Upgrades
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- Coca-Cola Femsa (KOF) upgraded by Goldman Sachs from Neutral to Buy
- Gruma (GPAGF) upgraded by Goldman Sachs from Neutral to Buy
- Grupo Lala (GRPBF) upgraded by Godlman Sachs from Neutral to Buy
- Chocoladefabriken Lindt (LDSVF) upgraded by Berenberg from Hold to Buy
- NeoPhotonics (NPTN) upgraded by Needham from Hold to Buy
- Comerica (CMA) upgraded by Citi from Sell to Neutral
- ADP (ADP) upgraded by Evercore ISI from In Line to Outperform
- McDonald’s (MCD) upgraded by Kalinowski from Neutral to Buy
Downgrades
- Spin Master (SNMFS) downgraded by CIBC from Outperformer to Neutral
- Estee Lauder (EL) downgraded by Citi from Buy to Neutral
- Rio Tinto (RIO) downgraded by BMO Capital from Outperform to Market Perform
- Kansas City Southern (KSU) downgraded by Deutsche Bank from Buy to Hold
- Compania Cervecerias (CCU) downgraded by Goldman Sachs from Buy to Neutral
- Grupo Lala (GRPBF) downgraded by Goldman Sachs from Neutral to Sell
- Minerva SA (MRVSY) downgraded by Goldman Sachs from Neutral to Sell
- Unilever (UN, UL) downgraded by Berenberg from Buy to Hold
- Ventas (VTR) downgraded by Raymond James from Market Perform to Underperform
- Domino’s Pizza Enterprises (DPZUF) downgraded by Citi from Neutral to Sell
- Suncorp Group (SNMCY) downgraded by Citi from Buy to Neutral
- Asur (ASR) downgraded by Barclays from Overweight to Equal Weight
- Lilis Energy (LLEX) downgraded by Stifel from Buy to Hold
- BioNTech (BNTX) downgraded by UBS from Buy to Neutral
- Allergan (AGN) downgraded by Wells Fargo from Overweight to Equal Weight
- Boeing (BA) downgraded by Vertical Research from Buy to Hold
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