Upgrades
- Land Securities (LDSCY) upgraded by Morgan Stanley from Equal Weight to Overweight
- National Grid (NGG) upgraded by Jefferies from Hold to Buy
- Adidas (ADDYY) upgraded by RBC Capital from Sector Perform to Outperform
- LyondellBasell (LYB) upgraded by JPMorgan from Neutral to Overweight
- Cigna (CI) upgraded by Cantor Fitzgerald from Neutral to Overweight
- Citizens Financial (CFG) upgraded by Citi from Neutral to Buy
- Warner Music (WMG) upgraded by Redburn Atlantic from Sell to Neutral
- Informa (IFPJF) upgraded by UBS from Neutral to Buy
- Konecranes (KNCRY) upgraded by SEB Equities from Hold to Buy
- Volvo Car (VLVOF) upgraded by HSBC from Hold to Buy
- Cigna (CI) upgraded by RBC Capital from Sector Perform to Outperform
- SkyWest (SKYW) upgraded by TD Cowen from Market Perform to Outperform
- Tapestry (TPR) upgraded by Evercore ISI from In Line to Outperform
Downgrades
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- BigCommerce (BIGC) downgraded by Goldman Sachs from Buy to Neutral
- Markel (MKL) downgraded by Jefferies from Buy to Hold
- Six Flags (SIX) downgraded by B. Riley from Buy to Neutral
- Charter (CHTR) downgraded by JPMorgan from Overweight to Neutral
- Mattel (MAT) downgraded by JPMorgan from Overweight to Neutral
- TJX (TJX) downgraded by Redburn Atlantic from Buy to Neutral
- GlobalFoundries (GFS) downgraded by JPMorgan from Overweight to Neutral
- Barco (BCNAY) downgraded by Investec from Buy to Hold
- Parkland (PKIUF) downgraded by RBC Capital from Outperform to Sector Perform
- Portland (POR) General Electric downgraded by BofA from Buy to Neutral
- Take-Two (TTWO) downgraded by MoffettNathanson from Buy to Neutral
- Hilton (HLT) downgraded by Evercore ISI from Outperform to In Line
- Hyatt (H) downgraded by Evercore ISI from Outperform to In Line
- Clorox (CLX) downgraded by DA Davidson from Buy to Neutral
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