Upgrades
- Celanese (CE) upgraded by BofA from Neutral to Buy
- Adevinta (ADEVF) upgraded by JPMorgan from Neutral to Overweight
- MarketAxess (MKTX) upgraded by Atlantic Equities from Neutral to Overweight
- Pinduoduo (PDD) upgraded by Morgan Stanley from Equal Weight to Overweight
- Ambu (AMBBY) upgraded by DNB Markets from Hold to Buy
- Aena (ANYYY) upgraded by Societe Generale from Hold to Buy
- Murata Manufacturing (MRAAY) upgraded by JPMorgan from Neutral to Overweight
- Aecon Group (AEGXF) upgraded by Industrial Alliance from Hold to Buy
- Sandstorm Gold (SAND) upgraded by RBC Capital from Sector Perform to Outperform
- Okta (OKTA) upgraded by TD Cowen from Market Perform to Outperform
- DT Midstream (DTM) upgraded by Mizuho from Neutral to Buy
- iQIYI (IQ) upgraded by BofA from Neutral to Buy
- Salesforce (CRM) upgraded by Needham from Hold to Buy
Downgrades
- Shinhan Financial (SHG) downgraded by BofA from Buy to Neutral
- Babcock (BCKIF) downgraded by Citi from Buy to Neutral
- Nio (NIO) downgraded by Barclays from Overweight to Equal Weight
- Hays (HAYPY) downgraded by HSBC from Buy to Hold
- Nio (NIO) downgraded by JPMorgan from Overweight to Neutral
- Xometry (XMTR) downgraded by RBC Capital from Outperform to Sector Perform
- Travis Perkins (TPRKY) downgraded by Peel Hunt from Add to Hold
- Focus Financial (FOCS) downgraded by Keefe Bruyette from Outperform to Market Perform
- Silvergate Capital (SI) downgraded by JPMorgan from Neutral to Underweight
- ON Semiconductor (ON) downgraded by Raymond James from Outperform to Market Perform
- Axon (AXON) downgraded by JPMorgan from Overweight to Neutral
- Dollar Tree (DLTR) downgraded by JPMorgan from Overweight to Neutral
- Montrose Environmental (MEG) downgraded by JPMorgan from Overweight to Neutral
- PSI Software (PSSWF) downgraded by DZ Bank from Buy to Hold
- Nissan Chemical (NNCHY) downgraded by Citi from Buy to Neutral
- Myers Industries (MYE) downgraded by TD Cowen from Outperform to Market Perform
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