Upgrades
- Lundin Gold (LUGDF) upgraded by National Bank from Sector Perform to Outperform
- Charles Schwab (SCHW) upgraded by Keefe Bruyette from Market Perform to Outperform
- Ubisoft (UBSFY) upgraded by Jefferies from Underperform to Buy
- Clearwater Analytics (CWAN) upgraded by Oppenheimer from Perform to Outperform
- Equinor (EQNR) upgraded by Pareto from Sell to Hold
- Michelin (MGDDY) upgraded by HSBC from Hold to Buy
- Pirelli (PLLIF) upgraded by HSBC from Hold to Buy
- Ecolab (ECL) upgraded by Stifel from Hold to Buy
- Cinemark (CNK) upgraded by B. Riley from Neutral to Buy
- Gilead (GILD) upgraded by Raymond James from Market Perform to Outperform
- Columbia Sportswear (COLM) upgraded by Stifel from Hold to Buy
- Autoliv (ALV) upgraded by Wolfe Research from Peer Perform to Outperform
Downgrades
- GSK (GSK) downgraded by UBS from Buy to Neutral
- Arhaus (ARHS) downgraded by Jefferies from Buy to Hold
- State Street (STT) downgraded by Wolfe Research from Peer Perform to Underperform
- JPMorgan (JPM) downgraded by Wolfe Research from Outperform to Peer Perform
- KeyCorp (KEY) downgraded by UBS from Buy to Neutral
- Brinker (EAT) downgraded by Raymond James from Strong Buy to Outperform
- Desktop Metal (DM) downgraded by Cantor Fitzgerald from Overweight to Neutral
- ServiceNow (NOW) downgraded by Guggenheim from Neutral to Sell
- Spirit AeroSystems (SPR) downgraded by Bernstein from Outperform to Market Perform
- Canadian National (CNI) downgraded by Bernstein from Outperform to Market Perform
- Blue Owl Capital (OWL) downgraded by TD Cowen from Buy to Hold
- Bumble (BMBL) downgraded by Wells Fargo from Overweight to Equal Weight
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