Upgrades
- Aena (ANYYY) upgraded by Jefferies from Hold to Buy
- Ferguson (FERG) upgraded by Jefferies from Hold to Buy
- Intertek (IKTSY) upgraded by RBC Capital from Underperform to Sector Perform
- IAG (ICAGY) upgraded by Peel Hunt from Hold to Buy
- CaixaBank (CAIXY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Grieg Seafood (GRGSF) upgraded by Danske Bank from Hold to Buy
- Volvo Car (VLVOF) upgraded by Bernstein from Market Perform to Outperform
- Shoals Technologies (SHLS) upgraded by Guggenheim from Neutral to Buy
- Trex Company (TREX) upgraded by BofA from Neutral to Buy
- Shoals Technologies (SHLS) upgraded by Northland from Market Perform to Outperform
- Ingersoll-Rand (IR) upgraded by Evercore ISI from In Line to Outperform
- Albemarle (ALB) upgraded by Scotiabank from Sector Perform to Outperform
- Energy Recovery (ERII) upgraded by Fearnley from Hold to Buy
Downgrades
- XPO Logistics (XPO) downgraded by Stifel from Buy to Hold
- Skyworks (SWKS) downgraded by BMO Capital from Outperform to Market Perform
- Scotiabank (BNS) downgraded by Barclays from Equal Weight to Underweight
- Royal Bank of Canada (RY) downgraded by Barclays from Overweight to Underweight
- TD Bank (TD) downgraded by Barclays from Overweight to Equal Weight
- Carlsberg (CABGY) downgraded by Kepler Cheuvreux from Hold to Reduce
- Radian Group (RDN) downgraded by BofA from Buy to Underperform
- Shopify (SHOP) downgraded by Atlantic Equities from Overweight to Neutral
- TaskUs (TASK) downgraded by BofA from Buy to Underperform
- Shopify (SHOP) downgraded by DZ Bank from Hold to Sell
- Cummins (CMI) downgraded by Evercore ISI from Outperform to In Line
- Maravai Lifesciences (MRVI) downgraded by Goldman Sachs from Buy to Neutral
- PayPal (PYPL) downgraded by Credit Suisse from Outperform to Neutral
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