Upgrades
- Tapestry (TPR) upgraded by Edward Jones from Hold to Buy
- Ecopetrol (EC) upgraded by JPMorgan from Neutral to Overweight
- Cisco (CSCO) upgraded by Barclays from Equal Weight to Overweight
- Johnson & Johnson (JNJ) upgraded by Barclays from Equal Weight to Overweight
- RPT Realty (RPT) upgraded by Baird from Neutral to Outperform
- KDDI (KDDIY) upgraded by JPMorgan from Neutral to Overweight
- Terna (TERRF) upgraded by Deutsche Bank from Hold to Buy
- Barrick Gold (GOLD) upgraded by BofA/Merrill from Neutral to Buy
- Elanco (ELAN) upgraded by BofA/Merrill from Neutral to Buy
- Quest Diagnostics (DGX) upgraded by BofA/Merrill from Underperform to Neutral
- Kirby (KEX) upgraded by Seaport Global from Neutral to Buy
- Sealed Air (SEE) upgraded by BofA/Merrill from Neutral to Buy
Downgrades
- China Gas Holdings (CGHLY) downgraded by Morgan Stanley from Overweight to Underweight
- Anglo American (NGLOY) downgraded by HSBC from Buy to Hold
- TUI AG (TUIFY) downgraded by Berenberg from Buy to Hold
- YPF (YPF) downgraded by JPMorgan from Overweight to Neutral
- Pampa Energia (PAM) downgraded by JPMorgan from Overweight to Neutral
- Synthorx (THOR) downgraded by Jefferies from Buy to Hold
- Hugo Boss (BOSSY) downgraded by Deutsche Bank from Buy to Hold
- Weir Group (WEGRY) downgraded by Credit Suisse from Outperform to Neutral
- Antofagasta (ANFGY) downgraded by HSBC from Hold to Reduce
- KAZ Minerals (KZMYY) downgraded by HSBC from Buy to Hold
- Boston Scientific (BSX) downgraded by Needham from Strong Buy to Buy
- Colgate-Palmolive (CL) downgraded by BofA/Merrill from Buy to Neutral
- Rio Tinto (RIO) downgraded by HSBC from Buy to Hold
- Choice Hotels (CHH) downgraded by Longbow from Buy to Neutral
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