Upgrades
- Homeserve (HMSVF) upgraded by Barclays from Equal Weight to Overweight
- Yara (YARIY) upgraded by SEB Equities from Hold to Buy
- Semperit (SEIGY) upgraded by Erste Group from Accumulate to Buy
- Flughafen Wien (VIAAY) upgraded by HSBC from Reduce to Hold
- Motus Holdings (MOTUY) upgraded by HSBC from Hold to Buy
- Sino-Ocean Group (SIOLY) upgraded by JPMorgan from Underweight to Neutral
- Parex Resources (PARXF) upgraded by RBC Capital from Sector Perform to Outperform
- UCB (UCBJY) upgraded by JPMorgan from Neutral to Overweight
- Okta (OKTA) upgraded by Needham from Hold to Buy
Downgrades
- AB InBev (BUD) downgraded by JPMorgan from Neutral to Underweight
- Unilever (UL) downgraded by JPMorgan from Neutral to Underweight
- Henkel (HENKY) downgraded by JPMorgan from Overweight to Neutral
- Carlsberg (CABGY) downgraded by JPMorgan from Overweight to Neutral
- Coca-Cola HBC (CCHGY) downgraded by JPMorgan from Overweight to Neutral
- Assembly Bio (ASMB) downgraded by William Blair from Outperform to Market Perform
- Virgin Money (CYBBF) downgraded by Investec from Buy to Hold
- Yanzhou Coal Mining (YZCAY) downgraded by DBS Bank from Hold to Sell
- BE Semiconductor (BESIY) downgraded by Berenberg from Buy to Hold
- Alkermes (ALKS) downgraded by BofA from Neutral to Underperform
- Texas Capital (TCBI) downgraded by Wedbush from Outperform to Neutral
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