Upgrades
- Atlas Copco (ATLKY) upgraded by Pareto from Sell to Hold
- Suzuki Motor (SZKMY) upgraded by SMBC Nikko from Neutral to Outperform
- Isuzu Motors (ISUZY) upgraded by SMBC Nikko from Neutral to Outperform
- Wacker Chemie (WKCMF) upgraded by Exane BNP Paribas from Neutral to Outperform
- Shinsei Bank (SKLKY) upgraded by Daiwa from Neutral to Outperform
- Lloyds Banking (LYG) upgraded by Investec from Hold to Buy
- St. James’s Place (STJPF) upgraded by Deutsche Bank from Hold to Buy
- Liberty Oilfield Services (LBRT) upgraded by BofA from Underperform to Neutral
- Air Liquide (AIQUY) upgraded by JPMorgan from Neutral to Overweight
- MarineMax (HZO) upgraded by B. Riley from Neutral to Buy
- Eastman Chemical (EMN) upgraded by Scotiabank from Sector Perform to Outperform
- Westlake Chemical (WLK) upgraded by Scotiabank from Underperform to Sector Perform
- Marathon Oil (MRO) upgraded by BofA from Underperform to Neutral
- Cimarex Energy (XEC) upgraded by BofA from Neutral to Buy
Downgrades
- SSE (SSEZY) downgraded by Jefferies from Buy to Hold
- Canacol Energy (CNNEF) downgraded by BMO Capital from Outperform to Market Perform
- Rio Tinto (RIO) downgraded by UBS from Neutral to Sell
- Nordic Semiconductor (NDCVF) downgraded by Pareto from Buy to Sell
- BT Group (BTGOF) downgraded by New Street from Buy to Neutral
- Sykes Enterprises (SYKE) downgraded by Baird from Outperform to Neutral
- easyJet (ESYJY) downgraded by Kepler Cheuvreux from Hold to Reduce
- Woolworths Group (WOLWF) downgraded by CLSA from Buy to Outperform
- Philips (PHG) downgraded by HSBC from Buy to Hold
- CAI International (CAI) downgraded by William Blair from Outperform to Market Perform
- Orphazyme (ORPH) downgraded by Guggenheim from Neutral to Sell
- TSMC (TSM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Chemtrade Logistics (CGIFF) downgraded by Scotiabank from Sector Perform to Underperform
- Range Resources (RRC) downgraded by BofA from Neutral to Underperform
- CNX Resources (CNX) downgraded by BofA from Neutral to Underperform
- Sykes Enterprises (SYKE) downgraded by Barrington from Outperform to Market Perform
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