Upgrades
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- DS Smith (DITHF) upgraded by Credit Suisse from Neutral to Outperform
- Barclays (BCS) upgraded by JPMorgan from Neutral to Overweight
- Elior Group (ELROF) upgraded by Stifel from Sell to Hold
- PVA TePla (TPLKF) upgraded by Oddo BHF from Underperform to Outperform
- JPMorgan (JPM) upgraded by Morgan Stanley from Underweight to Overweight
- Reinsurance Group (RGA) upgraded by RBC Capital from Sector Perform to Outperform
- PerkinElmer (PKI) upgraded by Cowen from Market Perform to Outperform
- China Resources Gas (CRGGF) upgraded by JPMorgan from Neutral to Overweight
- Estee Lauder (EL) upgraded by Deutsche Bank from Hold to Buy
- General Electric (GE) upgraded by Oppenheimer from Perform to Outperform
- Sinotruk (SHKLY) upgraded by HSBC from Hold to Buy
- Weichai Power (WEICY) upgraded by HSBC from Hold to Buy
- Zoomlion (ZLIOY) upgraded by HSBC from Hold to Buy
- PennyMac Financial (PFSI) upgraded by Wells Fargo from Equal Weight to Overweight
- Activision Blizzard (ATVI) upgraded by Edward Jones from Hold to Buy
Downgrades
- Steel Dynamics (STLD) downgraded by UBS to Neutral from Buy
- Edwards Lifesciences (EW) downgraded by Stifel from Buy to Hold
- Ashmore Group (AJMPF) downgraded by Citi from Neutral to Sell
- Lloyds Banking (LYG) downgraded by JPMorgan from Overweight to Neutral
- Close Brothers (CBGPY) downgraded by JPMorgan from Neutral to Underweight
- SAP (SAP) downgraded by Oddo BHF from Neutral to Underperform
- State Street (STT) downgraded by Morgan Stanley from Overweight to Equal Weight
- BNY Mellon (BK) downgraded by Morgan Stanley from Equal Weight to Underweight
- Equitable Holdings (EQH) downgraded by RBC Capital from Outperform to Sector Perform
- MEI Pharma (MEIP) downgraded by Truist from Buy to Hold
- MEI Pharma (MEIP) downgraded by BTIG from Buy to Neutral
- SoftBank Group (SFTBY) downgraded by JPMorgan from Overweight to Neutral
- General Mills (GIS) downgraded by Deutsche Bank from Buy to Hold
- Spectrum Brands (SPB) downgraded by Deutsche Bank from Buy to Hold
- Kimberly-Clark (KMB) downgraded by Deutsche Bank from Hold to Sell
- Boston Beer (SAM) downgraded by Deutsche Bank from Hold to Sell
- Molson Coors (TAP) downgraded by Deutsche Bank from Hold to Sell
- Conagra Brands (CAG) downgraded by Deutsche Bank from Hold to Sell
- Flowers Foods (FLO) downgraded by Deutsche Bank from Hold to Sell
- United Utilities (UUGRY) downgraded by JPMorgan from Overweight to Neutral
- New Gold (NGD) downgraded by TD Securities from Hold to Reduce
- Snap-On (SNA) downgraded by Oppenheimer from Outperform to Perform
- First Solar (FSLR) downgraded by GLJ Research from Buy to Sell
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