Upgrades
- NetEase (NTES) upgraded by JPMorgan from Neutral to Overweight
- Kontoor Brands (KTB) upgraded by Stifel from Hold to Buy
- Pirelli (PLLIF) upgraded by Goldman Sachs from Sell to Neutral
- Otsuka (OTSKY) upgraded by Goldman Sachs from Sell to Neutral
- Kinder Morgan (KMI) upgraded by Bernstein from Market Perform to Outperform
- ABN Amro (AAVMY) upgraded by Berenberg from Sell to Hold
- Philip Morris (PM) upgraded by UBS from Neutral to Buy
- Associated British Foods (ASBFY) upgraded by HSBC from Hold to Buy
- Adidas (ADDYY) upgraded by HSBC from Hold to Buy
- TransUnion (TRU) upgraded by Exane BNP Paribas from Neutral to Outperform
- Applied Materials (AMAT) upgraded by KGI Securities from Neutral to Outperform
- Lam Research (LRCX) upgraded by KGI Securities from Neutral to Outperform
- Empire State Realty (ESRT) upgraded by BofA from Neutral to Buy
- Red Robin (RRGB) upgraded by Benchmark from Hold to Buy
- Procter & Gamble (PG) upgraded by UBS from Neutral to Buy
Downgrades
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- Scotiabank (BNS) downgraded by Canaccord from Buy to Hold
- New York Mortgage (NYMT) downgraded by JonesResearch from Buy to Hold
- Tsumura (TSMRF) downgraded by Credit Suisse from Outperform to Neutral
- Makita (MKTAY) downgraded by JPMorgan from Neutral to Underweight
- Spirit AeroSystems (SPR) downgraded by Bernstein from Outperform to Market Perform
- First Advantage (FA) downgraded by RBC Capital from Outperform to Sector Perform
- Builders FirstSource (BLDR) downgraded by BMO from Outperform to Market Perform
- BAE Systems (BAESY) downgraded by Berenberg from Buy to Hold
- Dassault Aviation (DUAVF) downgraded by Berenberg from Buy to Hold
- iHeartMedia (IHRT) downgraded by JPMorgan from Neutral to Underweight
- Trend Micro (TMICY) downgraded by Daiwa from Outperform to Neutral
- KLA Corp. (KLAC) downgraded by KGI Securities from Outperform to Neutral
- Grocery Outlet (GO) downgraded by Craig-Hallum from Buy to Hold
- Warby Parker (WRBY) downgraded by Citi from Buy to Neutral
- Ambarella (AMBA) downgraded by Roth MKM from Buy to Neutral
- Novavax (NVAX) downgraded by B. Riley from Buy to Neutral
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