Upgrades
- Liberty Global (LBTYA) upgraded by Berenberg from Hold to Buy
- British Land (BTLCY) upgraded by Barclays from Underweight to Overweight
- Novo Nordisk (NVO) upgraded by JPMorgan from Neutral to Overweight
- BHP Group (BHP) upgraded by Jefferies from Hold to Buy
- Peabody Energy (BTU) upgraded by Jefferies from Hold to Buy
- Ramaco Resources (METC) upgraded by Jefferies from Hold to Buy
- Rio Tinto (RIO) upgraded by Jefferies from Hold to Buy
- South32 (SOUHY) upgraded by Jefferies from Hold to Buy
- Vale (VALE) upgraded by Jefferies from Hold to Buy
- Warrior Met Coal (HCC) upgraded by Jefferies from Hold to Buy
- XP Inc. (XP) upgraded by UBS from Neutral to Buy
- China Eastern Airlines (CEA) upgraded by Daiwa from Outperform to Buy
- Exxon Mobil (XOM) upgraded by Evercore ISI from In Line to Outperform
- Lear (LEA) upgraded by Wells Fargo from Equal Weight to Overweight
- McKesson (MCK) upgraded by Deutsche Bank from Hold to Buy
- AmerisourceBergen (ABC) upgraded by Deutsche Bank from Hold to Buy
Downgrades
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- Dassault Systemes (DASTY) downgraded by Jefferies from Hold to Underperform
- Trend Micro (TMICY) downgraded by Goldman Sachs from Buy to Neutral
- Biprogy (NTULF) downgraded by Goldman Sachs from Conviction Buy to Buy
- Biffa (BFFBF) downgraded by Peel Hunt from Buy to Add
- Alibaba Health (ALBHF) downgraded by Daiwa from Buy to Hold
- Occidental Petroleum (OXY) downgraded by Evercore ISI from Outperform to In Line
- Devon Energy (DVN) downgraded by Evercore ISI from Outperform to In Line
- Appen (APPEF) downgraded by Citi from Buy to Neutral
- TherapeuticsMD (TXMD) downgraded by H.C. Wainwright from Buy to Neutral
- Booz Allen (BAH) downgraded by Barclays from Overweight to Equal Weight
- Leidos (LDOS) downgraded by Barclays from Overweight to Equal Weight
- Banco de Chile (BCH) downgraded by Itau BBA from Outperform to Market Perform
- GrafTech (EAF) downgraded by Citi from Buy to Neutral
- Praxis Precision Medicines (PRAX) downgraded by BofA from Buy to Neutral
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