Upgrades
- Trican Well Service (TOLWF) upgraded by RBC Capital from Sector Perform to Outperform
- Holcim (HCMLY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Pioneer Natural (PXD) upgraded by Goldman Sachs from Buy to Conviction Buy
- AppLovin (APP) upgraded by Stifel from Hold to Buy
- BioMarin (BMRN) upgraded by Stifel from Hold to Buy
- Banco Santander (SAN) upgraded by Jefferies from Underperform to Hold
- Hays (HAYPY) upgraded by Barclays from Equal Weight to Overweight
- Boohoo Group (BHHOF) upgraded by Credit Suisse from Neutral to Outperform
- Pernod Ricard (PDRDY) upgraded by JPMorgan from Neutral to Overweight
- Macy’s (M) upgraded by Cowen from Market Perform to Outperform
- ConvaTec (CNVVY) upgraded by JPMorgan from Neutral to Overweight
- Fortescue Metals (FSUGY) upgraded by Citi from Neutral to Buy
- NeoPhotonics (NPTN) upgraded by Raymond James from Underperform to Market Perform
- HealthEquity (HQY) upgraded by SVB Leerink from Market Perform to Outperform
- TopBuild (BLD) upgraded by Benchmark from Hold to Buy
Downgrades
- Henkel (HENKY) downgraded by Goldman Sachs from Buy to Neutral
- Devon Energy (DVN) downgraded by Goldman Sachs from Conviction Buy to Buy
- Cisco (CSCO) downgraded by Morgan Stanley from Overweight to Equal Weight
- Vertex Pharmaceuticals (VRTX) downgraded by Stifel from Buy to Hold
- Draper Esprit (GRWXF) downgraded by Jefferies from Buy to Hold
- PPG (PPG) downgraded by Citi from Buy to Neutral
- Axalta Coating (AXTA) downgraded by Citi from Buy to Neutral
- Sherwin-Williams (SHW) downgraded by Citi from Buy to Neutral
- Eversource (ES) downgraded by Mizuho from Neutral to Underperform
- Red Electrica (RDEIY) downgraded by UBS from Neutral to Sell
- Yakult Honsha (YKLTY) downgraded by Citi from Buy to Neutral
- Coca-Cola HBC (CCHGY) downgraded by BofA from Buy to Neutral
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