Upgrades
- Coca-Cola HBC (CCHGY) upgraded by Goldman Sachs from Neutral to Buy
- L3Harris Technologies (LHX) upgraded by UBS from Neutral to Buy
- Azul (AZUL) upgraded by Goldman Sachs from Neutral to Buy
- Volaris (VLRS) upgraded by Goldman Sachs from Neutral to Buy
- Eaton Vance (EV) upgraded by Deutsche Bank from Hold to Buy
- BlackRock (BLK) upgraded by Deutsche Bank from Hold to Buy
- Airbus (EADSY) upgraded by Berenberg from Hold to Buy
- Syneos Health (SYNH) upgraded by Goldman Sachs from Neutral to Buy
- ArcelorMittal (MT) upgraded by Kepler Cheuvreux from Hold to Buy
- Covestro (COVTY) upgraded by MainFirst from Hold to Buy
- Virgin Money (CYBBF) upgraded by Investec from Hold to Buy
- Puma (PUMSY) upgraded by AlphaValue from Sell to Reduce
- Goodyear Tire (GT) upgraded by Northcoast from Neutral to Buy
- Workday (WDAY) upgraded by Citi from Neutral to Buy
- Pan American Silver (PAAS) upgraded by Deutsche Bank from Hold to Buy
Downgrades
- Bayer (BAYRY) downgraded by Bryan Garnier from Neutral to Sell
- Bayer (BAYRY) downgraded by HSBC from Buy to Hold
- Valero (VLO) downgraded by Goldman Sachs from Neutral to Sell
- Hurricane Energy (HRCXF) downgraded by Investec from Buy to Hold
- DCC plc (DCCPF) downgraded by Goldman Sachs from Neutral to Sell
- Rubis (RBSFY) downgraded by Goldman Sachs from Buy to Neutral
- Britvic (BTVCY) downgraded by Goldman Sachs from Buy to Neutral
- Copa Holdings (CPA) downgraded by Goldman Sachs from Buy to Neutral
- Asur (ASR) downgraded by Goldman Sachs from Buy to Neutral
- Selecta Biosciences (SELB) downgraded by Mizuho from Buy to Neutral
- InterContinental (IHG) downgraded by Exane BNP Paribas from Outperform to Neutral
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