Upgrades
- Swedbank (SWDBY) upgraded by Goldman Sachs from Sell to Neutral
- Turquoise Hill (RIO) upgraded by BMO Capital from Underperform to Market Perform
- Mosaic (MOS) upgraded by Goldman Sachs from Neutral to Buy
- LiveRamp (RAMP) upgraded by BMO Capital from Market Perform to Outperform
- Ashtead Group (ASHTY) upgraded by Peel Hunt from Hold to Add
- Marston’s (MARZF) upgraded by Liberum from Hold to Buy
- Fluidra (FLUIF) upgraded by Grupo Santander from Neutral to Outperform
- Stelco (STZHF) upgraded by Exane BNP Paribas from Underperform to Outperform
- Danske Bank (DNSKY) upgraded by Nordea from Sell to Hold
- GoodRx (GDRX) upgraded by Baird from Neutral to Outperform
- Recruit Holdings (RCRUY) upgraded by UBS from Neutral to Buy
- Heartland Express (HTLD) upgraded by Morgan Stanley from Underweight to Equal Weight
- Northern Oil and Gas (NOG) upgraded by Johnson Rice from Accumulate to Buy
- Aryzta (ARZTY) upgraded by Baader Helvea from Add to Buy
- Grainger (GWW) upgraded by Atlantic Equities from Neutral to Overweight
- Ivanhoe Mines (IVPAF) upgraded by Citi from Neutral to Buy
- Zoom Video (ZM) upgraded by Benchmark from Hold to Buy
- Realty Income (O) upgraded by Wolfe Research from Peer Perform to Outperform
Downgrades
- Nektar (NKTR) downgraded by Cowen from Outperform to Market Perform
- Hormel Foods (HRL) downgraded by Goldman Sachs from Neutral to Sell
- Coupa Software (COUP) downgraded by Oppenheimer from Outperform to Perform
- Boozt (BOZTY) downgraded by Nordea from Hold to Sell
- Aperam (APEMY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Bank of Ireland (BKRIY) downgraded by AlphaValue/Baader from Add to Sell
- Naspers (NPSNY) downgraded by JPMorgan from Overweight to Neutral
- Evolv (EVLV) downgraded by Stifel from Buy to Hold
- Beijing Capital International (BJCHF) downgraded by Credit Suisse from Neutral to Underperform
- Air China (AICAF) downgraded by Credit Suisse from Outperform to Neutral
- China Southern Airlines (ZNH) downgraded by Credit Suisse from Outperform to Neutral
- Hunting (HNTIF) downgraded by Kepler Cheuvreux from Buy to Hold
- Ebro Foods (EBRPY) downgraded by Kepler Cheuvreux from Buy to Hold
- Coupa Software (COUP) downgraded by Piper Sandler from Overweight to Neutral
- HeidelbergCement (HDELY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Zynga (ZNGA) downgraded by UBS from Buy to Neutral
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