Upgrades
- Canadian Western (CBWBF) upgraded by Keefe Bruyette from Market Perform to Outperform
- Lululemon (LULU) upgraded by Bernstein from Underperform to Market Perform
- AkzoNobel (AKZOY) upgraded by Deutsche Bank from Hold to Buy
- Oracle (ORCL) upgraded by Barclays from Equal Weight to Overweight
- Lowe’s (LOW) upgraded by Bernstein from Market Perform to Outperform
- American Express (AXP) upgraded by RBC Capital from Sector Perform to Outperform
- Vail Resorts (MTN) upgraded by Stifel from Hold to Buy
- Liberty Formula One (FWONK) upgraded by Wolfe Research from Peer Perform to Outperform
- Stryker (SYK) upgraded by BofA from Neutral to Buy
- Sanofi (SNY) upgraded by Berenberg from Hold to Buy
- AllianceBernstein (AB) upgraded by BofA from Neutral to Buy
- NetApp (NTAP) upgraded by Susquehanna from Neutral to Positive
- Domino’s Pizza (DPZ) upgraded by TD Cowen from Market Perform to Outperform
- Equity Residential (EQR) upgraded by Wells Fargo from Equal Weight to Overweight
Downgrades
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- BBVA (BBVA) downgraded by Morgan Stanley from Overweight to Equal Weight
- Tesco (TSCDY) downgraded by JPMorgan from Overweight to Neutral
- Melco International (MDEVF) downgraded by JPMorgan from Overweight to Neutral
- Kite Realty Group (KRG) downgraded by Raymond James from Strong Buy to Market Perform
- Federal Realty (FRT) downgraded by Raymond James from Strong Buy to Outperform
- Synchrony (SYF) downgraded by RBC Capital from Outperform to Sector Perform
- Chicago Atlantic (REFI) downgraded by Compass Point from Buy to Neutral
- Innovative Industrial Properties (IIPR) downgraded by Compass Point from Buy to Neutral
- Roche (RHHBY) downgraded by Berenberg from Buy to Hold
- Volvo Car (VLVOF) downgraded by SEB Equities from Buy to Hold
- National Grid (NGG) downgraded by Baader Europe from Add to Reduce
- General Mills (GIS) downgraded by Exane BNP Paribas from Outperform to Neutral
- Cameco (CCJ) downgraded by Cantor Fitzgerald from Buy to Hold
- Spirit AeroSystems (SPR) downgraded by Melius Research from Buy to Hold
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