Upgrades
- Gulfport Energy (GPOR) upgraded by JPMorgan from Underweight to Neutral
- Bio-Techne (TECH) upgraded by KeyBanc from Sector Weight to Overweight
- Swedish Match (SWMAY) upgraded by Panmure Gordon from Sell to Hold
- DSM (RDSMY) upgraded by ING Bank from Sell to Buy
- Lanxess (LNXSF) upgraded by Credit Suisse from Neutral to Outperform
- Valneva (VALN) upgraded by Bryan Garnier from Neutral to Buy
- Pandora (PANDY) upgraded by RBC Capital from Underperform to Sector Perform
- Outokumpu (OUTKY) upgraded by Deutsche Bank from Hold to Buy
- Sea Limited (SE) upgraded by Stifel from Hold to Buy
- Compass Group (CMPGY) upgraded by HSBC from Hold to Buy
- Knight-Swift (KNX) upgraded by Cowen from Market Perform to Outperform
- Werner (WERN) upgraded by Cowen from Market Perform to Outperform
- Sarepta (SRPT) upgraded by Guggenheim from Neutral to Buy
- Alcoa (AA) upgraded by Argus from Hold to Buy
- Pilbara Minerals (PILBF) upgraded by Canaccord from Hold to Buy
- Dream Finders Homes (DFH) upgraded by Zelman from Sell to Hold
- Matador (MTDR) upgraded by JPMorgan from Neutral to Overweight
- Calbee (CLBEY) upgraded by Goldman Sachs from Neutral to Buy
- Schneider National (SNDR) upgraded by Cowen from Market Perform to Outperform
- SM Energy (SM) upgraded by JPMorgan from Neutral to Overweight
Downgrades
- LG Display (LPL) downgraded by Nomura from Buy to Neutral
- Southwestern Energy (SWN) downgraded by JPMorgan from Neutral to Underweight
- Vonovia (VNNVF) downgraded by DZ Bank from Buy to Hold
- Chevron (CVX) downgraded by JPMorgan from Overweight to Neutral
- Sands China (SCHYY) downgraded by JPMorgan from Overweight to Underweight
- Wynn Macau (WYNMF) downgraded by JPMorgan from Overweight to Underweight
- Galaxy Entertainment (GXYEF) downgraded by JPMorgan from Overweight to Neutral
- SJM Holdings (SJMHY) downgraded by JPMorgan from Overweight to Neutral
- MGM China (MCHVF) downgraded by JPMorgan from Overweight to Neutral
- Sodexo (SDXAY) downgraded by HSBC from Buy to Hold
- Verbund (OEZVY) downgraded by Barclays from Overweight to Equal Weight
- Orsted (DNNGY) downgraded by Jefferies from Hold to Underperform
- Itamar Medical (ITMR) downgraded by Ladenburg from Buy to Neutral
- Evergy (EVRG) downgraded by BofA from Buy to Neutral
- Nippon Sanso (TYNPF) downgraded by Jefferies from Buy to Hold
- Kansas City Southern (KSU) downgraded by Wolfe Research from Outperform to Peer Perform
- Integra LifeSciences (IART) downgraded by BTIG from Buy to Neutral
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