Upgrades
- GB Group (GBGPF) upgraded by Jefferies from Hold to Buy
- E.ON (EONGY) upgraded by Citi from Neutral to Buy
- Elia Group (ELIAF) upgraded by Citi from Sell to Neutral
- Bilfinger (BFLBY) upgraded by UBS from Neutral to Buy
- Micron (MU) upgraded by Piper Sandler from Underweight to Neutral
- Freyr Battery (FREY) upgraded by Morgan Stanley from Equal Weight to Overweight
- De La Rue (DLUEY) upgraded by Investec from Hold to Buy
- OVH Groupe (OVHFF) upgraded by Oddo BHF from Underperform to Neutral
- Tristel (TSNLF) upgraded by Investec from Hold to Buy
- Toyota (TM) upgraded by Citi from Neutral to Buy
- Schneider National (SNDR) upgraded by Susquehanna from Neutral to Positive
- RealReal (REAL) upgraded by BofA from Underperform to Neutral
- Copel (CPL.SA) upgraded by BofA from Neutral to Buy
Downgrades
- Paramount Resources (PRMRF) downgraded by National Bank from Outperform to Sector Perform
- Ashtead Group (ASHTY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Disney (DIS) downgraded by KeyBanc from Overweight to Sector Weight
- Kering (PPRUY) downgraded by HSBC from Buy to Hold
- Pfizer (PFE) downgraded by Credit Suisse from Outperform to Neutral
- Eurocash (EUSHY) downgraded by Citi from Neutral to Sell
- Citizens Financial (CFG) downgraded by JPMorgan from Overweight to Neutral
- RH (RH) downgraded by Loop Capital from Buy to Hold
- Oracle Corp. Japan (OCLCF) downgraded by Citi from Buy to Neutral
- ContextLogic (WISH) downgraded by Loop Capital from Hold to Sell
- Symbotic (SYM) downgraded by UBS from Buy to Neutral
- Coca-Cola Femsa (KOF) downgraded by Scotiabank from Outperform to Sector Perform
- Industrias Penoles (IPOAF) downgraded by Scotiabank from Sector Perform to Underperform
- Ashland (ASH) downgraded by Evercore ISI from Outperform to In Line
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