Upgrades
- Chr. Hansen (CHYHY) upgraded by Goldman Sachs from Neutral to Conviction Buy
- Nordex (NRDXF) upgraded by Citi from Neutral to Buy
- Toronto-Dominion (TD) upgraded by Keefe Bruyette from Market Perform to Outperform
- Ashmore Group (AJMPF) upgraded by Panmure Gordon from Hold to Buy
- Hunting (HNTIF) upgraded by Investec from Hold to Buy
- Lufthansa (DLAKY) upgraded by AlphaValue/Baader from Reduce to Add
- Salesforce (CRM) upgraded by Guggenheim from Sell to Neutral
- Pilbara Minerals (PILBF) upgraded by JPMorgan from Neutral to Overweight
- Holcim (HCMLY) upgraded by BofA from Neutral to Buy
- Acadian Timber (ACAZF) upgraded by Credit Suisse from Underperform to Neutral
- Okta (OKTA) upgraded by Guggenheim from Sell to Neutral
Downgrades
- Henkel (HENKY) downgraded by Goldman Sachs from Neutral to Sell
- Air Liquide (AIQUY) downgraded by Goldman Sachs from Conviction Buy to Neutral
- Covestro (COVTY) downgraded by Goldman Sachs from Conviction Buy to Buy
- Arkema (ARKAY) downgraded by Goldman Sachs from Buy to Neutral
- Forma Therapeutics (FMTX) downgraded by Oppenheimer from Outperform to Perform
- Barratt Developments (BTDPY) downgraded by HSBC from Buy to Hold
- Bellway (BLWYF) downgraded by HSBC from Buy to Hold
- Berkeley Group (BKGFF) downgraded by HSBC from Hold to Reduce
- Crest Nicholson (CRTHF) downgraded by HSBC from Buy to Hold
- Persimmon (PSMMY) downgraded by HSBC from Buy to Hold
- Redrow (RDWWF) downgraded by HSBC from Buy to Hold
- Taylor Wimpey (TWODF) downgraded by HSBC from Buy to Hold
- Forma Therapeutics (FMTX) downgraded by Jefferies from Buy to Hold
- LyondellBasell (LYB) downgraded by JPMorgan from Overweight to Neutral
- Dow Inc. (DOW) downgraded by JPMorgan from Overweight to Neutral
- Azure Power (AZRE) downgraded by RBC Capital from Outperform to Sector Perform
- Nvidia (NVDA) downgraded by Daiwa from Outperform to Neutral
- Weibo (WB) downgraded by ICBCl from Outperform to Neutra
- Tokyo Electron (TOELY) downgraded by SMBC Nikko from Outperform to Neutral
- Tilly’s (TLYS) downgraded by Seaport Global from Buy to Neutral
- C3.ai (AI) downgraded by Needham from Buy to Hold
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