Upgrades
- Evotec (EVO) upgraded by Deutsche Bank from Sell to Hold
- Huntington Bancshares (HBAN) upgraded by Deutsche Bank from Hold to Buy
- M&T Bank (MTB) upgraded by Deutsche Bank from Hold to Buy
- Healthcare Services (HCSG) upgraded by UBS from Neutral to Buy
- Edwards Lifesciences (EW) upgraded by Piper Sandler from Neutral to Overweight
- Cadence Design (CDNS) upgraded by JPMorgan from Neutral to Overweight
- TE Connectivity (TEL) upgraded by HSBC from Hold to Buy
- Adidas (ADDYY) upgraded by BofA from Neutral to Buy
- Renasant (RNST) upgraded by Raymond James from Outperform to Strong Buy
- Var Energi (VARRY) upgraded by Fearnley from Hold to Buy
- Utz Brands (UTZ) upgraded by DA Davidson from Neutral to Buy
- Lennox (LII) upgraded by Oppenheimer from Perform to Outperform
Downgrades
- Texas Instruments (TXN) downgraded by Summit Insights from Buy to Hold
- PTT Exploration (PEXNY) downgraded by JPMorgan from Overweight to Underweight
- United Tractors (PUTKF) downgraded by JPMorgan from Overweight to Neutral
- Avery Dennison (AVY) downgraded by JPMorgan from Overweight to Neutral
- Orion S.A. (OEC) downgraded by JPMorgan from Overweight to Neutral
- Weatherford (WFRD) downgraded by Raymond James from Strong Buy to Outperform
- Amerant Bancorp (AMTB) downgraded by Raymond James from Outperform to Market Perform
- Bunzl (BZLFY) downgraded by Peel Hunt from Add to Hold
- Sinch (CLCMF) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Atea (ATAZF) downgraded by Cantor Fitzgerald from Overweight to Neutral
- LVMH (LVMUY) downgraded by HSBC from Buy to Hold
- Moncler (MONRY) downgraded by HSBC from Buy to Hold
- Mondelez (MDLZ) downgraded by DA Davidson from Buy to Neutral
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