Upgrades
- Future plc (FRNWF) upgraded by Berenberg from Hold to Buy
- Klepierre (KLPEF) upgraded by Citi from Sell to Buy
- Heico (HEI) upgraded by Morgan Stanley from Underweight to Equal Weight
- SentinelOne (S) upgraded by Canaccord from Hold to Buy
- Upstart (UPST) upgraded by Redburn Atlantic from Sell to Neutral
- DT Midstream (DTM) upgraded by Wells Fargo from Equal Weight to Overweight
- Kinder Morgan (KMI) upgraded by Wells Fargo from Equal Weight to Overweight
- Williams (WMB) upgraded by Wells Fargo from Equal Weight to Overweight
- Freenet (FRTAF) upgraded by UBS from Neutral to Buy
- Wise plc (WPLCF) upgraded by Peel Hunt from Hold to Buy
- Carnival plc (CUK) upgraded by Peel Hunt from Add to Buy
- Sunoco LP (SUN) upgraded by Mizuho from Neutral to Buy
Downgrades
- Stericycle (SRCL) downgraded by RBC Capital from Outperform to Sector Perform
- PTC (PTC) downgraded by Mizuho from Buy to Neutral
- Procore (PCOR) downgraded by Mizuho from Buy to Neutral
- Alfen (ALFNF) downgraded by Berenberg from Buy to Hold
- Nibe Industrier (NDRBF) downgraded by Barclays from Equal Weight to Underweight
- Allegion (ALLE) downgraded by Barclays from Equal Weight to Underweight
- Stanley Black & Decker (SWK) downgraded by Barclays from Overweight to Equal Weight
- Maxeon Solar (MAXN) downgraded by Goldman Sachs from Buy to Sell
- Allianz (ALIZY) downgraded by Citi from Buy to Neutral
- Neoen (NOSPF) downgraded by Kepler Cheuvreux from Buy to Hold
- Honda (HMC) downgraded by JPMorgan from Overweight to Neutral
- Stericycle (SRCL) downgraded by Stifel from Buy to Hold
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