Upgrades
- Datadog (DDOG) upgraded by Wolfe Research from Peer Perform to Outperform
- Elemental Royalties (ELEMF) upgraded by National Bank from Sector Perform to Outperform
- Aeroports de Paris (AEOXF) upgraded by Barclays from Equal Weight to Overweight
- Flughafen Zuerich (FLGZY) upgraded by Barclays from Equal Weight to Overweight
- Indutrade (IDDWF) upgraded by Nordea from Hold to Buy
- EDP Renovaveis (EDRVF) upgraded by HSBC from Hold to Buy
- TransAlta (TAC) upgraded by Jefferies from Hold to Buy
- Tapestry (TPR) upgraded by TD Cowen from Hold to Buy
Downgrades
- GAP Airports (PAC) downgraded by BofA from Neutral to Underperform
- Aena (ANYYY) downgraded by Barclays from Overweight to Equal Weight
- Athens International Airport (ATHNF) downgraded by Barclays from Overweight to Equal Weight
- Boss Energy (BQSSF) downgraded by RBC Capital from Outperform to Sector Perform
- Thule Group (THUPY) downgraded by DNB Carnegie from Buy to Hold
- Venture Global (VG) downgraded by UBS from Buy to Neutral
- Americold Realty (COLD) downgraded by BNP Paribas Exane from Outperform to Neutral
- Lineage (LINE) downgraded by BNP Paribas Exane from Neutral to Underperform
- Capital Power (CPXWF) downgraded by Jefferies from Buy to Hold
- Conagra Brands (CAG) downgraded by BofA from Neutral to Underperform
- Joby Aviation (JOBY) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Ivanhoe Mines (IVPAF) downgraded by Scotiabank from Outperform to Sector Perform
- United Natural Foods (UNFI) downgraded by Northcoast from Buy to Neutral
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