Upgrades
- PagBank (PAGS) upgraded by Bradesco BBI from Neutral to Outperform
- Frontier Developments (FRRDF) upgraded by Deutsche Bank from Sell to Hold
- Telekom Indonesia (TLK) upgraded by JPMorgan from Neutral to Overweight
- 3M (MMM) upgraded by Wolfe Research from Peer Perform to Outperform
- Allianz (ALIZY) upgraded by Keefe Bruyette from Market Perform to Outperform
- Sandvik (SDVKY) upgraded by DNB Markets from Hold to Buy
- Zebra Technologies (ZBRA) upgraded by Exane BNP Paribas from Underperform to Neutral
- Legal & General (LGGNY) upgraded by BofA from Neutral to Buy
- Par Technology (PAR) upgraded by Stephens from Equal Weight to Overweight
- Kimberly-Clark (KMB) upgraded by BofA from Underperform to Buy
Downgrades
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- Cara Therapeutics (CARA) downgraded by Stifel from Buy to Hold
- Telefonica (TEF) downgraded by Deutsche Bank from Hold to Sell
- Ares Management (ARES) downgraded by Deutsche Bank from Buy to Hold
- Roper Technologies (ROP) downgraded by Wolfe Research from Outperform to Peer Perform
- Corning (GLW) downgraded by Morgan Stanley from Overweight to Equal Weight
- W. R. Berkley (WRB) downgraded by Goldman Sachs from Buy to Neutral
- SoftwareONE (SWONF) downgraded by Baader Helvea from Buy to Add
- Ericsson (ERIC) downgraded by Nordea from Buy to Hold
- Cara Therapeutics (CARA) downgraded by Needham from Buy to Hold
- NextEra Energy Partners (NEP) downgraded by Barclays from Equal Weight to Underweight
- Generac (GNRC) downgraded by Janney Montgomery Scott from Buy to Neutral
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