Upgrades and Downgrades for Tuesday, 5/9


  • Aena (ANYYY) upgraded by Jefferies from Hold to Buy
  • Ferguson (FERG) upgraded by Jefferies from Hold to Buy
  • Intertek (IKTSY) upgraded by RBC Capital from Underperform to Sector Perform
  • IAG (ICAGY) upgraded by Peel Hunt from Hold to Buy
  • CaixaBank (CAIXY) upgraded by Kepler Cheuvreux from Reduce to Hold
  • Grieg Seafood (GRGSF) upgraded by Danske Bank from Hold to Buy
  • Volvo Car (VLVOF) upgraded by Bernstein from Market Perform to Outperform
  • Shoals Technologies (SHLS) upgraded by Guggenheim from Neutral to Buy
  • Trex Company (TREX) upgraded by BofA from Neutral to Buy
  • Shoals Technologies (SHLS) upgraded by Northland from Market Perform to Outperform
  • Ingersoll-Rand (IR) upgraded by Evercore ISI from In Line to Outperform
  • Albemarle (ALB) upgraded by Scotiabank from Sector Perform to Outperform
  • Energy Recovery (ERII) upgraded by Fearnley from Hold to Buy


  • XPO Logistics (XPO) downgraded by Stifel from Buy to Hold
  • Skyworks (SWKS) downgraded by BMO Capital from Outperform to Market Perform
  • Scotiabank (BNS) downgraded by Barclays from Equal Weight to Underweight
  • Royal Bank of Canada (RY) downgraded by Barclays from Overweight to Underweight
  • TD Bank (TD) downgraded by Barclays from Overweight to Equal Weight
  • Carlsberg (CABGY) downgraded by Kepler Cheuvreux from Hold to Reduce
  • Radian Group (RDN) downgraded by BofA from Buy to Underperform
  • Shopify (SHOP) downgraded by Atlantic Equities from Overweight to Neutral
  • TaskUs (TASK) downgraded by BofA from Buy to Underperform
  • Shopify (SHOP) downgraded by DZ Bank from Hold to Sell
  • Cummins (CMI) downgraded by Evercore ISI from Outperform to In Line
  • Maravai Lifesciences (MRVI) downgraded by Goldman Sachs from Buy to Neutral
  • PayPal (PYPL) downgraded by Credit Suisse from Outperform to Neutral
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