Upgrades
- Element Solutions (ESI) upgraded by Wolfe Research from Peer Perform to Outperform
- Denny’s (DENN) upgraded by Citi from Neutral to Buy
- Renk Group (RNKGF) upgraded by Citi from Neutral to Buy
- Volvo (VLVLY) upgraded by UBS from Sell to Neutral
- Tesla (TSLA) upgraded by Phillip Securities from Sell to Reduce
- Air Products (APD) upgraded by Redburn Atlantic from Sell to Neutral
- Stora Enso (SEOAY) upgraded by SEB Equities from Hold to Buy
- Trelleborg (TBABF) upgraded by Pareto from Hold to Buy
- Farmaceuticos Rovi (LABFF) upgraded by Grupo Santander from Neutral to Outperform
- TC Energy (TRP) upgraded by Morgan Stanley from Underweight to Overweight
- Ryanair (RYAAY) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- Alexandria (ARE) downgraded by RBC Capital from Outperform to Sector Perform
- Apple (AAPL) downgraded by KeyBanc from Sector Weight to Underweight
- Munich Re (MURGY) downgraded by Berenberg from Buy to Hold
- T-Mobile (TMUS) downgraded by Raymond James from Outperform to Market Perform
- Teck Resources (TECK) downgraded by Deutsche Bank from Buy to Hold
- Plains GP Holdings (PAGP) downgraded by Morgan Stanley from Overweight to Equal Weight
- Plains All American (PAA) downgraded by Morgan Stanley from Overweight to Equal Weight
- Boston Beer (SAM) downgraded by Jefferies from Buy to Hold
- Honeywell (HON) downgraded by Baird from Outperform to Neutral
- Kraft Heinz (KHC) downgraded by Stifel from Buy to Hold
- Bristol Myers (BMY) downgraded by Citi from Buy to Neutral
- Beyond (BYON) downgraded by BofA from Neutral to Underperform
- J.M. Smucker (SJM) downgraded by Stifel from Buy to Hold
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