Upgrades
- Schroders (SHNWF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Zurich Insurance (ZURVY) upgraded by Morgan Stanley from Underweight to Equal Weight
- Zip Co. (ZIZTF) upgraded by RBC Capital from Sector Perform to Outperform
- Toast (TOST) upgraded by Mizuho from Neutral to Outperform
- Gap (GPS) upgraded by Morgan Stanley from Equal Weight to Overweight
- e.l.f. Beauty (ELF) upgraded by Baird from Neutral to Outperform
- VF Corp. (VFC) upgraded by Citi from Neutral to Buy
- Nexus Industrial (EFRTF) upgraded by National Bank from Sector Perform to Outperform
- IAG (ICAGY) upgraded by Oddo BHF from Neutral to Outperform
- Allstate (ALL) upgraded by BMO Capital from Market Perform to Outperform
- Fortinet (FTNT) upgraded by TD Cowen from Hold to Buy
- Block (SQ) upgraded by William Blair from Market Perform to Outperform
Downgrades
- Five Below (FIVE) downgraded by Deutsche Bank from Buy to Hold
- Pinnacle Financial (PNFP) downgraded by Piper Sandler from Overweight to Neutral
- Leslie’s (LESL) downgraded by Stifel from Hold to Sell
- Foot Locker (FL) downgraded by Morgan Stanley from Equal Weight to Underweight
- Crowdstrike (CRWD) downgraded by Redburn Atlantic from Neutral to Sell
- Palo Alto Networks (PANW) downgraded by Redburn Atlantic from Buy to Neutral
- ASML (ASML) downgraded by DZ Bank from Buy to Hold
- easyJet (ESYJY) downgraded by Oddo BHF from Outperform to Neutral
- Elevance Health (ELV) downgraded by BofA from Buy to Neutral
- PayPal (PYPL) downgraded by William Blair from Outperform to Market Perform
- Teradyne (TER) downgraded by Northland from Outperform to Market Perform
- Molson Coors (TAP) downgraded by Barclays from Equal Weight to Underweight
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