Upgrades
- Bayer (BAYRY) upgraded by Goldman Sachs from Neutral to Buy
- Demant (WILYY) upgraded by Citi from Neutral to Buy
- Texas Instruments (TXN) upgraded by Bernstein from Underperform to Market Perform
- Visa (V) upgraded by Mizuho from Neutral to Outperform
- Udemy (UDMY) upgraded by Morgan Stanley from Underweight to Equal Weight
- Dr. Reddy’s (RDY) upgraded by HSBC from Hold to Buy
- Broadcom (AVGO) upgraded by Erste Group from Hold to Buy
- Southern Company (SO) upgraded by Jefferies from Hold to Buy
- Dr. Martens (DOCMF) upgraded by Peel Hunt from Hold to Add
- Reckitt Benckiser (RBGLY) upgraded by Bernstein from Market Perform to Outperform
- Intuitive Surgical (ISRG) upgraded by Erste Group from Hold to Buy
- Dollar Tree (DLTR) upgraded by JPMorgan from Neutral to Overweight
- OGE Energy (OGE) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- MercadoLibre (MELI) downgraded by Jefferies from Buy to Hold
- Ferguson (FERG) downgraded by Berenberg from Buy to Hold
- Azelis (AZLGF) downgraded by Berenberg from Buy to Hold
- Bankinter (BKNIY) downgraded by Kepler Cheuvreux from Buy to Hold
- Coursera (COUR) downgraded by Morgan Stanley from Overweight to Equal Weight
- Hemnet Group (HMNTY) downgraded by Nordea from Buy to Sell
- Mo-Bruk (MBRFF) downgraded by Erste Group from Buy to Hold
- Chewy (CHWY) downgraded by Jefferies from Buy to Hold
- Hamilton Insurance (HG) downgraded by BMO Capital from Outperform to Market Perform
- Eli Lilly (LLY) downgraded by Erste Group from Buy to Hold
- Salesforce (CRM) downgraded by Erste Group from Buy to Hold
- Airbus (EADSY) downgraded by Citi from Buy to Neutral
- Lavoro (LVRO) downgraded by Oppenheimer from Outperform to Underperform
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