Upgrades
- NGM Biopharmaceuticals (NGM) upgraded by Raymond James from Outperform to Strong Buy
- Getlink (GRPTF) upgraded by HSBC from Hold to Buy
- Revolve Group (RVLV) upgraded by Jefferies from Hold to Buy
- CareMax (CMAX) upgraded by Piper Sandler from Neutral to Overweight
- Dell Technologies (DELL) upgraded by Goldman Sachs from Buy to Conviction Buy
- Carlyle Group (CG) upgraded by BMO Capital from Market Perform to Outperform
- Bank of East Asia (BKEAY) upgraded by DBS Bank from Hold to Buy
- Lundin Energy (LNDNF) upgraded by Pareto from Hold to Buy
- Stillfront Group (STLFF) upgraded by HSBC from Reduce to Hold
- City Developments (CDEVY) upgraded by CLSA from Underperform to Buy
- MGM Resorts (MGM) upgraded by Bernstein from Market Perform to Outperform
- Baxter (BAX) upgraded by Cowen from Market Perform to Outperform
- MAA (MAA) upgraded by BTIG from Neutral to Buy
- UDR (UDR) upgraded by BTIG from Neutral to Buy
- Tele2 (TLTZY) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- Veeco (VECO) downgraded by Goldman Sachs from Buy to Neutral
- Allianz (ALIZY) downgraded by Berenberg from Buy to Hold
- Vertiv Holdings (VRT) downgraded by JPMorgan from Overweight to Neutral
- Gamma Communications (GAMCF) downgraded by Jefferies from Hold to Underperform
- Iliad (ILIAF) downgraded by New Street from Buy to Neutral
- Stora Enso (SEOAY) downgraded by Danske Bank from Hold to Sell
- Svenska Cellulosa (SVCBF) downgraded by Danske Bank from Hold to Sell
- UPM-Kymmene (UPMMY) downgraded by Danske Bank from Hold to Sell
- Valneva (VALN) downgraded by Bryan Garnier from Buy to Neutral
- Physicians Realty (DOC) downgraded by Morgan Stanley from Overweight to Equal Weight
- Cairn Energy (CRNCY) downgraded by Berenberg from Buy to Hold
- Check Point (CHKP) downgraded by Goldman Sachs from Neutral to Sell
- Crowdstrike (CRWD) downgraded by Goldman Sachs from Buy to Neutral
- Tencent (TCEHY) downgraded by Loop Capital from Buy to Hold
- Clipper Realty (CLPR) downgraded by Raymond James from Outperform to Market Perform
- Nike (NKE) downgraded by BTIG from Buy to Neutral
- General Mills (GIS) downgraded by Credit Suisse from Outperform to Neutral
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