Upgrades
- LyondellBasell (LYB) upgraded by Citi from Neutral to Buy
- Compass Group (CMPGY) upgraded by RBC Capital from Underperform to Sector Perform
- Schindler (SHLAF) upgraded by RBC Capital from Sector Perform to Outperform
- Orange (ORAN) upgraded by BofA from Underperform to Buy
- Salmar (SALRF) upgraded by Berenberg from Sell to Hold
- KeyCorp (KEY) upgraded by Wolfe Research from Underperform to Peer Perform
- Fluor (FLR) upgraded by UBS from Neutral to Buy
- Air France-KLM (AFLYY) upgraded by Bernstein from Market Perform to Outperform
- Aviva (AVVIY) upgraded by Jefferies from Hold to Buy
- Oddity (ODD) upgraded by BofA from Neutral to Buy
- Ibiden (IBIDF) upgraded by Goldman Sachs from Buy to Conviction Buy
- Hub Group (HUBG) upgraded by Wolfe Research from Peer Perform to Outperform
- Matson (MATX) upgraded by Wolfe Research from Peer Perform to Outperform
Downgrades
- B&G Foods (BGS) downgraded by Piper Sandler from Neutral to Underweight
- Apple (AAPL) downgraded by KeyBanc from Overweight to Sector Weight
- Banc of California (BANC) downgraded by Wells Fargo from Overweight to Equal Weight
- First Interstate (FIBK) downgraded by Wells Fargo from Overweight to Equal Weight
- Kering (PPRUY) downgraded by Bernstein from Outperform to Market Perform
- Vistry Group (BVHMF) downgraded by UBS from Neutral to Sell
- Point Biopharma (PNT) downgraded by William Blair from Outperform to Market Perform
- PPL Corp. (PPL) downgraded by UBS from Buy to Neutral
- Newmark (NMRK) downgraded by Raymond James from Outperform to Market Perform
- Atlantic Lithium (ALLIF) downgraded by Liberum from Buy to Hold
- ON Semiconductor (ON) downgraded by Exane BNP Paribas from Outperform to Neutral
- Ryder (R) downgraded by Wolfe Research from Outperform to Peer Perform
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