Upgrades
- Hermes (HESAY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Julius Baer (JBAXY) upgraded by Morgan Stanley from Underweight to Equal Weight
- Siemens Healthineers (SMMNY) upgraded by Exane BNP Paribas from Neutral to Outperform
- UBS (UBS) upgraded by Societe Generale from Hold to Buy
- Spotify (SPOT) upgraded by DZ Bank from Sell to Hold
- Toast (TOST) upgraded by Redburn Atlantic from Neutral to Buy
- Prosperity Bancshares (PB) upgraded by Morgan Stanley from Underweight to Equal Weight
- Crown Holdings (CCK) upgraded by JPMorgan from Neutral to Overweight
- Quest Diagnostics (DGX) upgraded by Jefferies from Hold to Buy
- West Pharmaceutical (WST) upgraded by Jefferies from Hold to Buy
- Target (TGT) upgraded by Gordon Haskett from Hold to Buy
- Dollar Tree (DLTR) upgraded by Gordon Haskett from Accumulate to Buy
Downgrades
- Aptiv (APTV) downgraded by Morgan Stanley from Equal Weight to Underweight
- Air France-KLM (AFLYY) downgraded by Societe Generale from Buy to Hold
- Philips (PHG) downgraded by Exane BNP Paribas from Outperform to Underperform
- FMC Corporation (FMC) downgraded by Exane BNP Paribas from Outperform to Neutral
- New York Community Bancorp (NYCB) downgraded by JPMorgan from Overweight to Neutral
- Fortinet (FTNT) downgraded by HSBC from Hold to Reduce
- Rallybio (RLYB) downgraded by Jefferies from Buy to Hold
- Steven Madden (SHOO) downgraded by Citi from Buy to Neutral
- Everbridge (EVBG) downgraded by Raymond James from Outperform to Market Perform
- Rexford Industrial (REXR) downgraded by JPMorgan from Overweight to Neutral
- Wal-Mart de Mexico (WMMVY) downgraded by Barclays from Overweight to Equal Weight
- Vetropack (VTRKF) downgraded by Berenberg from Buy to Hold
- BJ’s Wholesale (BJ) downgraded by Gordon Haskett from Buy to Hold
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