Upgrades
- Thyssenkrupp (TKAMY) upgraded by JPMorgan from Underweight to Neutral
- Brenntag (BNTGY) upgraded by Citi from Neutral to Buy
- Sinopec Shanghai (SPTJF) upgraded by JPMorgan from Underweight to Neutral
- Swiss Prime Site (SWPRF) upgraded by Baader Helvea from Reduce to Add
- Norsk Hydro (NHYDY) upgraded by Nordea from Sell to Hold
- Norwegian Air Shuttle (NWARF) upgraded by Pareto from Hold to Buy
- TC Energy (TRP) upgraded by Industrial Alliance from Hold to Buy
- Vicinity Centres (CNRAF) upgraded by JPMorgan from Underweight to Neutral
- Ecolab (ECL) upgraded by RBC Capital from Sector Perform to Outperform
- Focus Financial (FOCS) upgraded by Morgan Stanley from Underweight to Equal Weight
- U.S. Bancorp (USB) upgraded by Piper Sandler from Neutral to Overweight
- Cochlear (CHEOY) upgraded by Morgan Stanley from Underweight to Equal Weight
Downgrades
- Sumo Logic (SUMO) downgraded by Cowen from Outperform to Market Perform
- City Developments (CDEVY) downgraded by Goldman Sachs from Buy to Sell
- James Hardie (JHX) downgraded by CLSA from Outperform to Underperform
- Sensata (ST) downgraded by Stifel from Buy to Hold
- TE Connectivity (TEL) downgraded by Stifel from Buy to Hold
- Terex (TEX) downgraded by Citi from Buy to Neutral
- American Eagle (AEO) downgraded by Jefferies from Buy to Hold
- Kuehne & Nagel (KHNGY) downgraded by UBS from Buy to Neutral
- Oak Street Health (OSH) downgraded by Bernstein from Outperform to Market Perform
- Michelin (MGDDY) downgraded by HSBC from Buy to Hold
- Torrid (CURV) downgraded by Jefferies from Buy to Hold
- Corcept Therapeutics (CORT) downgraded by Jefferies from Buy to Hold
- Credo Technology (CRDO) downgraded by Cowen from Outperform to Market Perform
- Akamai (AKAM) downgraded by RBC Capital from Outperform to Sector Perform
- Marriott (MAR) downgraded by Evercore ISI from Outperform to In Line
- Comerica (CMA) downgraded by Piper Sandler from Overweight to Neutral
- Bath & Body Works (BBWI) downgraded by Citi from Buy to Neutral
- Southwest (LUV) downgraded by Melius Research from Buy to Hold
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