Upgrades
- Jefferies (JEF) upgraded by Keefe Bruyette from Market Perform to Outperform
- Greif (GEF) upgraded by BMO Capital from Underperform to Market Perform
- W. R. Berkley (WRB) upgraded by Keefe Bruyette from Market Perform to Outperform
- Delivery Hero (DLVHF) upgraded by Morgan Stanley from Equal Weight to Overweight
- AB InBev (BUD) upgraded by HSBC from Hold to Buy
- Just Eat Takeaway.com (JTKWY) upgraded by Berenberg from Sell to Hold
- Tesla (TSLA) upgraded by Wolfe Research from Peer Perform to Outperform
- Perrigo (PRGO) upgraded by Wells Fargo from Equal Weight to Overweight
- Organon (OGN) upgraded by Piper Sandler from Neutral to Overweight
- PPG (PPG) upgraded by Redburn from Neutral to Buy
- AkzoNobel (AKZOY) upgraded by Redburn from Neutral to Buy
- Transocean (RIG) upgraded by BTIG from Neutral to Buy
- Mettler-Toledo (MTD) upgraded by Stifel from Hold to Buy
- NextEra Energy (NEE) upgraded by Morgan Stanley from Equal Weight to Overweight
- Toro Company (TTC) upgraded by Northcoast from Neutral to Buy
- Nexstar (NXST) upgraded by Rosenblatt from Neutral to Buy
- Ecolab (ECL) upgraded by Northcoast from Neutral to Buy
Downgrades
- BT Group (BTGOF) downgraded by Berenberg from Buy to Hold
- Adidas (ADDYY) downgraded by Berenberg from Buy to Hold
- Associated British Foods (ASBFY) downgraded by Jefferies from Buy to Hold
- Kingfisher (KGFHY) downgraded by Jefferies from Buy to Hold
- Tesco (TSCDY) downgraded by Jefferies from Buy to Hold
- StoneCo (STNE) downgraded by Goldman Sachs from Neutral to Sell
- Ciena (CIEN) downgraded by JPMorgan from Overweight to Neutral
- LegalZoom (LZ) downgraded by JMP Securities from Outperform to Market Perform
- Signify Health (SGFY) downgraded by JPMorgan from Overweight to Neutral
- Carlyle Group (CG) downgraded by BofA from Buy to Underperform
- Edison International (EIX) downgraded by Morgan Stanley from Equal Weight to Underweight
- Rocket Companies (RKT) downgraded by JPMorgan from Overweight to Neutral
- Discover (DFS) downgraded by JPMorgan from Overweight to Neutral
- FedEx (FDX) downgraded by Citi from Buy to Neutral
- Citi (C) downgraded by Odeon Capital from Buy to Hold
- Goldman Sachs (GS) downgraded by Odeon Capital from Hold to Sell
- Morgan Stanley (MS) downgraded by Odeon Capital from Hold to Sell
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