Upgrades
- Westpac (WBK) upgraded by Goldman Sachs from Neutral to Buy
- Focus Financial (FOCS) upgraded by Goldman Sachs from Neutral to Buy
- Crocs (CROCS) upgraded by Loop Capital from Hold to Buy
- Peugeot (PUGOY) upgraded by UBS from Neutral to Buy
- Armstrong World (AWI) upgraded by Exane BNP Paribas from Neutral to Outperform
- Standard Life Aberdeen (SLFPF) upgraded by Exane BNP from Underperform to Neutral
- Zalando (ZLNDY) upgraded by Redburn from Sell to Neutral
- Publicis (PUBGY) upgraded by Oddo BHF from Reduce to Neutral
- Scor (SCRYY) upgraded by Citi from Neutral to Buy
- EQT Corporation (EQT) upgraded by TD Securities from Hold to Buy
- Peyto Exploration (PEYUF) upgraded by TD Securities from Reduce to Hold
- Tencent Music (TME) upgraded by UBS from Neutral to Buy
Downgrades
- AXA (AXAHY) downgraded by Citi from Buy to Neutral
- Centerra Gold (CAGDF) downgraded by TD Securities from Buy to Hold
- Allianz (ALIZY) downgraded by Citi from Buy to Neutral
- Intercept (ICPT) downgraded by UBS from Buy to Neutral
- Hermitage Offshore Services (PSV) downgraded by BTIG from Buy to Neutral
- Okta (OKTA) downgraded by BTIG from Buy to Neutral
- Energy Recovery (ERII) downgraded by B. Riley FBR from Buy to Neutral
- Apollo Global (APO) downgraded by Goldman Sachs from Conviction Buy to Buy
- BMW (BMWYY) downgraded by UBS from Buy to Neutral
- Aroundtown (AANNF) downgraded by UBS from Buy to Neutral
- Ashmore Group (AJMPF) downgraded by Investec from Buy to Hold
- Kingfisher (KGFHY) downgraded by Investec from Hold to Sell
- 58.com (WUBA) downgraded by New Street from Buy to Neutral
- HollyFrontier (HFC) downgraded by Cowen from Market Perform to Underperform
- BioNTech (BNTX) downgraded by H.C. Wainwright from Buy to Neutral
- Chegg (CHGG) downgraded by Citi from Buy to Neutral
- Imara (IMRA) downgraded by Citi from Buy to Neutral
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