Upgrades
- Assa Abloy (ASAZY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Electrolux (ELUXY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Melrose Industries (MLSPF) upgraded by Exane BNP Paribas from Neutral to Outperform
- Proximus (BGAOY) upgraded by Oddo BHF from Neutral to Outperform
- Swisscom (SCMWY) upgraded by HSBC from Hold to Buy
- Traton (TRATF) upgraded by Exane BNP Paribas from Underperform to Neutral
- NewRiver REIT (NRWRF) upgraded by Barclays from Equal Weight to Overweight
- Talanx (TNXXF) upgraded by Societe Generale from Hold to Buy
- Cooper Companies (COO) upgraded by Baird from Neutral to Outperform
- Henderson Land (HLDCY) upgraded by JPMorgan from Underweight to Overweight
- Consolidated Edison (ED) upgraded by BofA from Underperform to Neutral
- SoundHound (SOUN) upgraded by Cantor Fitzgerald from Neutral to Overweight
- Skyworks (SWKS) upgraded by KGI Securities from Neutral to Outperform
Downgrades
- Steelcase (SCS) downgraded by Benchmark from Buy to Hold
- MillerKnoll (MLKN) downgraded by Benchmark from Buy to Hold
- Nutrien (NTR) downgraded by Piper Sandler from Overweight to Neutral
- American Homes (AMH) downgraded by Wolfe Research from Outperform to Peer Perform
- Invitation Homes (INVH) downgraded by Wolfe Research from Outperform to Peer Perform
- ABB (ABB) downgraded by Exane BNP Paribas from Neutral to Underperform
- Legrand (LGRDY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Nexans (NXPRF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Proximus (BGAOY) downgraded by HSBC from Hold to Reduce
- Smiths Group (SMGZY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Telenet (TLGHF) downgraded by Oddo BHF from Neutral to Underperform
- Securitas (SCTBF) downgraded by Jefferies from Hold to Underperform
- Yara (YARIY) downgraded by Deutsche Bank from Buy to Hold
- Crowdstrike (CRWD) downgraded by Stifel from Buy to Hold
- Swire Properties (SWPFF) downgraded by JPMorgan from Overweight to Underweight
- Carvana (CVNA) downgraded by BofA from Buy to Neutral
- Tokyo Gas (TKGSY) downgraded by Citi from Buy to Neutral
- Solid Power (SLDP) downgraded by DA Davidson from Buy to Neutral
- PennyMac Mortgage (PMT) downgraded by JonesTrading from Buy to Hold
- Methanex (MEOH) downgraded by RBC Capital from Outperform to Sector Perform
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