Upgrades
- Electronic Arts (EA) upgraded by Jefferies from Hold to Buy
- EnLink Midstream (ENLC) upgraded by UBS from Neutral to Buy
- MediaAlpha (MAX) upgraded by JPMorgan from Neutral to Overweight
- Silicon Labs (SLAB) upgraded by KeyBanc from Sector Weight to Overweight
- American Airlines (AAL) upgraded by Raymond James from Underperform to Market Perform
- Skechers (SKX) upgraded by Morgan Stanley from Equal Weight to Overweight
- Makita (MKTAY) upgraded by Mizuho from Underperform to Neutral
- Wartsila (WRTBY) upgraded by Nordea from Hold to Buy
- Lundbeck (HLUKY) upgraded by SEB Equities from Hold to Buy
- SEB SA (SEBYF) upgraded by Societe Generale from Hold to Buy
- Harbour Energy (PMOIF) upgraded by Investec from Sell to Buy
- Verbund (OEZVY) upgraded by Societe Generale from Sell to Hold
- CNH Industrial (CNHI) upgraded by AlphaValue from Sell to Add
- Hermes (HESAY) upgraded by Societe Generale from Hold to Buy
- Marathon Oil (MRO) upgraded by Wolfe Research from Peer Perform to Outperform
- Laurentian Bank (LRCDF) upgraded by National Bank from Underperform to Sector Perform
- Verbund (OEZVY) upgraded by Societe Generale from Sell to Hold
- Imax (IMAX) upgraded by Wedbush from Neutral to Outperform
Downgrades
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- Kraft Heinz (KHC) downgraded by Piper Sandler from Overweight to Neutral
- Harley-Davidson (HOG) downgraded by Morgan Stanley from Equal Weight to Underweight
- U.S. Xpress Enterprises (USX) downgraded by Stephens from Overweight to Equal Weight
- Thule Group (THUPY) downgraded by SEB Equities from Buy to Hold
- Husqvarna (HUSQF) downgraded at Danske Bank from Buy to Hold
- Deutsche Wohnen (DTCWY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Pioneer Natural (PXD) downgraded by Wolfe Research from Outperform to Peer Perform
- Cabot Oil & Gas (COG) downgraded by Wolfe Research from Outperform to Peer Perform
- CaixaBank (CAIXY) downgraded by Credit Suisse from Outperform to Neutral
- Lufthansa (DLAKY) downgraded by Kepler Cheuvreux from Buy to Hold
- Workspace Group (WKPPF) downgraded by Barclays from Overweight to Underweight
- TAL Education (TAL) downgraded by Nomura from Buy to Neutral
- RingCentral (RNG) downgraded by Oppenheimer from Outperform to Perform
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