Upgrades
- AppLovin (APP) upgraded by Morgan Stanley from Underweight to Equal Weight
- Compass Minerals (CMP) upgraded by JPMorgan from Underweight to Neutral
- Baker Hughes (BKR) upgraded by Goldman Sachs from Buy to Conviction Buy
- Lindt & Sprungli (LDSVF) upgraded by AlphaValue/Baader from Sell to Reduce
- Equinor (EQNR) upgraded by AlphaValue/Baader from Sell to Reduce
- Mazda Motor (MZDAY) upgraded by Credit Suisse from Underperform to Neutral
- CF Industries (CF) upgraded by Berenberg from Hold to Buy
- Old National Bancorp (ONB) upgraded by Piper Sandler from Neutral to Overweight
- Sunstone Hotel (SHO) upgraded by Truist from Sell to Hold
- DiamondRock (DRH) upgraded by Truist from Sell to Hold
- Hyatt (H) upgraded by Truist from Sell to Hold
- Host Hotels (HST) upgraded by Truist from Sell to Hold
- Park Hotels & Resorts (PK) upgraded by Truist from Sell to Hold
- Singapore Exchange (SPXCY) upgraded by Goldman Sachs from Neutral to Buy
- Beach Energy (BEPTF) upgraded by Citi from Neutral to Buy
Downgrades
- Americas Gold and Silver (USAS) downgraded by Stifel from Hold to Sell
- Suncor (SU) downgraded by Goldman Sachs from Conviction Buy to Buy
- Future plc (FRNF) downgraded by Peel Hunt from Buy to Add
- ADP (ADP) downgraded by JPMorgan from Neutral to Underweight
- Mitsubishi Electric (MIELY) downgraded by Daiwa from Outperform to Neutral
- Rackspace Technology (RXT) downgraded by JPMorgan from Overweight to Neutral
- Henkel (HENKY) downgraded by Societe Generale from Hold to Sell
- Superior Plus (SUUIF) downgraded by Desjardins from Buy to Hold
- Allstate (ALL) downgraded by Evercore ISI from Outperform to In Line
- Alliant Energy (LNT) downgraded by Wells Fargo from Overweight to Equal Weight
- Fortis (FTS) downgraded by Wells Fargo from Overweight to Equal Weight
- Endesa (ELEZY) downgraded by Morgan Stanley from Overweight to Equal Weight
- Flexible Solutions (FSI) downgraded by Greenridge from Buy to Hold
- Freeline (FRLN) downgraded by JPMorgan from Overweight to Neutral
- Cervus Equipment (CSQPF) downgraded by Raymond James from Outperform to Market Perform
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