Upgrades
- Newell Brands (NWL) upgraded by JPMorgan from Neutral to Overweight
- AP Moller Maersk (AMKBY) upgraded by DNB Markets from Sell to Hold
- Lloyds Banking (LYG) upgraded by Exane BNP Paribas from Neutral to Outperform
- MTU Aero Engines (MTUAY) upgraded by HSBC from Hold to Buy
- Shake Shack (SHAK) upgraded by Truist from Hold to Buy
- Stellus Capital (SCM) upgraded by Oppenheimer from Perform to Outperform
- Unilever (UL) upgraded by Bernstein from Underperform to Market Perform
- Danone (DANOY) upgraded by Bernstein from Underperform to Market Perform
- Bombardier (BDRBF) upgraded by Desjardins from Hold to Buy
- Starbucks (SBUX) upgraded by Stephens from Equal Weight to Overweight
- Sanofi (SNY) upgraded by HSBC from Hold to Buy
- Home Capital (HMCBF) upgraded by BMO Capital from Market Perform to Outperform
- Spotify (SPOT) upgraded by Bernstein from Underperform to Market Perform
- Discovery (DISCA) upgraded by Bernstein from Underperform to Market Perform
- Activision Blizzard (ATVI) upgraded by Bernstein from Underperform to Market Perform
- Intel (INTC) upgraded by Northland from Underperform to Market Perform
- Merck (MRK) upgraded by Argus from Hold to Buy
Downgrades
- Aon plc (AON) downgraded by Wells Fargo from Overweight to Equal Weight
- Eastman Chemical (EMN) downgraded by JPMorgan from Overweight to Neutral
- Salmar (SALRF) downgraded by Fearnley from Buy to Hold
- Schibsted (SBBTF) downgraded by Citi from Buy to Neutral
- Senior plc (SNIRF) downgraded by Barclays from Overweight to Underweight
- CrowdStrike (CRWD) downgraded by BTIG from Buy to Neutral
- Bank of America (BAC) downgraded by Baird from Neutral to Underperform
- WestRock (WRK) downgraded by Jefferies from Buy to Hold
- International Paper (IP) downgraded by Jefferies from Buy to Hold
- Thomson Reuters (TRI) downgraded by RBC Capital from Outperform to Sector Perform
- TripAdvisor (TRIP) downgraded by Barclays from Overweight to Underweight
- Tilray (TLRY) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Stanley Black & Decker (SWK) downgraded by BofA from Neutral to Underperform
- Lockheed Martin (LMT) downgraded by BofA from Buy to Neutral
- AMD (AMD) downgraded by Northland from Outperform to Market Perform
- American States Water (AWR) downgraded by Wells Fargo from Overweight to Equal Weight
- Bristol Myers (BMY) downgraded by Argus from Buy to Hold
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