Upgrades
- Helvetia (HLVTY) upgraded by BNP Paribas Exane from Neutral to Outperform
- Baloise (BLHEF) upgraded by BNP Paribas Exane from Underperform to Outperform
- Crane (CR) upgraded by UBS from Neutral to Buy
- Wihlborgs Fastigheter (WIHLY) upgraded by Danske Bank from Hold to Buy
- Subsea 7 (SUBCY) upgraded by DNB Markets from Hold to Buy
- Bakkafrost (BKFKY) upgraded by Fearnley from Hold to Buy
- Kumba Iron Ore (KIROY) upgraded by HSBC from Hold to Buy
- Upstart (UPST) upgraded by BofA from Underperform to Neutral
- Chord Energy (CHRD) upgraded by BofA from Neutral to Buy
- Diamondback Energy (FANG) upgraded by BofA from Neutral to Buy
Downgrades
- SpringWorks Therapeutics (SWTX) downgraded by TD Cowen from Buy to Hold
- Air Liquide (AIQUY) downgraded by JPMorgan from Overweight to Neutral
- LVMH (LVMUY) downgraded by BNP Paribas Exane from Outperform to Neutral
- Deliveroo (DROOF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Volaris (VLRS) downgraded by Barclays from Overweight to Equal Weight
- Builders FirstSource (BLDR) downgraded by Stifel from Buy to Hold
- Icon (ICLR) downgraded by JPMorgan from Overweight to Neutral
- National Grid (NGG) downgraded by UBS from Buy to Neutral
- United Utilities (UUGRY) downgraded by UBS from Buy to Neutral
- Insulet (PODD) downgraded by Wolfe Research from Outperform to Peer Perform
- Amkor Technology (AMKR) downgraded by B. Riley from Buy to Neutral
- Lufax (LU) downgraded by Deutsche Bank from Hold to Sell
- Hims & Hers (HIMS) downgraded by TD Cowen from Buy to Hold
- ConocoPhillips (COP) downgraded by BofA from Buy to Neutral
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