Upgrades
- L Brands (LB) upgraded by Jefferies from Underperform to Hold
- State Street (STT) upgraded by Keefe Bruyette from Market Perform to Outperform
- Citi (C) upgraded by Keefe Bruyette from Market Perform to Outperform
- easyJet (ESYJY) upgraded by Liberum from Hold to Buy
- Cree (CREE) upgraded by JPMorgan from Neutral to Overweight
- Shopify (SHOP) upgraded by Jefferies from Hold to Buy
- Norsk Hydro (NHYDY) upgraded by Pareto from Hold to Buy
- Arrow Global (ARWGF) upgraded by Peel Hunt from Reduce to Hold
- Target (TGT) upgraded by MKM Partners from Sell to Neutral
- Coty (COTY) upgraded by Citi from Neutral to Buy
- ZoomInfo (ZI) upgraded by Morgan Stanley from Equal Weight to Overweight
- Cohen & Steers (CNS) upgraded by BofA from Neutral to Buy
- Fiserv (FISV) upgraded by MoffettNathanson from Neutral to Buy
- GoodRx (GDRX) upgraded by RBC Capital from Sector Perform to Outperform
- Marriott (MAR) upgraded by Argus from Hold to Buy
- Wells Fargo (WFC) upgraded by DA Davidson from Neutral to Buy
Downgrades
- Foundation Building Materials (FBM) downgraded by Truist from Buy to Hold
- BNY Mellon (BK) downgraded by Keefe Bruyette from Outperform to Market Perform
- South State (SSB) downgraded by Keefe Bruyette from Outperform to Market Perform
- JPMorgan (JPM) downgraded by Keefe Bruyette from Outperform to Market Perform
- Reckitt Benckiser (RBGLY) downgraded by Jefferies from Hold to Underperform
- United Malt Group (UMLGF) downgraded by Jefferies from Buy to Hold
- Oil Search (OISHY) downgraded by JPMorgan from Overweight to Neutral
- China Overseas Land (CAOVY) downgraded by Goldman Sachs from Conviction Buy to Buy
- RSA Insurance (RSNAY) downgraded by Investec from Buy to Hold
- Siemens (SIEGY) downgraded by Societe Generale from Buy to Hold
- T. Rowe Price (TROW) downgraded by BofA from Buy to Neutral
- Cinemark (CNK) downgraded by Loop Capital from Buy to Hold
- Royal Bank of Canada (RY) downgraded by CIBC from Outperformer to Neutral
- ZTO Express (ZTO) downgraded by Daiwa from Buy to Outperform
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