Today’s Consumer Price Index will set the tone for discussion about monetary policy over the coming weeks after the central bank raised its benchmark rate in July to the highest level since 2001. Another batch of soft figures could enable the Fed to continue taking its foot off the accelerator, as disinflation takes hold of the U.S. economy.

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Downgrades today 

• Sovos Brands (SOVO) downgraded by JPMorgan from Overweight to Neutral
• Barclays (BCS) downgraded by Exane BNP Paribas from Outperform to Neutral
• Virgin Money (CYBBF) downgraded by Exane BNP Paribas from Neutral to Underperform
• National Storage (NSA) downgraded by Stifel from Buy to Hold
• Westlake (WLK) downgraded by JPMorgan…

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Upgrades Today

• Mapletree Logistics Trust (MAGF)upgraded by Citi from Neutral to Buy
• Novocure (NVCR) upgraded by Piper Sandler from Neutral to Overweight
• Smith & Nephew (SNN) upgraded by UBS from Sell to Neutral
• Haleon (HLN) upgraded by Investec from Sell to Hold
• Vericel (VCEL) upgraded by BTIG from Neutral to Buy
• Axsome Therapeutics (AXSM) upgraded…

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