Upgrades
- Tesla (TSLA) upgraded by New Street from Neutral to Buy
- Vulcan Materials (VMC) upgraded by Deutsche Bank from Hold to Buy
- Martin Marietta (MLM) upgraded by Deutsche Bank from Hold to Buy
- SBM Offshore (SBFFF) upgraded by Societe Generale from Hold to Buy
- Bayer (BAYRY) upgraded by Kepler Cheuvreux from Hold to Buy
- Evolution Gaming (EVVTY) upgraded by Pareto from Hold to Buy
- Close Brothers (CBGPY) upgraded by Peel Hunt from Hold to Add
- KBC Group (KBCSY) upgraded by Deutsche Bank from Hold to Buy
- Hancock Whitney (HWC) upgraded by BofA from Neutral to Buy
- Paychex (PAYX) upgraded by Citi from Neutral to Buy
- ProsiebenSat (PBSFY) upgraded by Goldman Sachs from Neutral to Buy
- BASF (BASFY) upgraded by MainFirst from Hold to Buy
- TransUnion (TRU) upgraded by Exane BNP Paribas from Neutral to Outperform
- EssilorLuxottica (ESLOY) upgraded by Societe Generale from Sell to Hold
Downgrades
- Glaukos (GKOS) downgraded by JPMorgan to Underweight from Neutral
- TransMedics (TMDX) downgraded by JPMorgan from Overweight to Neutral
- Intersect ENT (XENT) downgraded by JPMorgan from Overweight to Neutral
- Citi (C) downgraded by JPMorgan from Overweight to Neutral
- NeoPhotonics (NPTN) downgraded by JPMorgan from Overweight to Neutral
- Wynn Macau (WYNMF) downgraded by JPMorgan from Overweight to Underweight
- Sands China (SCHYY) downgraded by JPMorgan from Overweight to Neutral
- Melco International (MDEVF) downgraded by JPMorgan from Overweight to Neutral
- MGM China (MCHVF) downgraded by JPMorgan from Overweight to Neutral
- JCDecaux (JCDXF) downgraded by Goldman Sachs from Buy to Neutral
- Electrolux (ELUXY) downgraded by Kepler Cheuvreux from Buy to Hold
- G4S (GFSZY) downgraded by Kepler Cheuvreux from Buy to Hold
- Equinor (EQNR) downgraded by Kepler Cheuvreux from Buy to Hold
- Cairn Energy (CRNCY) downgraded by Peel Hunt from Buy to Add
- Novozymes (NVZMY) downgraded by Berenberg from Hold to Sell
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