Upgrades
- Gamesa (GCTAF) upgraded by Goldman Sachs from Neutral to Buy
- Bancolombia (CIB) upgraded by JPMorgan from Neutral to Overweight
- Aimco (AIV) upgraded by Mizuho from Neutral to Buy
- Brunello Cucinelli (BCUCY) upgraded by Jefferies from Hold to Buy
- Investors Bancorp (ISBC) upgraded by Janney Montgomery Scott from Neutral to Buy
- Chemung Financial (CHMG) upgraded by Janney Montgomery Scott from Neutral to Buy
- FinecoBank (FCBBF) upgraded by Deutsche Bank from Hold to Buy
- NeoPhotonics (NPTN) upgraded by MKM Partners from Neutral to Buy
- Ford (F) upgraded by Morgan Stanley from Equal Weight to Overweight
- Cigna (CI) upgraded by Bernstein from Market Perform to Outperform
- Air Liquide (AIQUY) upgraded by Credit Suisse from Underperform to Outperform
- Kering (PPRUY) upgraded by Bernstein from Market Perform to Outperform
- Northrop Grumman (NOC) upgraded by Morgan Stanley from Equal Weight to Overweight
Downgrades
- Rio Tinto (RIO) downgraded by Jefferies from Buy to Hold
- BHP Group (BHP) downgraded by Jefferies from Buy to Hold
- Fortescue Metals (FSUGY) downgraded by Jefferies from Buy to Hold
- Peabody Energy (BTU) downgraded by Jefferies from Buy to Hold
- Arch Coal (ARCH) downgraded by Jefferies from Buy to Hold
- Ramaco Resources (METC) downgraded by Jefferies from Buy to Hold
- Warrior Met Coal (HCC) downgraded by Jefferies from Buy to Hold
- Consol Coal (CCR) downgraded by Jefferies from Buy to Hold
- GAP Airports (PAC) downgraded by JPMorgan from Neutral to Underweight
- Cobham (CBHMF) downgraded by Jefferies from Buy to Hold
- S&P Global (SPGI) downgraded by Atlantic Equities from Overweight to Neutral
- RE/MAX Holdings (RMAX) downgraded by Compass Point from Buy to Neutral
- Pinduoduo (PDD) downgraded by 86 Research from Hold to Sell
- AB InBev (BUD) downgraded by UBS from Buy to Neutral
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