Upgrades
- New Oriental Education (EDU) upgraded by Goldman Sachs from Neutral to Buy
- Triple Flag (TFPM) upgraded by Canaccord from Hold to Buy
- FormFactor (FORM) upgraded by B. Riley from Neutral to Buy
- Rolls-Royce (RYCEY) upgraded by Berenberg from Hold to Buy
- Halma (HLMAF) upgraded by Citi from Neutral to Buy
- Avanza Bank (AVVZF) upgraded by Barclays from Equal Weight to Overweight
- Getinge (GNGBF) upgraded by Kepler Cheuvreux from Hold to Buy
- Colruyt (CUYTY) upgraded by Oddo BHF from Neutral to Outperform
- EPR Properties (EPR) upgraded by Citizens from Market Perform to Outperform
- Kratos Defense (KTOS) upgraded by JPMorgan from Neutral to Overweight
- AMD (AMD) upgraded by Citi from Neutral to Buy
- MarketAxess (MKTX) upgraded by BofA from Underperform to Neutral
- Towa Pharmaceutical (TWAPF) upgraded by Morgan Stanley from Equal Weight to Overweight
Downgrades
- Signify (SFFYF) downgraded by Goldman Sachs from Buy to Neutral
- Adobe (ADBE) downgraded by Stifel from Buy to Hold
- Broadstone Net Lease (BNL) downgraded by Citizens from Outperform to Market Perform
- Upstream Bio (UPB) downgraded by JPMorgan from Overweight to Neutral
- Adobe (ADBE) downgraded by Evercore ISI from Outperform to In Line
- Ares Capital (ARCC) downgraded by Wells Fargo from Overweight to Equal Weight
- Kayne Anderson BDC (KBDC) downgraded by Wells Fargo from Overweight to Equal Weight
- Nuveen Churchill (NCDL) downgraded by Wells Fargo from Equal Weight to Underweight
- SailPoint (SAIL) downgraded by BofA from Buy to Neutral
- Travelers (TRV) downgraded by Barclays from Equal Weight to Underweight
- Hancock Whitney (HWC) downgraded by Hovde Group from Outperform to Market Perform
- Adobe (ADBE) downgraded by Wolfe Research from Outperform to Peer Perform
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