Upgrades
- Pandora A/S (PANDY) upgraded by Goldman Sachs from Sell to Neutral
- NatWest Group (NWG) upgraded by Goldman Sachs from Buy to Conviction Buy
- Software AG (STWRY) upgraded by Morgan Stanley from Underweight to Equal Weight
- Falcon Minerals (FLMN) upgraded by Wells Fargo from Equal Weight to Overweight
- Paradox Interactive (PRXXF) upgraded by Jefferies from Hold to Buy
- Suzuki Motor (SZKMY) upgraded by SMBC Nikko from Underperform to Neutral
- Agilent (A) upgraded by Citi from Neutral to Buy
- NeoPhotonics (NPTN) upgraded by Rosenblatt from Neutral to Buy
- Carnival (CCL) upgraded by UBS from Neutral to Buy
- Revolve Group (RVLV) upgraded by BofA from Neutral to Buy
- News Corp. (NWSA) upgraded by Guggenheim from Neutral to Buy
- Standard Life Aberdeen (SLFPF) upgraded by Deutsche Bank from Hold to Buy
- Upstart (UPST) upgraded by JMP Securities from Market Perform to Outperform
- Philips (PHG) upgraded by JPMorgan from Neutral to Overweight
- Shurgard Self Storage (SSSAF) upgraded by HSBC from Hold to Buy
- AG Growth International (AGGZF) upgraded by Raymond James from Market Perform to Strong Buy
Downgrades
- Adient (ADNT) downgraded by Morgan Stanley from Equal Weight to Underweight
- ViacomCBS (VIAC) downgraded by Macquarie from Neutral to Underperform
- Discovery (DISCA) downgraded by Macquarie from Neutral to Underperform
- Fannie Mae (FNMA) downgraded by Keefe Bruyette from Market Perform to Underperform
- Freddie Mac (FMCC) downgraded by Keefe Bruyette from Market Perform to Underperform
- Subaru (FUJHY) downgraded by Goldman Sachs from Buy to Neutral
- Park24 (PKCOY) downgraded by SMBC Nikko from Outperform to Neutral
- Thyssenkrupp (TKAMY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Lumentum (LITE) downgraded by Rosenblatt from Buy to Neutral
- Clariant (CLZNY) downgraded by Societe Generale from Buy to Hold
- Westlake Chemical Partners (WLKP) downgraded by UBS from Buy to Neutral
- Clorox (CLX) downgraded by DA Davidson from Buy to Neutral
- Westshore Terminals (WTSHF) downgraded by Scotiabank from Outperform to Sector Perform
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