Upgrades
- Hennes & Mauritz (HNNMY) upgraded by Goldman Sachs from Sell to Buy
- Ambarella (AMBA) upgraded by Summit Insights from Hold to Buy
- Lundin Energy (LNDNF) upgraded by UBS from Sell to Neutral
- Antofagasta (ANFGF) upgraded by Jefferies from Hold to Buy
- Glencore (GLNCY) upgraded by Jefferies from Hold to Buy
- Nutanix (NTNX) upgraded by Goldman Sachs from Sell to Neutral
- Continental AG (CTTAY) upgraded by Citi from Neutral to Buy
- Meggitt (MEGGF) upgraded by Barclays from Underweight to Overweight
- Chubb (CB) upgraded by Raymond James from Outperform to Strong Buy
- General Electric (GE) upgraded by Oppenheimer from Perform to Outperform
- Yandex (YNDX) upgraded by BofA from Neutral to Buy
- Tenaris (TS) upgraded by BofA from Neutral to Buy
- Schroders (SHNWF) upgraded by BofA from Underperform to Neutral
- Wells Fargo (WFC) double upgraded by Raymond James from Underperform to Outperform
- O’Reilly Automotive (ORLY) upgraded by Oppenheimer from Perform to Outperform
- Target (TGT) upgraded by Argus from Hold to Buy
- U.S. Steel (X) upgraded by GLJ Research from Hold to Buy
Downgrades
- Swedbank (SWDBY) downgraded by Goldman Sachs from Neutral to Sell
- Royal Mail (ROYMY) downgraded by UBS from Buy to Neutral
- Ecopetrol (EC) downgraded by JPMorgan from Overweight to Neutral
- China Overseas Property (CNPPF) downgraded by Goldman Sachs from Buy to Neutral
- Frontline (FRO) downgraded by Danske Bank from Buy to Hold
- Varta (VARGF) downgraded by Stifel from Buy to Sell
- Ulta Beauty (ULTA) downgraded by Jefferies from Buy to Hold
- Lloyds Banking (LYG) downgraded by HSBC from Buy to Hold
- Solar Capital (SLRC) downgraded by Compass Point from Buy to Neutral
- Werner (WERN) downgraded by Citi from Buy to Neutral
- Schneider National (SNDR) downgraded by Citi from Buy to Neutral
- Amcor (AMCR) downgraded by BofA from Neutral to Underperform
- ViacomCBS (VIAC) downgraded by Deutsche Bank from Buy to Hold
- Danske Bank (DNKEY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Natixis (NTXFY) downgraded by Morgan Stanley from Equal Weight to Underweight
- South32 (SOUHY) downgraded by Barclays from Overweight to Underweight
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