Upgrades
- Cleveland-Cliffs (CLF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Rio Tinto (RIO) upgraded by Berenberg from Sell to Buy
- BHP Group (BHP) upgraded by Berenberg from Hold to Buy
- Nestle (NSRGY) upgraded by Deutsche Bank from Hold to Buy
- American Tower (AMT) upgraded by Deutsche Bank from Hold to Buy
- Halliburton (HAL) upgraded by Wolfe Research from Underperform to Outperform
- Vodafone (VOD) upgraded by BofA from Neutral to Buy
- Wix.com (WIX) upgraded by RBC Capital from Sector Perform to Outperform
- Netflix (NFLX) upgraded by Jefferies from Hold to Buy
- Hess Corp. (HES) upgraded by Wolfe Research from Peer Perform to Outperform
- Boeing (BA) upgraded by Credit Suisse from Underperform to Neutral
- Ambev (ABEV) upgraded by UBS from Sell to Buy
- Tractor Supply (TSCO) upgraded by Exane BNP Paribas from Neutral to Outperform
Downgrades
- Roku (ROKU) downgraded by Jefferies from Hold to Underperform
- Crown Castle (CCI) downgraded by Barclays from Overweight to Equal Weight
- Liberty Global (LBTYA) downgraded by Bernstein from Outperform to Market Perform
- DuPont (DD) downgraded by KeyBanc from Overweight to Sector Weight
- HP Enterprise (HPE) downgraded by Evercore ISI from Outperform to In Line
- Shell (SHEL) downgraded by Wolfe Research from Outperform to Peer Perform
- Spotify (SPOT) downgraded by Jefferies from Buy to Hold
- ConocoPhillips (COP) downgraded by Wolfe Research from Outperform to Peer Perform
- Ubisoft (UBSFY) downgraded by JPMorgan from Overweight to Neutral
- Air Products (APD) downgraded by Societe Generale from Buy to Hold
- Ubisoft (UBSFY) downgraded by Societe Generale from Hold to Sell
- BMW (BMWYY) downgraded by Bernstein from Outperform to Market Perform
- Louisiana-Pacific (LPX) downgraded by DA Davidson from Buy to Neutral
- AB InBev (BUD) downgraded by Deutsche Bank from Buy to Hold
- AB InBev (BUD) downgraded by UBS from Neutral to Sell
- Diageo (DEO) downgraded by UBS from Buy to Neutral
- Advance Auto Parts (AAP) downgraded by Wedbush from Outperform to Neutral
- Best Buy (BBY) downgraded by Exane BNP Paribas from Outperform to Neutral
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