Upgrades
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- Dominion Lending Centres (BRLGF) upgraded by Desjardins from Hold to Buy
- Geberit (GBERY) upgraded by Goldman Sachs from Neutral to Buy
- Cadence Design (CDNS) upgraded by Stifel from Hold to Buy
- Naturgy Energy (GASNY) upgraded by Exane BNP Paribas from Underperform to Neutral
- AB InBev (BUD) upgraded by Morgan Stanley from Equal Weight to Overweight
- XP Inc. (XP) upgraded by Credit Suisse from Underperform to Neutral
- Panasonic (PCRFY) upgraded by SMBC Nikko from Neutral to Outperform
- Prologis (PLD) upgraded by Exane BNP Paribas from Neutral to Outperform
- U.S. Bancorp (USB) upgraded by Raymond James from Underperform to Market Perform
- Host Hotels (HST) upgraded to Outperform from Perform by Oppenheimer
- Zip Co. (ZIZTF) upgraded by Jefferies from Underperform to Hold
Downgrades
- Activision Blizzard (ATVI) downgraded by Citi from Buy to Neutral
- Diageo (DEO) downgraded by Morgan Stanley from Equal Weight to Underweight
- Pernod Ricard (PDRDF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Avis Budget (CAR) downgraded by Deutsche Bank from Buy to Hold
- Activision Blizzard (ATVI) downgraded by UBS from Buy to Neutral
- Carvana (CVNA) downgraded by RBC Capital from Sector Perform to Underperform
- Activision Blizzard (ATVI) downgraded by Jefferies from Buy to Hold
- Enphase Energy (ENPH) downgraded by Wolfe Research from Outperform to Peer Perform
- Skyworks (SWKS) downgraded by Barclays from Overweight to Equal Weight
- Volvo (VLVLY) downgraded by Nordea from Buy to Hold
- Activision Blizzard (ATVI) downgraded by Edward Jones from Buy to Hold
- Omnicell (OMCL) downgraded by Wells Fargo from Overweight to Underweight
- Owens Corning (OC) downgraded by Benchmark from Buy to Hold
- Estee Lauder (EL) downgraded by Barclays from Overweight to Equal Weight
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