VARGF) downgraded by Goldman Sachs from Buy to Neutral
- Symrise (SYIEY) downgraded by Morgan Stanley from Equal Weight to Underweight
- AB InBev (BUD) downgraded by Jefferies from Buy to Hold
- Golden Ocean (GOGL) downgraded by Jefferies from Buy to Hold
- Safe Bulkers (SB) downgraded by Jefferies from Buy to Hold
- AP Moller Maersk (AMKBY) downgraded by Danske Bank from Hold to Sell
- Norsk Hydro (NHYDY) downgraded by Nordea from Hold to Sell
- Varta (VARTY) downgraded by JPMorgan from Overweight to Neutral
- Sotera Health (SHC) downgraded by KeyBanc from Overweight to Sector Weight
- Icade (CDMGF) downgraded by Exane BNP Paribas from Outperform to Neutral
- BP (BP) downgraded by JPMorgan from Overweight to Neutral
- Core Laboratories (CLB) downgraded by Morgan Stanley from Equal Weight to Underweight
- Paymentus (PAY) downgraded by SMBC Nikko from Outperform to Neutral
- Lyft (LYFT) downgraded by UBS from Buy to Neutral
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