Upgrades
- Estee Lauder (EL) upgraded by Goldman Sachs from Neutral to Buy
- PBF Energy (PBF) upgraded by JPMorgan from Neutral to Overweight
- Event Hospitality and Entertainment (EVHEF) upgraded by Citi from Neutral to Buy
- United Overseas Bank (UOVEY) upgraded by Daiwa from Hold to Outperform
- Oxford Industries (OXM) upgraded by Citi from Sell to Neutral
- Arista Networks (ANET) upgraded by Barclays from Equal Weight to Overweight
- Aurora Cannabis (ACB) upgraded by Canaccord from Sell to Hold
- TechnipFMC (FTI) upgraded by Exane BNP Paribas from Neutral to Outperform
- Cementos Argos (CMTOY) upgraded by UBS from Sell to Neutral
- Svenska Handelsbanken (SVNLY) upgraded by UBS from Neutral to Buy
Downgrades
- Deutsche Post (DPSGY) downgraded by Goldman Sachs from Buy to Neutral
- Flutter Entertainment (PDYPY) downgraded by Citi from Buy to Neutral
- Adevinta (ADEVF) downgraded by Citi from Neutral to Sell
- Crest Nicholson (CRTHF) downgraded by JPMorgan from Neutral to Underweight
- Redrow (RDWWF) downgraded by JPMorgan from Overweight to Neutral
- Sotera Health (SHC) downgraded by JPMorgan from Overweight to Underweight
- Micron (MU) downgraded by Mizuho from Buy to Neutral
- Western Digital (WDC) downgraded by Mizuhol from Buy to Neutra
- Block (SQ) downgraded by SMBC Nikko from Outperform to Neutral
- Associated British Foods (ASBFY) downgraded by UBS from Buy to Neutral
- Autoliv (ALV) downgraded by SEB Equities from Buy to Hold
- Cisco (CSCO) downgraded by Barclays from Overweight to Equal Weight
- CSN (SID) downgraded by Bradesco BBI from Outperform to Neutral
- Stitch Fix (SFIX) downgraded by Canaccord from Buy to Hold
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