Upgrades
- GitLab (GTLB) upgraded by Wolfe Research from Peer Perform to Outperform
- Experian (EXPGY) upgraded by Jefferies from Hold with Buy
- TUI (TUIFF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Airbus (EADSY) upgraded by UBS from Sell to Neutral
- Belimo (BLHWF) upgraded by HSBC from Hold to Buy
- Equinor (EQNR) upgraded by Grupo Santander from Underperform to Neutral
- IAG (ICAGY) upgraded by JPMorgan from Underweight to Overweight
- IMCD (IMCDY) upgraded by JPMorgan from Underweight to Overweight
- Honeywell (HON) upgraded by Berenberg from Hold to Buy
- Progressive (PGR) upgraded by Morgan Stanley from Equal Weight to Overweight
- Target (TGT) upgraded by HSBC from Hold to Buy
- Daimler Truck (DTRUY) upgraded by DZ Bank from Hold to Buy
- Target (TGT) upgraded by Deutsche Bank from Hold to Buy
Downgrades
- BlackRock TCP Capital (TCPC) downgraded by Oppenheimer from Outperform to Perform
- Arkema (ARKAY) downgraded by Berenberg from Buy to Hold
- Antofagasta (ANFGF) downgraded by Barclays from Equal Weight to Underweight
- Galp Energia (GLPEY) downgraded by Grupo Santander from Outperform to Neutral
- Basic-Fit (BSFFF) downgraded by Barclays from Overweight to Equal Weight
- Rotork (RTOXF) downgraded by Stifel from Buy to Hold
- Rockwell Automation (ROK) downgraded by Berenberg from Buy to Hold
- ChargePoint (CHPT) downgraded by RBC Capital from Outperform to Sector Perform
- Nio (NIO) downgraded by CLSA from Buy to Outperform
- Schneider Electric (SBGSY) downgraded by Deutsche Bank from Buy to Hold
- Alignment Healthcare (ALHC) downgraded by Piper Sandler from Overweight to Neutral
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