Upgrades
- Anglo American (NGLOY) upgraded by RBC Capital from Sector Perform to Outperform
- Lloyds Banking (LYG) upgraded by Goldman Sachs from Sell to Neutral
- AutoNation (AN) upgraded by Morgan Stanley from Underweight to Equal Weight
- Conagra Brands (CAG) upgraded by Credit Suisse from Underperform to Neutral
- IAG (ICAGY) upgraded by Deutsche Bank from Hold to Buy
- CDW (CDW) upgraded by JPMorgan from Underweight to Neutral
- Blue Prism Group (BPRMF) upgraded by HSBC from Hold to Buy
- Pure Gold Mining (LRTNF) upgraded by Desjardins from Hold to Buy
- Eli Lilly (LLY) upgraded by Citi from Neutral to Buy
- Airbus (EADSY) upgraded by Bernstein from Market Perform to Outperform
- Boeing (BA) upgraded by Bernstein from Market Perform to Outperform
- Spirit AeroSystems (SPR) upgraded by Bernstein from Market Perform to Outperform
- Teck Resources (TECK) upgraded by Citi from Neutral to Buy
- UBS (UBS) upgraded by RBC Capital from Sector Perform to Outperform
- Occidental Petroleum (OXY) upgraded by Evercore ISI from In Line to Outperform
- Essex Property Trust (ESS) upgraded by Mizuho from Neutral to Buy
Downgrades
- Vale (VALE) downgraded by Morgan Stanley from Overweight to Equal Weight
- BHP Group (BBL) downgraded by RBC Capital from Outperform to Sector Perform
- Schindler (SHLAF) downgraded by Societe Generale from Hold to Sell
- Virgin Money (CYBBF) downgraded by Goldman Sachs from Neutral to Sell
- NXP Semiconductors (NXPI) downgraded by Bernstein from Outperform to Market Perform
- Royal Mail (ROYMY) downgraded by UBS from Buy to Sell
- Vivendi (VIVHY) downgraded by Exane BNP Paribas from Outperform to Neutral
- HP Inc. (HPQ) downgraded by JPMorgan from Overweight to Neutral
- Lockheed Martin (LMT) downgraded by Cowen from Outperform to Market Perform
- Carlsberg (CABGY) downgraded by Deutsche Bank from Buy to Hold
- InnovAge (INNV) downgraded by Citi from Buy to Neutral
- Vipshop (VIPS) downgraded by New Street from Buy to Neutral
- Kingsoft Cloud (KC) downgraded by Nomura from Buy to Neutral
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