Upgrades
- Cameco (CCJ) upgraded by BMO Capital from Market Perform to Outperform
- Jollibee Foods (JBFCY) upgraded by JPMorgan from Neutral to Overweight
- Millicom (TIGO) upgraded by JPMorgan from Neutral to Overweight
- Electrocomponents (EENEF) upgraded by Peel Hunt from Add to Buy
- Phoenix Group (PNXGF) upgraded by JPMorgan from Neutral to Overweight
- M&G Plc (MGPUF) upgraded by JPMorgan from Underweight to Neutral
- Wacker Chemie (WKCMF) upgraded by Oddo BHF from Neutral to Outperform
- Kapsch TrafficCom (KPSHF) upgraded by Erste Group from Accumulate to Buy
- Stillfront Group (STLFF) upgraded by HSBC from Hold to Buy
- CDW (CDW) upgraded by Morgan Stanley from Equal Weight to Overweight
- Blue Moon Group (BLUMY) upgraded by CICC from Market Perform to Outperform
- Unicharm (UNICY) upgraded by Goldman Sachs from Sell to Neutral
- Five Below (FIVE) upgraded by Citi from Neutral to Buy
- Vector Group (VGR) upgraded by Barclays from Equal Weight to Overweight
- Core & Main (CNM) upgraded by Barclays from Equal Weight to Overweight
- Starwood Property (STWD) upgraded by Raymond James from Outperform to Strong Buy
- Country Garden (CTRYY) upgraded by Jefferies from Hold to Buy
Downgrades
- BBVA (BBVA) downgraded by Deutsche Bank from Buy to Hold
- Liberty Oilfield (LBRT) downgraded by Wells Fargo from Overweight to Equal Weight
- AMD (AMD) downgraded by Barclays from Overweight to Equal Weight
- Trean Insurance (TIG) downgraded by Evercore ISI from Outperform to In Line
- BASF (BASFY) downgraded by Oddo BHF from Outperform to Neutral
- BNY Mellon (BK) downgraded by Wolfe Research from Outperform to Peer Perform
- Cancom (CCCMF) downgraded by DZ Bank from Hold to Sell
- Motorsport Games (MSGM) downgraded by Canaccord from Buy to Hold
- HP Inc. (HPQ) downgraded by Morgan Stanley from Equal Weight to Underweight
- Dell Technologies (DELL) downgraded by Morgan Stanley from Overweight to Equal Weight
- PulteGroup (PHM) downgraded by Barclays from Overweight to Equal Weight
- Taylor Morrison (TMHC) downgraded by Barclays from Overweight to Equal Weight
- Navient (NAVI) downgraded by Compass Point from Buy to Neutral
- Akebia (AKBA) downgraded by Mizuho from Buy to Neutral
- UpHealth (UPH) downgraded by Lake Street from Buy to Hold
- FMC Corporation (FMC) downgraded by Monness Crespi from Buy to Neutral
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