Upgrades
- Dentsu (DNTUF) upgraded by Morgan Stanley from Underweight to Overweight
- Antofagasta (ANFGF) upgraded by Liberum from Sell to Hold
- Victrex (VTXPF) upgraded by Morgan Stanley from Underweight to Equal Weight
- Textron (TXT) upgraded by Morgan Stanley from Equal Weight to Overweight
- Smart Sand (SND) upgraded by Evercore ISI from Underperform to In Line
- CSX (CSX) upgraded by Citi from Neutral to Buy
- Ultragenyx (RARE) upgraded by BofA from Neutral to Buy
- Tata Motors (TTM) upgraded by Nomura from Reduce to Neutral
- Keurig Dr Pepper (KDP) upgraded by Wells Fargo from Equal Weight to Overweight
- Antero Resources (AR) upgraded by TD Securities from Hold to Buy
- Peyto Exploration (PEYUF) upgraded by TD Securities from Hold to Buy
- Severn Trent (STRNY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Nutrien (NTR) upgraded by Susquehanna from Neutral to Positive
Downgrades
- MonotaRO (MONOY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Berkeley Lights (BLI) downgraded by KeyBanc from Overweight to Sector Weight
- Legrand (LGRDY) downgraded by Bryan Garnier from Buy to Neutral
- Oracle Corp. Japan (OCLCF) downgraded by Daiwa from Outperform to Neutral
- 3SBio (TRSBF) downgraded by Credit Suisse from Outperform to Neutral
- Yamaha Motor (YAMHF) downgraded by CLSA from Buy to Underperform
- PetroChina (PTR) downgraded by UBS from Buy to Neutral
- Carvana (CVNA) downgraded by Piper Sandler from Overweight to Neutral
- Kansas City Southern (KSU) downgraded by Citi from Buy to Neutral
- South32 (SOUHY) downgraded by Deutsche Bank from Buy to Hold
- Fox Corp. (FOXA) downgraded by Guggenheim from Buy to Neutral
- Burberry (BURBY) downgraded by Societe Generale from Buy to Hold
- Astellas Pharma (ALPMY) downgraded by Jefferies from Buy to Hold
- United Utilities (UUGRY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Fortinet (FTNT) downgraded by Monness Crespi from Buy to Neutral
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