Upgrades
- E.W. Scripps (SSP) upgraded by Huber Research from Underweight to Overweight
- Olin (OLN) upgraded by Vertical Research from Hold to Buy
- Bayer (BAYRY) upgraded by JPMorgan from Neutral to Overweight
- UBS (UBS) upgraded by Deutsche Bank from Hold to Buy
- Cognex (CGNX) upgraded by Raymond James from Outperform to Strong Buy
- Sonova (SONVY) upgraded by Goldman Sachs from Sell to Neutral
- Top Glove (TGLVY) upgraded by Credit Suisse from Neutral to Outperform
- Adidas (ADDYY) upgraded by Morgan Stanley from Underweight to Equal Weight
- Puma (PUMSY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Salesforce (CRM) upgraded by Morgan Stanley from Equal Weight to Overweight
- Ross Stores (ROST) upgraded by Northcoast from Neutral to Buy
- QuickLogic (QUIK) upgraded by Roth Capital from Neutral to Buy
- Coca-Cola European Partners (CCEP) upgraded by HSBC from Hold to Buy
- Qualtrics (XM) upgraded by BofA from Neutral to Buy
- Axon (AXON) upgraded by Raymond James from Market Perform to Strong Buy
- Societe Generale (SCGLY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Tyson Foods (TSN) upgraded by Argus from Hold to Buy
Downgrades
- Wells Fargo (WFC) downgraded by UBS from Buy to Neutral
- Commerzbank (CRZBY) downgraded by Citi from Buy to Neutral
- Securitas (SCTBF) downgraded by Credit Suisse from Outperform to Neutral
- EML Payments (EMCHF) downgraded by Canaccord from Buy to Hold
- Sandvik (SDVKY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Swedish Match (SWMAY) downgraded by AlphaValue from Buy to Add
- Grupo Simec (SIM) downgraded by BBVA from Outperform to Underperform
- Iliad (ILIAY) downgraded by HSBC from Buy to Hold
- Ferrari (RACE) downgraded by Redburn from Buy to Neutral
- Alcanna (LQSIF) downgraded by CIBC from Outperformer to Neutral
- Americas Gold and Silver (USAS) downgraded by Desjardins from Buy to Hold
- Essex Property Trust (ESS) downgraded by BTIG from Buy to Neutral
- CarMax (KMX) downgraded by Wedbush from Outperform to Neutral
- Credit Agricole (CRARY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Rubicon Organics (ROMJF) downgraded by Raymond James from Strong Buy to Outperform
- Agilysys (AGYS) downgraded by Maxim from Buy to Hold
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