Upgrades
- Red Electrica (RDEIY) upgraded by Berenberg from Sell to Hold
- Flex LNG (FLNG) upgraded by Danske Bank from Hold to Buy
- Fraport (FPRUY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Aena (ANYYY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Aeroports de Paris (AEOXF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Lufthansa (DLAKY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Danske Bank (DNSKY) upgraded by Deutsche Bank from Hold to Buy
- KKR (KKR) upgraded by BofA from Neutral to Buy
- Premier (PINC) upgraded by Baird from Neutral to Outperform
- BioCryst (BCRX) upgraded by Evercore ISI from In Line to Outperform
- Denali Therapeutics (DNLI) upgraded by BTIG from Neutral to Buy
- Abiomed (ABMD) upgraded by Morgan Stanley from Underweight to Equal Weight
- Arcturus Therapeutics (ARCT) upgraded by Barclays from Underweight to Equal Weight
Downgrades
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- British American Tobacco (BTI) downgraded by Goldman Sachs from Buy to Neutral
- Universal Logistics (ULH) downgraded by Stifel from Buy to Hold
- Ocado Group (OCDGF) downgraded by JPMorgan from Neutral to Underweight
- Boohoo (BHOOY) downgraded by Liberum from Hold to Sell
- Iberdrola (IBDRY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Paradox Interactive (PRXXF) downgraded by SEB Equities from Buy to Hold
- Ecolab (ECL) downgraded by Deutsche Bank from Buy to Hold
- Semler Scientific (SMLR) downgraded by B. Riley from Buy to Neutral
- Air France-KLM (AFLYY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Cleveland-Cliffs (CLF) downgraded by Wolfe Research from Peer Perform to Underperform
- Abiomed (ABMD) downgraded by Deutsche Bank from Buy to Hold
- ITM Power (ITMPF) downgraded by Bernstein from Outperform to Market Perform
- Bally’s (BALY) downgraded by Stifel from Buy to Hold
- Nasdaq (NDAQ) downgraded by Credit Suisse from Outperform to Neutral
- Twilio (TWLO) downgraded by BofA from Buy to Underperform
- Catalent (CTLT) downgraded by BofA from Buy to Neutral
- Avista (AVA) downgraded by Mizuho from Buy to Neutral
- DCP Midstream (DCP) downgraded by JPMorgan from Overweight to Neutral
- Centerspace (CSR) downgraded by Compass Point from Buy to Neutral
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