Upgrades
- AGL Energy (AGLNF) upgraded by RBC Capital from Underperform to Sector Perform
- Canadian Pacific (CP) upgraded by National Bank from Sector Perform to Outperform
- Apple (AAPL) upgraded by UBS from Neutral to Buy
- Tecan (TCHBF) upgraded by Berenberg from Hold to Buy
- Hikma Pharmaceuticals (HKMPF) upgraded by Jefferies from Hold to Buy
- Lufthansa (DLAKY) upgraded by AlphaValue from Sell to Reduce
- United Internet (UDIRF) upgraded by DZ Bank from Hold to Buy
- Harley-Davidson (HOG) upgraded by Baird from Neutral to Outperform
- IAG (ICAGY) upgraded by AlphaValue from Reduce to Add
- Illumina (ILMN) upgraded by Canaccord from Hold to Buy
- Brighthouse Financial (BHF) upgraded by Citi from Sell to Neutral
- Hess Corp. (HES) upgraded by Mizuho from Neutral to Buy
- Square (SQ) upgraded by Keefe Bruyette from Market Perform to Outperform
- Telefonica (TEF) upgraded by BofA from Neutral to Buy
- Hudbay Minerals (HBM) upgraded by RBC Capital from Sector Perform to Outperform
- BlackBerry (BB) upgraded by Canaccord from Sell to Hold
Downgrades
- BP (BP) downgraded by Morgan Stanley from Equal Weight to Underweight
- Total (TOT) downgraded by Morgan Stanley from Overweight to Equal Weight
- BHP Group (BHP) downgraded by UBS from Buy to Neutral
- Bank of China (BACHY) downgraded by Credit Suisse from Outperform to Neutral
- Top Glove (TGLVY) downgraded by Credit Suisse from Outperform to Neutral
- CD Projekt (OTGLY) downgraded by Credit Suisse from Neutral to Underperform
- Genus (GENSF) downgraded by Stifel from Buy to Hold
- Yuzhou Group (YUZHF) downgraded by JPMorgan from Overweight to Underweight
- CNO Financial (CNO) downgraded by Piper Sandler from Overweight to Neutral
- Johnson Controls (JCI) downgraded by RBC Capital from Outperform to Sector Perform
- Landstar System (LSTR) downgraded by Stephens from Overweight to Equal Weight
- U.S. Xpress Enterprises (USX) downgraded by Stephens from Overweight to Equal Weight
- CarMax (KMX) downgraded by Seaport Global from Buy to Neutral
- Concordia Financial (CCRDF) downgraded by Goldman Sachs from Buy to Neutral
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