Upgrades
- Kuaishou Technology (KUASF) upgraded by Morgan Stanley from Underweight to Equal Weight
- Synlogic (SYBX) upgraded by Oppenheimer from Perform to Outperform
- Chevron (CVX) upgraded by RBC Capital from Sector Perform to Outperform
- BWX (BWXXF) upgraded by CLSA from Outperform to Buy
- Link Administration (LKADF) upgraded by CLSA from Outperform to Buy
- Hochschild Mining (HCHDF) upgraded by Barclays from Equal Weight to Overweight
- Deliveroo (DROOF) upgraded by JPMorgan from Neutral to Overweight
- Just Eat Takeaway (GRUB) upgraded by JPMorgan from Neutral to Overweight
- Dollar Tree (DLTR) upgraded by Telsey Advisory from Market Perform to Outperform
- Aegon (AEG) upgraded by Credit Suisse from Neutral to Outperform
- Diageo (DEO) upgraded by Investec from Sell to Hold
- Suzuken (SZUKF) upgraded by Citi from Neutral to Buy
- Trend Micro (TMICY) upgraded by Citi from Sell to Neutral
Downgrades
- Aareal Bank (AAALY) downgraded by Nord/LB from Hold to Sell
- Nordstrom (JWN) downgraded by Jefferies from Buy to Hold
- Titan Machinery (TITN) downgraded by Baird from Outperform to Neutral
- Lundin Energy (LNDNF) downgraded by Kepler Cheuvreux from Hold to Reduce
- SMA Solar (SMTGF) downgraded by Berenberg from Buy to Hold
- Hochschild Mining (HCHDF) downgraded by Berenberg from Buy to Hold
- Gap (GPS) downgraded by JPMorgan from Overweight to Neutral
- Anaplan (PLAN) downgraded by Piper Sandler from Overweight to Neutral
- Jack in the Box (JACK) downgraded by Stifel from Buy to Hold
- Alstria Office (ALSRF) downgraded by UBS from Buy to Neutral
- Healthcare Trust (HTA) downgraded by Berenberg from Buy to Hold
- Alibaba (BABA) downgraded by Argus from Buy to Hold
- Ping An Healthcare (PANHF) downgraded by JPMorgan from Overweight to Underweight
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