Upgrades
- MTU Aero Engines (MTUAY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Thales (THLLY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Air Liquide (AIQUY) upgraded by Societe Generale from Hold to Buy
- Intertek (IKTSY) upgraded by Berenberg from Hold to Buy
- News Corp. (NWSA) upgraded by JPMorgan from Neutral to Overweight
- Wendy’s (WEN) upgraded by Deutsche Bank from Hold to Buy
- Interroll (IRRHF) upgraded by Stifel from Hold to Buy
- 3M (MMM) upgraded by JPMorgan from Neutral to Overweight
- Rockwell Automation (ROK) upgraded by Baird from Neutral to Outperform
- Kohl’s (KSS) upgraded by Citi from Neutral to Buy
- RTL Group (RGLXY) upgraded by JPMorgan from Neutral to Overweight
- Dick’s Sporting (DKS) upgraded by Citi from Neutral to Buy
- Texas Instruments (TXN) upgraded by Summit Insights from Hold to Buy
- Nordea Bank (NRDBY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Greencore (GNCGY) upgraded by Jefferies from Hold to Buy
Downgrades
- Xerox (XRX) downgraded by Credit Suisse from Outperform to Neutral
- MasterCard (MA) downgraded by KeyBanc from Overweight to Sector Weight
- Visa (V) downgraded by KeyBanc from Overweight to Sector Weight
- Air France-KLM (AFLYY) downgraded by Berenberg from Hold to Sell
- Barclays (BCS) downgraded by Redburn from Buy to Neutral
- Natixis (NTXFY) downgraded by Societe Generale from Hold to Sell
- Spotify (SPOT) downgraded by Nordea from Buy to Hold
- Bed Bath & Beyond (BBBY) downgraded by Baird from Outperform to Neutral
- Albertsons (ACI) downgraded by Wells Fargo from Overweight to Equal Weight
- Under Armour (UAA) downgraded by Citi from Buy to Neutral
- Five Below (FIVE) downgraded by Citi from Buy to Neutral
- SunPower (SPWR) downgraded by Piper Sandler from Overweight to Neutral
- Ulta Beauty (ULTA) downgraded by Citi from Buy to Neutral
- Burlington Stores (BURL) downgraded by Citi from Buy to Neutral
- Veon (VEON) downgraded by BofA from Neutral to Underperform
- Zurich Insurance (ZURVY) downgraded by Citi from Buy to Neutral
- DuPont (DD) downgraded by Susquehanna from Positive to Neutral
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