Upgrades
- Newmont (NEM) upgraded by RBC Capital from Sector Perform to Outperform
- IAMGold (IAG) upgraded by RBC Capital from Sector Perform to Outperform
- Equinox Gold (EQX) upgraded by RBC Capital from Sector Perform to Outperform
- Haleon (HLN) upgraded by Goldman Sachs from Neutral to Buy
- Nike (NKE) upgraded by TD Cowen from Hold to Buy
- Anglo American (NGLOY) upgraded by Berenberg from Sell to Hold
- BASF (BASFY) upgraded by Citi from Neutral to Buy
- IMCD (IMCDY) upgraded by Morgan Stanley from Equal Weight to Overweight
- TAG Immobilien (TAGOF) upgraded by BNP Paribas Exane from Neutral to Outperform
- Royal Unibrew (ROYUF) upgraded by Deutsche Bank from Hold to Buy
- Saia (SAIA) upgraded by Susquehanna from Neutral to Positive
- Oracle (ORCL) upgraded by BofA from Neutral to Buy
- Rocket Companies (RKT) upgraded by BofA from Neutral to Buy
Downgrades
- Tourmaline Bio (TRML) downgraded by Truist from Buy to Hold
- Centerra Gold (CGAU) downgraded by RBC Capital from Outperform to Sector Perform
- Pernod Ricard (PDRDF) downgraded by Morgan Stanley from Equal Weight to Underweight
- HelloFresh (HLFFF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Hess Midstream LP (HESM) downgraded by UBS from Buy to Neutral
- Synopsys (SNPS) downgraded by Baird from Outperform to Neutral
- Trade Desk (TTD) downgraded by Morgan Stanley from Overweight to Equal Weight
- BXP (BXP) downgraded by Compass Point from Buy to Neutral
- BorgWarner (BWA) downgraded by BofA from Buy to Neutral
- Lear (LEA) downgraded by BofA from Buy to Neutral
- HP Inc. (HPQ) downgraded by Evercore ISI from Outperform to In Line
- Acadia Healthcare (ACHC) downgraded by BofA from Buy to Neutral
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