Upgrades
- Iron Mountain (IRM) upgraded by RBC Capital from Sector Perform to Outperform
- Petronas Chemicals (PECGF) upgraded by Nomura from Neutral to Buy
- Adecco (AHEXY) upgraded by Exane BNP Paribas from Underperform to Outperform
- Hays (HAYPF) upgraded by Exane BNP Paribas from Neutral to Outperform
- Altium (ALMFF) upgraded by RBC Capital from Sector Perform to Outperform
- Cognizant (CTSH) upgraded by JPMorgan from Underweight to Neutral
- AppLovin (APP) upgraded by Jefferies from Hold to Buy
- Aramark (ARMK) upgraded by UBS from Neutral to Buy
- Shift4 Payments (FOUR) upgraded by Raymond James from Market Perform to Outperform
- Emerson Electric (EMR) upgraded by JPMorgan from Neutral to Overweight
- Edison International (EIX) upgraded by Mizuho from Neutral to Buy
- Pinnacle West (PNW) upgraded by Mizuho from Neutral to Buy
- Restaurant Brands (QSR) upgraded by Northcoast from Neutral to Buy
Downgrades
- Breville Group (BVILF) downgraded by RBC Capital from Sector Perform to Underperform
- Evercore (EVR) downgraded by Goldman Sachs from Buy to Neutral
- Certara (CERT) downgraded by Jefferies from Buy to Hold
- PhenomeX (CELL) downgraded by Berenberg from Buy to Hold
- Genpact (G) downgraded by JPMorgan from Neutral to Underweight
- Aravive (ARAV) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Elkem (ELKEF) downgraded by Nordea from Buy to Hold
- JDE Peets (JDEPF) downgraded by ING Bank from Buy to Hold
- Target (TGT) downgraded by Daiwa from Outperform to Neutral
- Xcel Energy (XEL) downgraded by BofA from Buy to Neutral
- JSR Corporation (JSCPY) downgraded by Citi from Buy to Neutral
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