Upgrades: Chewy (CHWY) upgraded to Outperform from Mkt Perform at Raymond James; tgt $36 The Trade Desk (TTD) upgraded to Positive from Neutral at Vertical Group TUI AG (TUIFF) upgraded to Buy from Hold at HSBC Securities Downgrades: DBS Group (DBSDY) downgraded to Hold from Buy at HSBC Securities NerdWallet (NRDS) downgraded to Neutral from Buy at Citigroup; tgt lowered to $14 Otter Tail Power (OTTR) downgraded to Hold from Buy at Maxim Group Thomson Reuters (TRI) downgraded to Sector Perform from Sector Outperform at Scotiabank Others: Civista Bancshares (CIVB) assumed with an Overweight at Piper Sandler