Upgrades and Downgrades for Wednesday, 1/22


  • Coca-Cola Femsa (KOF) upgraded by Goldman Sachs from Neutral to Buy
  • Gruma (GPAGF) upgraded by Goldman Sachs from Neutral to Buy
  • Grupo Lala (GRPBF) upgraded by Godlman Sachs from Neutral to Buy
  • Chocoladefabriken Lindt (LDSVF) upgraded by Berenberg from Hold to Buy
  • NeoPhotonics (NPTN) upgraded by Needham from Hold to Buy
  • Comerica (CMA) upgraded by Citi from Sell to Neutral
  • ADP (ADP) upgraded by Evercore ISI from In Line to Outperform
  • McDonald’s (MCD) upgraded by Kalinowski from Neutral to Buy


  • Spin Master (SNMFS) downgraded by CIBC from Outperformer to Neutral
  • Estee Lauder (EL) downgraded by Citi from Buy to Neutral
  • Rio Tinto (RIO) downgraded by BMO Capital from Outperform to Market Perform
  • Kansas City Southern (KSU) downgraded by Deutsche Bank from Buy to Hold
  • Compania Cervecerias (CCU) downgraded by Goldman Sachs from Buy to Neutral
  • Grupo Lala (GRPBF) downgraded by Goldman Sachs from Neutral to Sell
  • Minerva SA (MRVSY) downgraded by Goldman Sachs from Neutral to Sell
  • Unilever (UN, UL) downgraded by Berenberg from Buy to Hold
  • Ventas (VTR) downgraded by Raymond James from Market Perform to Underperform
  • Domino’s Pizza Enterprises (DPZUF) downgraded by Citi from Neutral to Sell
  • Suncorp Group (SNMCY) downgraded by Citi from Buy to Neutral
  • Asur (ASR) downgraded by Barclays from Overweight to Equal Weight
  • Lilis Energy (LLEX) downgraded by Stifel from Buy to Hold
  • BioNTech (BNTX) downgraded by UBS from Buy to Neutral
  • Allergan (AGN) downgraded by Wells Fargo from Overweight to Equal Weight
  • Boeing (BA) downgraded by Vertical Research from Buy to Hold
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