Upgrades
- Delek US (DK) upgraded by Goldman Sachs from Sell to Neutral
- Ultrapar (UGP) upgraded by Goldman Sachs from Neutral to Buy
- Compass Group (CMPGY) upgraded by Deutsche Bank from Hold to Buy
- Compass Group (CMPGY) upgraded by Societe Generale from Hold to Buy
- Green Plains (GPRE) upgraded by Jefferies from Hold to Buy
- Logitech (LOGI) upgraded by UBS from Sell to Neutral
- Givaudan (GVDNY) upgraded by Kepler Cheuvreux from Hold to Buy
- Symrise (SYIEY) upgraded by Kepler Cheuvreux from Hold to Buy
- Adecco (AHEXY) upgraded by Kepler Cheuvreux from Reduce to Buy
- Randstad (RANJY) upgraded by Kepler Cheuvreux from Reduce to Buy
- PageGroup (MPGPF) upgraded by Kepler Cheuvreux from Hold to Buy
- Weir Group (WEGRY) upgraded by Investec from Hold to Buy
- Duke Realty (DRE) upgraded by BofA from Neutral to Buy
- Union Pacific (UNP) upgraded by UBS from Neutral to Buy
- CSX (CSX) upgraded by UBS from Neutral to Buy
- Toyo Suisan (TSUKY) upgraded by Citi from Neutral to Buy
- Zions Bancorp (ZION) upgraded by DA Davidson from Neutral to Buy
- AB InBev (BUD) upgraded by JPMorgan from Underweight to Neutral
Downgrades
- Konecranes (KNCRY) downgraded by Goldman Sachs from Neutral to Sell
- Cosan (CZZ) downgraded by Goldman Sachs from Buy to Neutral
- Vallourec (VLOWY) downgraded by Goldman Sachs from Neutral to Sell
- TD Ameritrade (AMTD) downgraded by Compass Point from Buy to Neutral
- Salmar (SALRF) downgraded by DNB Markets from Buy to Hold
- Sydney Airport (SYDDF) downgraded by Jefferies from Buy to Hold
- Pinduoduo (PDD) downgraded by BofA from Buy to Neutral
- 3i Group (TGOPY) downgraded by Citi from Buy to Neutral
- Arco Platform (ARCE) downgraded by UBS from Buy to Neutral
- Charles Schwab (SCHW) downgraded by Compass Point from Buy to Neutral
- Afya (AFYA) downgraded by UBS from Buy to Neutral
- Sunnova Energy (NOVA) downgraded by BofA from Buy to Neutral
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