Upgrades
- Braskem (BAK) upgraded by Citi from Neutral to Buy
- Antero Resources (AR) upgraded by Scotiabank from Sector Perform to Outperform
- Range Resources (RRC) upgraded by Scotiabank from Sector Perform to Outperform
- Lundin Mining (LUNMF) upgraded by JPMorgan from Neutral to Overweight
- Santander Chile (BSAC) upgraded by Goldman Sachs from Sell to Neutral
- Bluescope Steel (BLSFY) upgraded by RBC Capital from Sector Perform to Outperform
- Deliveroo (DROOF) upgraded by Grupo Santander from Underperform to Neutral
- BioMarin (BMRN) upgraded by Bernstein from Market Perform to Outperform
- SFL Corporation (SFL) upgraded by Pareto from Hold to Buy
- Vornado (VNO) upgraded by Evercore ISI from Underperform to Outperform
- Astellas Pharma (ALPMY) upgraded by Bernstein from Market Perform to Outperform
Downgrades
- PropertyGuru (PGRU) downgraded by JMP Securities from Outperform to Market Perform
- Stride (LRN) downgraded by Citi from Buy to Neutral
- Genmab (GMAB) downgraded by JPMorgan from Overweight to Neutral
- Segro (SEGXF) downgraded by UBS from Buy to Neutral
- Alight (ALIT) downgraded by JPMorgan from Overweight to Neutral
- AvidXchange (AVDX) downgraded by JPMorgan from Overweight to Neutral
- Globant (GLOB) downgraded by UBS from Buy to Neutral
- Woodside Energy (WDS) downgraded by Bernstein from Outperform to Market Perform
- Santos (SSLZY) downgraded by Bernstein from Outperform to Market Perform
- JPMorgan (JPM) downgraded by Daiwa from Buy to Outperform
- Nufarm (NUFMF) downgraded by Citi from Neutral to Sell
- ZIM Integrated (ZIM) downgraded by Fearnley from Buy to Hold
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