Upgrades
- Tata Motors (TTM) upgraded by BofA from Neutral to Buy
- Exxon Mobil (XOM) upgraded by Mizuho from Neutral to Buy
- Bumble (BMBL) upgraded by KeyBanc from Sector Weight to Overweight
- Swatch Group (SWGAY) upgraded by RBC Capital from Underperform to Sector Perform
- Royal Caribbean (RCL) upgraded by Morgan Stanley from Underweight to Equal Weight
- AT&T (T) upgraded by Wells Fargo from Equal Weight to Overweight
- Oneok (OKE) upgraded by JPMorgan from Neutral to Overweight
- NXP Semiconductors (NXPI) upgraded by UBS from Sel to Neutrall
- American Tower (AMT) upgraded by Goldman Sachs from Neutral to Buy
- Pirelli (PLLIF) upgraded by Deutsche Bank from Hold to Buy
- Ryder (R) upgraded by Wolfe Research from Peer Perform to Outperform
- Nike (NKE) upgraded by KGI Securities from Neutral to Outperform
- U.S. Bancorp (USB) upgraded by UBS from Neutral to Buy
- Bank of America (BAC) upgraded by Odeon Capital from Hold to Buy
- Wells Fargo (WFC) upgraded by Odeon Capital from Hold to Buy
- Casella Waste (CWST) upgraded by UBS from Neutral to Buy
Downgrades
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- Southwestern Energy (SWN) downgraded by Mizuho from Buy to Neutral
- Phillips 66 (PSX) downgraded by Mizuho from Buy to Neutral
- Chevron (CVX) downgraded by Mizuho from Buy to Neutral
- Conifex Timber (CFXTF) downgraded by CIBC from Neutral to Underperformer
- Rayonier Advanced (RYAM) downgraded by RBC Capital from Outperform to Sector Perform
- Valeo (VLEEY) downgraded by Goldman Sachs from Buy to Neutral
- C.H. Robinson (CHRW) downgraded by Goldman Sachs from Buy to Neutral
- Canadian National (CNI) downgraded by Goldman Sachs from Neutral to Sell
- Pandora (PANDY) downgraded by RBC Capital from Sector Perform to Underperform
- Ericsson (ERIC) downgraded by Exane BNP Paribas from Outperform to Neutral
- Next plc (NXGPF) downgraded by Investec from Buy to Hold
- U.S. Cellular (USM) downgraded by Wells Fargo from Overweight to Underweight
- Boeing (BA) downgraded by Morgan Stanley from Overweight to Equal Weight
- PPG (PPG) downgraded by RBC Capital from Outperform to Sector Perform
- Ally Financial (ALLY) downgraded by Jefferies from Buy to Hold
- Capital One (COF) downgraded by Jefferies from Buy to Hold
- NetApp (NTAP) downgraded by Barclays from Overweight to Equal Weight
- ON Semiconductor (ON) downgraded by William Blair from Outperform to Market Perform
- A.O. Smith (AOS) downgraded by UBS from Neutral to Sell
- Kimco Realty (KIM) downgraded by Mizuho from Buy to Neutral
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