Upgrades
- Standard Chartered (SCBFY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Azul (AZUL) upgraded by Raymond James from Market Perform to Outperform
- AB InBev (BUD) upgraded by Deutsche Bank from Hold to Buy
- Sonova (SONVY) upgraded by Deutsche Bank from Hold to Buy
- Cisco (CSCO) upgraded by Credit Suisse from Neutral to Outperform
- Inditex (IDEXY) upgraded by Kepler Cheuvreux from Hold to Buy
- Banco Santander (SAN) upgraded by Oddo BHF from Neutral to Outperform
- DoorDash (DASH) upgraded by BofA from Neutral to Buy
- Henkel (HENKY) upgraded by Deutsche Bank from Hold to Buy
- Avis Budget (CAR) upgraded by BofA from Neutral to Buy
- American Express (AXP) upgraded by BofA from Underperform to Neutral
- UCB (UCBJY) upgraded by Jefferies from Hold to Buy
- Signet Jewelers (SIG) upgraded by Wells Fargo from Equal Weight to Overweight
Downgrades
- Beyond Meat (BYND) downgraded by Piper Sandler from Neutral to Underweight
- Getlink (GRPTF) downgraded by Citi from Buy to Neutral
- Verbund (OEZVY) downgraded by Stifel from Hold to Sell
- Wynn Resorts (WYNN) downgraded by JPMorgan from Overweight to Neutral
- Las Vegas Sands (LVS) downgraded by JPMorgan from Overweight to Neutral
- Melco Resorts (MLCO) downgraded by JPMorgan from Overweight to Neutral
- Unilever (UL) downgraded by Deutsche Bank from Buy to Hold
- Equinor (EQNR) downgraded by Deutsche Bank from Buy to Hold
- Fisker (FSR) downgraded by BofA from Buy to Neutral
- Lear (LEA) downgraded by BofA from Neutral to Underperform
- Lordstown Motors (RIDE) downgraded by BofA from Neutral to Underperform
- Visteon (VC) downgraded by BofA from Neutral to Underperform
- Genmab (GMAB) downgraded by Jefferies from Buy to Hold
- Disco (DSCSY) downgraded by JPMorgan from Neutral to Underweight
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