Upgrades
- Snowflake (SNOW) upgraded by Jefferies from Hold to Buy
- Molson Coors (TAP) upgraded by Goldman Sachs from Sell to Neutral
- Hugo Boss (BOSSY) upgraded by Jefferies from Hold to Buy
- Legal & General (LGGNY) upgraded by Keefe Bruyette from Underperform to Market Perform
- Severn Trent (STRNY) upgraded by HSBC from Hold to Buy
- Ovintiv (OVV) upgraded by JPMorgan from Neutral to Overweight
- Harvey Norman (HNORY) upgraded by JPMorgan from Neutral to Overweight
- Riot Blockchain (RIO) upgraded by Compass Point from Neutral to Buy
- Microchip (MCHP) upgraded by Stifel from Hold to Buy
- Carsales.com (CSXXY) upgraded by RBC Capital from Sector Perform to Outperform
- Fortinet (FTNT) upgraded by BMO Capital from Market Perform to Outperform
- Tenneco (TEN) upgraded by JPMorgan from Neutral to Overweight
- Universal Technical (UTI) upgraded by Argus from Hold to Buy
- Banner Corp. (BANR) upgraded by Janney Montgomery Scott from Neutral to Buy
Downgrades
- Smart Share Global (EM) downgraded by Goldman Sachs from Buy to Neutral
- Boston Beer (SAM) downgraded by Goldman Sachs from Neutral to Sell
- Danske Bank (DNKEY) downgraded by JPMorgan from Neutral to Underweight
- Coles Group (CLEGF) downgraded by JPMorgan from Neutral to Underweight
- Wesfarmers (WFAFY) downgraded by JPMorgan from Neutral to Underweight
- Woolworths Group (WOLWF) downgraded by JPMorgan from Overweight to Neutral
- State Street (STT) downgraded by Deutsche Bank from Buy to Hold
- Carnival (CCL) downgraded by Peel Hunt from Buy to Add
- Novo Nordisk (NVO) downgraded by UBS from Neutral to Sell
- Henkel (HENKY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Nestle (NSRGY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Portland General Electric (POR) downgraded by Mizuho from Buy to Neutral
- Metcash (MCSHF) downgraded by CLSA from Buy to Outperform
- Jeld-Wen (JELD) downgraded by Wells Fargo from Overweight to Equal Weight
- eBay (EBAY) downgraded by UBS from Buy to Neutral
- Xinyi Solar (XNYIF) downgraded by HSBC from Buy to Hold
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