Upgrades
- Cloudflare (NET) upgraded by CICC from Market Perform to Outperform
- Thule Group (THUPY) upgraded by Jefferies from Hold to Buy
- Monster Beverage (MNST) upgraded by CICC from Market Perform to Outperform
- TotalEnergies (TTE) upgraded by Morgan Stanley from Equal Weight to Overweight
- AB InBev (BUD) upgraded by Goldman Sachs from Neutral to Buy
- Johnson Controls (JCI) upgraded by Deutsche Bank from Hold to Buy
- Marriott (MAR) upgraded by Jefferies from Hold to Buy
- Hilton (HLT) upgraded by Jefferies from Hold to Buy
- Teva (TEVA) upgraded by JPMorgan from Neutral to Overweight
- Astera Labs (ALAB) upgraded by Morgan Stanley from Equal Weight to Overweight
- Nuvista Energy (NUVSF) upgraded by Desjardins from Hold to Buy
- ACI Worldwide (ACIW) upgraded by DA Davidson from Neutral to Buy
Downgrades
- Algonquin Power (AQN) downgraded by BMO Capital from Outperform to Market Perform
- BP (BP) downgraded by Morgan Stanley from Equal Weight to Underweight
- Lucky Strike (LUCK) downgraded by Roth Capital from Buy to Neutral
- Warner Music (WMG) downgraded by Goldman Sachs from Buy to Neutral
- Norwegian Air Shuttle (NWARF) downgraded by Barclays from Overweight to Equal Weight
- Iovance Biotherapeutics (IOVA) downgraded by Truist from Buy to Hold
- TaskUs (TASK) downgraded by Baird from Outperform to Neutral
- Target (TGT) downgraded by Bernstein from Market Perform to Underperform
- Amphastar (AMPH) downgraded by JPMorgan from Overweight to Neutral
- Tele2 (TLTZY) downgraded by Nordea from Buy to Hold
- Deliveroo (DROOF) downgraded by Bryan Garnier from Buy to Neutral
- Docebo (DCBO) downgraded by Morgan Stanley from Overweight to Equal Weight
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