Upgrades
- Snam (SNMRF) upgraded by Citi from Sell to Neutral
- UniCredit (UNCRY) upgraded by JPMorgan from Neutral to Overweight
- Cogent (CCOI) upgraded by KeyBanc from Sector Weight to Overweight
- Banco Santander (SAN) upgraded by Citi from Neutral to Buy
- Worley (WYGPY) upgraded by JPMorgan from Underweight to Neutral
- Intermediate Capital (ICGUF) upgraded by Exane BNP Paribas from Underperform to Neutral
- BRF S.A. (BRFS) upgraded by JPMorgan from Underweight to Neutral
- Koolearn Technology (KLTHF) upgraded by Daiwa from Underperform to Hold
- China Life Insurance (LFC) upgraded by DBS Bank from Hold to Buy
- Prologis (PLD) upgraded by Evercore ISI from In Line to Outperform
- Boralex (BRLXF) upgraded by Credit Suisse from Neutral to Outperform
- Hyatt (H) upgraded by Evercore ISI from In Line to Outperform
- Perficient (PRFT) upgraded by Alliance Global Partners from Neutral to Buy
Downgrades
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- Keurig Dr Pepper (KDP) downgraded by Goldman Sachs from Buy to Neutral
- SKF AB (SKFRY) downgraded by Jefferies from Hold to Underperform
- Hugo Boss (BOSSY) downgraded by Deutsche Bank from Buy to Hold
- Kering (PPRUY) downgraded by Barclays from Overweight to Equal Weight
- CS Disco (LAW) downgraded by Loop Capital from Buy to Hold
- Biffa (BFFBF) downgraded by Peel Hunt from Add to Hold
- Bangkok Chain Hospital (BKKCF) downgraded by DBS Bank from Hold to Fully Valued
- Biffa (BFFBF) downgraded by Investec from Buy to Hold
- SGS SA (SGSOY) downgraded by RBC Capital from Outperform to Sector Perform
- Douglas Emmett (DEI) downgraded by Evercore ISI from Outperform to In Line
- CSX (CSX) downgraded by UBS from Buy to Neutral
- Norfolk Southern (NSC) downgraded by UBS from Buy to Neutral
- Colliers International (CIGI) downgraded by Scotiabank from Outperform to Sector Perform
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