Upgrades
- Alcoa (AA) upgraded by Citi from Neutral to Buy
- Shopify (SHOP) upgraded by DA Davidson from Neutral to Buy
- WPP (WPP) upgraded by Credit Suisse from Neutral to Outperform
- Publicis (PUBGY) upgraded by Credit Suisse from Neutral to Outperform
- Air France-KLM (AFLYY) upgraded by JPMorgan from Neutral to Overweight
- Nordson (NDSN) upgraded by KeyBanc from Sector Weight to Overweight
- Evonik (EVKIF) upgraded by Barclays from Equal Weight to Overweight
- Telia (TLSNY) upgraded by Redburn from Sell to Neutral
- Merck (MRK) upgraded by Wolfe Research from Peer Perform to Outperform
- Masimo (MASI) upgraded by Raymond James from Market Perform to Outperform
- Yara (YARIY) upgraded by UBS from Neutral to Buy
- Alumina (AWCMY) upgraded by Citi from Sell to Neutral
- Tokyo Ohka Kogyo (TOKCF) upgraded by Citi from Neutral to Buy
- AMA Group (AMGRF) upgraded by Canaccord from Hold to Speculative Buy
Downgrades
- Constellation Energy (CEG) downgraded by Credit Suisse from Outperform to Neutral
- InterContinental (IHG) downgraded by Deutsche Bank from Buy to Hold
- AIG (AIG) downgraded by Atlantic Equities from Overweight to Neutral
- Eurobank (EGFEY) downgraded by Citi from Buy to Neutral
- Logitech (LOGI) downgraded by UBS from Buy to Neutral
- AbbVie (ABBV) downgraded by Wolfe Research from Outperform to Peer Perform
- Occidental Petroleum (OXY) downgraded by Evercore ISI from In Line to Underperform
- ZipRecruiter (ZIP) downgraded by Raymond James from Strong Buy to Outperform
- Comcast (CMCSA) downgraded by KGI Securities from Outperform to Neutral
- Horizon Bancorp (HBNC) downgraded by Piper Sandler from Overweight to Neutral
- LGI Homes (LGIH) downgraded by BTIG from Neutral to Sell
- Texas Roadhouse (TXRH) downgraded by Northcoast from Buy to Neutral
- Charter Hall Group (CTOUF) downgraded by Citi from Buy to Neutral
- Sirius XM (SIRI) downgraded by Rosenblatt from Buy to Neutral
- Huntsman (HUN) downgraded by Vertical Research from Buy to Hold
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