Upgrades and Downgrades for Tuesday, 8/22


  • Iron Mountain (IRM) upgraded by RBC Capital from Sector Perform to Outperform
  • Petronas Chemicals (PECGF) upgraded by Nomura from Neutral to Buy
  • Adecco (AHEXY) upgraded by Exane BNP Paribas from Underperform to Outperform
  • Hays (HAYPF) upgraded by Exane BNP Paribas from Neutral to Outperform
  • Altium (ALMFF) upgraded by RBC Capital from Sector Perform to Outperform
  • Cognizant (CTSH) upgraded by JPMorgan from Underweight to Neutral
  • AppLovin (APP) upgraded by Jefferies from Hold to Buy
  • Aramark (ARMK) upgraded by UBS from Neutral to Buy
  • Shift4 Payments (FOUR) upgraded by Raymond James from Market Perform to Outperform
  • Emerson Electric (EMR) upgraded by JPMorgan from Neutral to Overweight
  • Edison International (EIX) upgraded by Mizuho from Neutral to Buy
  • Pinnacle West (PNW) upgraded by Mizuho from Neutral to Buy
  • Restaurant Brands (QSR) upgraded by Northcoast from Neutral to Buy


  • Breville Group (BVILF) downgraded by RBC Capital from Sector Perform to Underperform
  • Evercore (EVR) downgraded by Goldman Sachs from Buy to Neutral
  • Certara (CERT) downgraded by Jefferies from Buy to Hold
  • PhenomeX (CELL) downgraded by Berenberg from Buy to Hold
  • Genpact (G) downgraded by JPMorgan from Neutral to Underweight
  • Aravive (ARAV) downgraded by Cantor Fitzgerald from Overweight to Neutral
  • Elkem (ELKEF) downgraded by Nordea from Buy to Hold
  • JDE Peets (JDEPF) downgraded by ING Bank from Buy to Hold
  • Target (TGT) downgraded by Daiwa from Outperform to Neutral
  • Xcel Energy (XEL) downgraded by BofA from Buy to Neutral
  • JSR Corporation (JSCPY) downgraded by Citi from Buy to Neutral
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