Upgrades
- Kraft Heinz (KHC) upgraded by Goldman Sachs from Neutral to Buy
- Aena (ANYYY) upgraded by Goldman Sachs from Neutral to Buy
- Deterra Royalties (DETRF) upgraded by Goldman Sachs from Neutral to Buy
- Alumina (AWCMY) upgraded by Goldman Sachs from Sell to Neutral
- Moneysupermarket.com (MNSKY) upgraded by RBC Capital from Sector Perform to Outperform
- Ahold Delhaize (ADRNY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Kroger (KR) upgraded by Exane BNP Paribas from Neutral to Outperform
- Atlas Copco (ATLKY) upgraded by Berenberg from Hold to Buy
- Merck (MRK) upgraded by Guggenheim from Neutral to Buy
- Toast (TOST) upgraded by Mizuho from Neutral to Buy
- Satsuma Pharmaceuticals (STSA) upgraded by SVB Securities from Market Perform to Outperform
- Telus International (TIXT) upgraded by BofA from Underperform to Neutral
- Femsa (FMX) upgraded by UBS from Neutral to Buy
- Sensient (SXT) upgraded by Sidoti from Neutral to Buy
Downgrades
- Procter & Gamble (PG) downgraded by Goldman Sachs from Buy to Neutral
- Euronet (EEFT) downgraded by Keefe Bruyette from Outperform to Market Perform
- Sandfire Resources (SFRRF) downgraded by Goldman Sachs from Neutral to Sell
- South32 (SOUHY) downgraded by Goldman Sachs from Buy to Neutral
- Hennes & Mauritz (HNNMY) downgraded by RBC Capital from Outperform to Sector Perform
- RS Group (EENEF) downgraded by JPMorgan from Overweight to Neutral
- SLM Solutions (SLGRF) downgraded by Deutsche Bank from Buy to Hold
- Volkswagen (VWAGY) downgraded by UBS from Buy to Neutral
- Continental AG (CTTAY) downgraded by UBS from Buy to Neutral
- Argo Blockchain (ARBK) downgraded by Barclays from Overweight to Equal Weight
- Turning Point Brands (TPB) downgraded by Barclays from Overweight to Equal Weight
- Ford (F) downgraded by UBS from Neutral to Sell
- General Motors (GM) downgraded by UBS from Buy to Neutral
- Tata Motors (TTM) downgraded by JPMorgan from Overweight to Neutral
- Bristol-Myers (BMY) downgraded by Guggenheim from Buy to Neutral
- Lowe’s (LOW) downgraded by R5 Capital from Buy to Hold
- Kilroy Realty (KRC) downgraded by Baird from Outperform to Neutral
- Omega Healthcare (OHI) downgraded by Baird from Outperform to Neutral
- Ventas (VTR) downgraded by Baird from Outperform to Neutral
- Lincoln National (LNC) downgraded by Jefferies from Buy to Hold
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