Upgrades
- Adecoagro (AGRO) upgraded by BofA from Underperform to Neutral
- Mitsubishi Heavy Industries (MHVYF) upgraded by Jefferies from Hold to Buy
- Celanese (CE) upgraded by KeyBanc from Sector Weight to Overweight
- First Solar (FSLR) upgraded by Morgan Stanley from Underweight to Equal Weight
- Toast (TOST) upgraded by UBS from Neutral to Buy
- Krones (KRNTY) upgraded by HSBC from Reduce to Hold
- American Airlines (AAL) upgraded by Exane BNP Paribas from Neutral to Outperform
- Semtech (SMTC) upgraded by Needham from Hold to Buy
- CME Group (CME) upgraded by BofA from Underperform to Neutral
- Cenovus Energy (CVE) upgraded by Scotiabank from Sector Perform to Outperform
- ABC Technologies (ABCT.TO) upgraded by JPMorgan from Underweight to Neutral
- Chewy (CHWY) upgraded by Argus from Hold to Buy
- Macom (MTSI) upgraded by Craig-Hallum from Hold to Buy
Downgrades
- LG Display (LPL) downgraded by Morgan Stanley from Overweight to Equal Weight
- Genmab (GMAB) downgraded by RBC Capital from Outperform to Sector Perform
- Hikma (HKMPF) downgraded by RBC Capital from Outperform to Sector Perform
- Olin (OLN) downgraded by Goldman Sachs from Buy to Neutral
- JDE Peets (JDEPF) downgraded by Deutsche Bank from Buy to Hold
- Kinetik Holdings (KNTK) downgraded by Citi from Buy to Neutral
- Plains All American (PAA) downgraded by Citi from Buy to Neutral
- Plains GP Holdings (PAGP) downgraded by Citi from Buy to Neutral
- Stem (STEM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Block (SQ) downgraded by UBS from Buy to Neutral
- Hochtief (HOCFF) downgraded by HSBC from Buy to Hold
- Southwest (LUV) downgraded by Exane BNP Paribas from Outperform to Neutral
- Enbridge (ENB) downgraded by Wells Fargo from Overweight to Equal Weight
- Allegion (ALLE) downgraded by Longbow from Buy to Neutral
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