Upgrades
- Energean (EERGF) upgraded by Jefferies from Hold to Buy
- Capricorn Energy (CRNCY) upgraded by Jefferies from Hold to Buy
- XPO Logistics (XPO) upgraded by Morgan Stanley from Equal Weight to Overweight
- Ferrexpo (FEEXF) upgraded by Barclays from Underweight to Equal Weight
- Lundbeck (HLUYY) upgraded by Deutsche Bank from Sell to Hold
- Verbund (OEZVY) upgraded by HSBC from Hold to Buy
- Rexel (RXLSF) upgraded by Exane BNP Paribas from Neutral to Outperform
- Fortescue Metals (FSUGY) upgraded by CLSA from Sell to Underperform
- Singapore Telecom (SGAPY) upgraded by CLSA from Outperform to Buy
- Experian (EXPGY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Howmet Aerospace (HWM) upgraded by Benchmark from Hold to Buy
- Eversource (ES) upgraded by Guggenheim from Neutral to Buy
- Omnicom (OMC) upgraded by Wells Fargo from Equal Weight to Overweight
- Trane (TT) upgraded by Cowen from Market Perform to Outperform
- Lennox (LII) upgraded by Cowen from Market Perform to Outperform
- Interpublic Group (IPG) upgraded by Wells Fargo from Equal Weight to Overweight
- Acadian Timber (ACAZF) upgraded by CIBC from Underperformer to Neutral
- Diebold (DBD) upgraded by Wedbush from Neutral to Outperform
Downgrades
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- Madrigal Pharmaceuticals (MDGL) downgraded by B. Riley from Buy to Neutral
- Orora (ORRAF) downgraded by Jefferies from Buy to Hold
- Wipro (WIT) downgraded by Jefferies from Hold to Underperform
- Upstart (UPST) downgraded by JMP Securities from Outperform to Market Perform
- Illinois Tool Works (ITW) downgraded by UBS from Buy to Neutral
- Marston’s (MARZF) downgraded by HSBC from Hold to Reduce
- Telenor (TELNY) downgraded by HSBC from Buy to Hold
- Ubisoft (UBSFY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Intertek (IKTSY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Huntington Bancshares (HBAN) downgraded by Piper Sandler from Overweight to Neutral
- Peoples Bancorp (PEBO) downgraded by Piper Sandler from Overweight to Neutral
- Clear Channel Outdoor (CCO) downgraded by Wells Fargo from Overweight to Equal Weight
- Meridian Bioscience (VIVO) downgraded by H.C. Wainwright from Buy to Neutral
- iHeartMedia (IHRT) downgraded by Wells Fargo from Overweight to Equal Weight
- Six Flags (SIX) downgraded by Citi from Buy to Neutral
- Agilent (A) downgraded by Citi from Buy to Neutral
- PayPal (PYPL) downgraded by Redburn from Buy to Neutral
- American Airlines (AAL) downgraded by Argus from Buy to Hold
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