Upgrades
- Elisa (ELMUF) upgraded by Goldman Sachs from Neutral to Buy
- Rightmove (RTMVY) upgraded by UBS from Neutral to Buy
- Adevinta (ADEVF) upgraded by DNB Markets from Sell to Hold
- Infineon (IFNNY) upgraded by Credit Suisse from Underperform to Outperform
- Alcon (ALC) upgraded by BTIG from Neutral to Buy
- Travis Perkins (TPRKY) upgraded by RBC Capital from Sector Perform to Outperform
- Beazley (BZLYF) upgraded by Investec from Hold to Buy
- Volkswagen (VWAGY) upgraded by AlphaValue from Sell to Add
- Swatch Group (SWGAY) upgraded by Bernstein from Market Perform to Outperform
- Kansas City Southern (KSU) upgraded by JPMorgan from Neutral to Overweight
- South Jersey Industries (SJI) upgraded by BofA from Underperform to Neutral
- Dollar General (DG) upgraded by Evercore ISI from In Line to Outperform
- Columbia Sportswear (COLM) upgraded by BofA from Neutral to Buy
- Masonite (DOOR) upgraded by Baird from Neutral to Outperform
- PepsiCo (PEP) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- Telenor (TELNY) downgraded by Goldman Sachs from Buy to Neutral
- Kubota (KUBTY) downgraded by SMBC Nikko from Outperform to Neutral
- Daikin Industries (DKILY) downgraded by SMBC Nikk from Outperform to Neutral
- Autoliv (ALV) downgraded by Nordea from Buy to Hold
- Vera Bradley (VRA) downgraded by Cowen from Outperform to Market Perform
- Cascades (CADNF) downgraded by CIBC from Outperformer to Neutral
- Snap (SNAP) downgraded by BofA from Buy to Neutral
- Pinterest (PINS) downgraded by BofA from Buy to Neutral
- B&G Foods (BGS) downgraded by Piper Sandler from Overweight to Neutral
- Canadian Natural (CNQ) downgraded by Credit Suisse from Outperform to Neutral
- One Gas (OGS) downgraded by UBS from Buy to Neutral
- Brandywine Realty (BDN) downgraded by Evercore ISI from Outperform to In Line
- Five Below (FIVE) downgraded by Evercore ISI from Outperform to In Line
- Wendy’s (WEN) downgraded by Argus from Buy to Hold
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