Upgrades
- Nomad Foods (NOMD) upgraded by Goldman Sachs from Neutral to Buy
- Shell (SHEL) upgraded by Goldman Sachs from Neutral to Buy
- Michelin (MGDDY) upgraded by Goldman Sachs from Neutral to Buy
- Pennant Group (PNTG) upgraded by Stifel from Hold to Buy
- Frontier Group (ULCC) upgraded by Raymond James from Market Perform to Outperform
- Baozun (BZUN) upgraded by CLSA from Underperform to Outperform
- Rightmove (RTMVY) upgraded by HSBC from Reduce to Hold
- Universal Insurance (UVE) upgraded by Piper Sandler from Neutral to Overweight
- Willis Towers Watson (WTW) upgraded by Goldman Sachs from Neutral to Buy
- Union Pacific (UNP) upgraded by BofA from Neutral to Buy
- Omnicell (OMCL) upgraded by Benchmark from Hold to Buy
- State Street (STT) upgraded by Wells Fargo from Equal Weight to Overweight
- Enphase Energy (ENPH) upgraded by Janney Montgomery Scott from Neutral to Buy
- Frontier Communications (FYBR) upgraded by Raymond James from Outperform to Strong Buy
Downgrades
- Quilter (QUILF) downgraded by Citi from Neutral to Sell
- Hargreaves Lansdown (HRGLF) downgraded by Citi from Neutral to Sell
- Sono Group (SEV) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Amwell (AMWL) downgraded by Piper Sandler from Overweight to Neutral
- Village Farms (VFF) downgraded by Raymond James from Outperform to Market Perform
- Femsa (FMX) downgraded by Bradesco BBI from Outperform to Neutral
- Williams (WMB) downgraded by Bernstein from Outperform to Market Perform
- Opendoor Technologies (OPEN) downgraded by Oppenheimer from Outperform to Perform
- Deutsche Post (EPSGY) downgraded by HSBC from Buy to Hold
- Kuehne & Nagel (KHNGY) downgraded by HSBC from Hold to Reduce
- Best Buy (BBY) downgraded by Telsey Advisory from Outperform to Market Perform
- Limestone Bancorp (LMST) downgraded by Raymond James from Outperform to Market Perform
- Wingstop (WING) downgraded by Northcoast from Buy to Neutral
- Westlake (WLK) downgraded by RBC Capital from Outperform to Sector Perform
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