Upgrades
- AutoZone (AZO) upgraded by Raymond James from Outperform to Strong Buy
- Beacon Roofing (BECN) upgraded by Jefferies from Hold to Buy
- Axalta Coating (AXTA) upgraded by Goldman Sachs from Buy to Conviction Buy
- Microbix Biosystems (MBXBF) upgraded by Industrial Alliance from Speculative Buy to Buy
- Henkel (HENKY) upgraded by Kepler Cheuvreux from Reduce to Hold
- BASF (BASFY) upgraded by Kepler Cheuvreux from Hold to Buy
- Puma (PUMSY) upgraded by Pareto from Hold to Buy
- Svenska Handelsbanken (SVNLY) upgraded by Barclays from Equal Weight to Overweight
- Theravance (TBPH) upgraded by Morgan Stanley from Equal Weight to Overweight
- Standard Life Aberdeen (SLFPF) upgraded by HSBC from Hold to Buy
- SKF AB (SKFRY) upgraded by Barclays from Underweight to Equal Weight
- Shift4 Payments (FOUR) upgraded by Compass Point from Sell to Neutral
- American Eagle (AEO) upgraded by Loop Capital from Sell to Hold
- Henkel (HENKY) upgraded by Kepler Cheuvreux from Reduce to Hold
- AnaptysBio (ANAB) upgraded by Guggenheim from Neutral to Buy
- Stagecoach Group (SAGKF) upgraded by HSBC from Hold to Buy
- Go-Ahead Group (GHGUF) upgraded by HSBC from Hold to Buy
Downgrades
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- Wartsila (WRTBY) downgraded by Goldman Sachs from Buy to Neutral
- Melia Hotels (SMIZF) downgraded by Deutsche Bank from Hold to Sell
- Accor (ACCYY) downgraded by Deutsche Bank from Buy to Hold
- Livongo Health (LVGO) downgraded by JPMorgan from Overweight to Neutral
- Invitae (NVTA) downgraded by JPMorgan from Overweight to Neutral
- Sherwin-Williams (SHW) downgraded by Goldman Sachs from Conviction Buy to Buy
- Scatec Solar (STECF) downgraded by DNB Markets from Hold to Sell
- Constellation Brands (STZ) downgraded by Atlantic Equities from Overweight to Neutral
- FirstGroup (FGROY) downgraded by HSBC from Buy to Hold
- Albemarle (ALB) downgraded by RBC Capital from Sector Perform to Underperform
- Repsol (REPYY) downgraded by HSBC from Buy to Hold
- Wipro (WIT) downgraded by Investec from Buy to Hold
- Proximus (BGAOY) downgraded by Barclays from Equal Weight to Underweight
- Watford Holdings (WTRE) downgraded by JMP Securities from Outperform to Market Perform
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