Upgrades
- Bellway (BLWYF) upgraded by Jefferies from Hold to Buy
- Saint-Gobain (CODYY) upgraded by Jefferies from Hold to Buy
- Grifols (GRFS) upgraded by Morgan Stanley from Equal Weight to Overweight
- Aena (ANNSF) upgraded by Morgan Stanley from Underweight to Overweight
- Comcast (CMCSA) upgraded by Wells Fargo from Underweight to Equal Weight
- Murphy Oil (MUR) upgraded by JPMorgan from Neutral to Overweight
- Callon Petroleum (CPE) upgraded by JPMorgan from Underweight to Neutral
- Novartis (NVS) upgraded by Stifel from Hold to Buy
- Vitesco Technologies (VTSCY) upgraded by JPMorgan from Neutral to Overweight
- United Airlines (UAL) upgraded by Morgan Stanley from Equal Weight to Overweight
- Crowdstrike (CRWD) upgraded by Daiwa from Outperform to Buy
- Porsche (POAHY) upgraded by HSBC from Hold to Buy
- MGM Resorts (MGM) upgraded by Truist from Hold to Buy
- Domino’s Pizza (DPZ) upgraded by BTIG from Neutral to Buy
- Diversified Royalty (BEVFF) upgraded by CIBC from Neutral to Outperformer
- KPN (KKPNY) upgraded by BofA from Neutral to Buy
- United Internet (UDIRF) upgraded by BofA from Neutral to Buy
- Elisa (ELMUF) upgraded by BofA from Underperform to Neutral
Downgrades
- Swisscom (SCMWY) downgraded by Deutsche Bank from Hold to Sell
- Persimmon (PSMMY) downgraded by Jefferies from Buy to Hold
- Kingspan Group (KGSPY) downgraded by Jefferies from Hold to Underperform
- Starbucks (SBUX) downgraded by Deutsche Bank from Buy to Hold
- Terex (TEX) downgraded by Deutsche Bank from Buy to Hold
- Adecco (AHEXY) downgraded by Morgan Stanley from Equal Weight to Underweight
- PageGroup (MPGPF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Swedish Orphan (BIOVF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Bayer (BAYRY) downgraded by BofA from Buy to Neutral
- Laredo Petroleum (LPI) downgraded by JPMorgan from Neutral to Underweight
- NetApp (NTAP) downgraded by Loop Capital from Buy to Hold
- Israel Discount Bank (ISDAY) downgraded by Barclays from Overweight to Equal Weight
- Jeronimo Martins (JRONY) downgraded by JPMorgan from Overweight to Neutral
- Allegiant Travel (ALGT) downgraded by Morgan Stanley from Overweight to Equal Weight
- GSK (GSK) downgraded by BofA from Neutral to Underperform
- Unilever (UL) downgraded by Bernstein from Outperform to Market Perform
- Danone (DANOY) downgraded by Bernstein from Outperform to Market Perform
- Watches of Switzerland (WOSGF) downgraded by HSBC from Buy to Hold
- Liberty Global (LBTYA) downgraded by BofA from Buy to Neutral
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