Upgrades
- Sims Ltd. (SMSMY) upgraded by Citi from Neutral to Buy
- Santos (SSLZY) upgraded by Citi from Neutral to Buy
- JPMorgan (JPM) upgraded by Berenberg from Sell to Hold
- Yum! Brands (YUM) upgraded by Goldman Sachs from Sell to Buy
- Rayonier Advanced Materials (RYAM) upgraded by RBC Capital from Sector Perform to Outperform
- Expensify (EXFY) upgraded by BofA from Neutral to Buy
- Tisco Financial (FSCFY) upgraded by Daiwa from Hold to Buy
- Inditex (IDEXY) upgraded by UBS from Neutral to Buy
- Canfor Pulp (CFPUF) upgraded by RBC Capital from Sector Perform to Outperform
- WD-40 (WDFC) upgraded by DA Davidson from Neutral to Buy
- Grab Holdings (GRAB) upgraded by JPMorgan from Neutral to Overweight
- Houlihan Lokey (HLI) upgraded by Morgan Stanley from Underweight to Equal Weight
- BorgWarner (BWA) upgraded by Deutsche Bank from Hold to Buy
Downgrades
- Radian Group (RDN) downgraded by Keefe Bruyette from Outperform to Market Perform
- MFA Financial (MFA) downgraded by Keefe Bruyette from Outperform to Market Perform
- New York Mortgage (NYMT) downgraded to Market Perform by Keefe Bruyette
- Rackspace (RXT) downgraded by Barclays from Equal Weight to Underweight
- Fevertree Drinks (FQVTF) downgraded by Deutsche Bank from Buy to Hold
- Fevertree Drinks (FQVTF) downgraded by Jefferies from Buy to Hold
- Admiral Group (AMIGY) downgraded by Jefferies from Hold to Underperform
- Direct Line Insurance (DIISY) downgraded by Jefferies from Buy to Hold
- Brinker (EAT) downgraded by Goldman Sachs from Buy to Neutral
- Chipotle (CMG) downgraded by Goldman Sachs from Conviction Buy to Buy
- Comstock Resources (CRK) downgraded by Goldman Sachs from Neutral to Sell
- Fox Corp. (FOXA) downgraded by Morgan Stanley from Overweight to Equal Weight
- Paramount (PARA) downgraded by Morgan Stanley from Equal Weight to Underweight
- Idex Corp. (IEX) downgraded by Stifel from Buy to Hold
- Janus Henderson Group (JHG) downgraded by JPMorgan from Neutral to Underweight
- International Paper (IP) downgraded by Wells Fargo from Overweight to Equal Weight
- Aeva Technologies (AEVA) downgraded by Piper Sandler from Overweight to Neutral
- Lemonade (LMND) downgraded by Piper Sandler from Overweight to Neutral
- Conifex Timber (CFXTF) downgraded by RBC Capital from Outperform to Sector Perform
- General Motors (GM) downgraded by Deutsche Bank from Buy to Hold
- Opendoor Technologies (OPEN) downgraded by Zelman from Buy to Hold
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