Upgrades

  • NEC Corp. (NIPNF) upgraded by Citi from Sell to Neutral
  • ACM Research (ACMR) from Buy upgraded by Jefferies from Underperform to Buy
  • Galp Energia (GLPEY) from Buy upgraded by Exane BNP Paribas from Neutral to Outperform
  • Givaudan (GVDNY) from Buy upgraded by Stifel from Hold to Buy
  • KWS Saat (KNKZF) from Buy upgraded by Stifel from Hold to Buy
  • Lazard (LAZ) from Buy upgraded by Wolfe Research from Underperform to Peer Perform
  • AddLife (ADDLF) from Buy upgraded by SEB Equities from Sell to Hold
  • Southern Company (SO) from Buy upgraded by Goldman Sachs from Buy to Conviction Buy

Downgrades

  • Symrise (SYIEY) from Buy downgraded by Goldman Sachs from Buy to Neutral
  • Zalando (ZLNDY) from Buy downgraded by HSBC from Buy to Hold
  • Elisa (ELMUF) from Buy downgraded by BofA from Neutral to Underperform
  • Croda (COIHY) from Buy downgraded by Stifel from Buy to Hold
  • Evonik (EVKIF) from Buy downgraded by Stifel from Buy to Hold
  • Solvay (SLVYY) from Buy downgraded by Stifel from Buy to Hold
  • Lojas Renner (LRENY) downgraded by BofA from Buy to Underperform
  • Topdanmark (TPDKY) downgraded by Nordea from Buy to Hold
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