Upgrades and Downgrades for Tuesday, 1/21

Upgrades

• Clarivate Analytics (CCC) upgraded by Stifel from Hold to Buy
• Restaurant Brands (QSR) upgraded by Deutsche Bank from Hold to Buy
• TE Connectivity (TEL) upgraded by JPMorgan from Neutral to Overweight
• L Brands (LB) upgraded by KeyBanc from Sector Weight to Overweight
• J.B. Hunt (JBHT) upgraded by Raymond James from Market Perform to Outperform
• IMV Inc. (IMV) upgraded by Wells Fargo from Equal Weight to Overweight
• Jeld-Wen (JELD) upgraded by Wells Fargo from Equal Weight to Overweight
• Relx (RELX) upgraded by Citi from Neutral to Buy
• Intel (INTC) upgraded by Jefferies from Underperform to Hold
• Fresenius Medical (FMS) upgraded by Jefferies from Hold to Buy
• Visteon (VC) upgraded by Barclays from Equal Weight to Overweight
• Saipem (SAPMY) upgraded by Goldman Sachs from Neutral to Buy
• Avaya (AVYA) upgraded by Goldman Sachs from Neutral to Buy
• Glencore (GLNCY) upgraded by Goldman Sachs from Neutral to Buy
• RingCentral (RNG) upgraded by Goldman Sachs from Neutral to Buy

Downgrades

• Liberty Global (LBTYA) downgraded by Jefferies from Buy to Hold
• Ion Beam (IOBCF) downgraded by Jefferies from Hold to Underperform
• Pearson (PSO) downgraded by UBS from Buy to Neutral
• Subsea 7 (SUBCY) downgraded by Goldman Sachs from Buy to Neutral
• Ping Identity (PING) downgraded by Goldman Sachs from Buy to Neutral

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