Todays 

Downgrades

• Phillips Edison (PECO) downgraded by Wolfe Research from Outperform to Peer Perform
• American Equity (AEL) downgraded by RBC Capital from Outperform to Sector Perform
• Telefonica (TEF) downgraded by Exane BNP Paribas from Outperform to Neutral
• Iberdrola (IBDRY) downgraded by Goldman Sachs from Buy to Neutral
• Kingspan…

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Todays 

Upgrades

• Simon Property (SPG) upgraded by Wolfe Research from Peer Perform to Outperform
• Canadian Solar (CSIQ) upgraded by UBS from Neutral to Buy
• United Utilities (UUGRY) upgraded by Morgan Stanley from Equal Weight to Overweight
• Tele2 (TLTZY) upgraded by DNB Markets from Hold to Buy
• Teva (TEVA) upgraded by UBS from Sell to Neutral
• BHP…

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Market Update: there has been little reaction to the factory data as more important indicators are awaited. Wall Street has pared opening declines with the NASDAQ slightly firmer, up 0.11%, extending the massive 1H rally, supported by gains in Meta and Nvidia. Concerns over the global economy are weighing slightly on the Dow and S&P 500 which… Read more