Upgrades
- 3M (MMM) upgraded by JPMorgan from Underweight to Neutral
Downgrades
- Manila Water (MWTCY) downgraded by Nomura Instinet from Buy to Neutral
- Rockwell Automation (ROK) downgraded by JPMorgan from Neutral to Underweight
- Oxurion (TBGNF) downgraded by Kepler Cheuvreux from Buy to Hold
- Norilsk Nickel (NILSY) downgraded by Societe Generale from Buy to Hold
- Seiko Epson (SEKEY) downgraded by Jefferies from Buy to Hold
- Celestica (CLS) downgraded by Citi from Neutral to Sell
- Valeritas (VLRX) downgraded by BTIG from Buy to Neutral
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