Upgrades
- Cathay Pacific (CPCAY) upgraded by HSBC from Hold to Buy
- Clariant (CLZNY) upgraded by Jefferies from Hold to Buy
- Phoenix Group (PNXGF) upgraded by Berenberg from Hold to Buy
- Minerals Technologies (MTX) upgraded by JPMorgan from Neutral to Overweight
- ANZ Bank (ANZBY) upgraded by Credit Suisse from Neutral to Outperform
- Assa Abloy (ASAZY) upgraded by DNB Markets from Hold to Buy
- Carlsberg (CABGY) upgraded by DNB Markets from Hold to Buy
- Dr. Martens (DOCMF) upgraded by Peel Hunt from Hold to Add
- Carl Zeiss Meditec (CZMWY) upgraded by AlphaValue/Baader from Reduce to Add
- Snowflake (SNOW) upgraded by Morgan Stanley from Equal Weight to Overweight
- Black Hills (BKH) upgraded by Mizuho from Neutral to Buy
- American Water (AWK) upgraded by UBS from Sell to Neutral
- Apollo Investment (AINV) upgraded by Citi from Sell to Neutral
- Continental Resources (CLR) upgraded by RBC Capital from Sector Perform to Outperform
- Enova International (ENVA) upgraded by Maxim from Hold to Buy
- Hershey (HSY) upgraded by Argus from Hold to Buy
- Nasdaq (NDAQ) upgraded by Argus from Hold to Buy
Downgrades
- Prosegur Cash (PGUUF) downgraded by Goldman Sachs from Buy to Neutral
- Diversey (DSEY) downgraded by Goldman Sachs from Buy to Neutral
- Ballard Power (BLDP) downgraded by BMO Capital from Outperform to Market Perform
- Cigna (CI) downgraded by RBC Capital from Outperform to Sector Perform
- Royal Bank of Canada (RY) downgraded by Canaccord from Buy to Hold
- NuStar Energy (NS) downgraded by Wells Fargo from Overweight to Equal Weight
- Southern Company (SO) downgraded by BofA from Buy to Neutral
- Air Products (APD) downgraded by BofA from Buy to Neutral
- Figs (FIGS) downgraded by Cowen from Outperform to Market Perform
- NOV Inc. (NOV) downgraded by JPMorgan from Overweight to Neutral
- Southern Company (SO) downgraded by Wells Fargo from Overweight to Equal Weight
- Exelon (EXC) downgraded by Scotiabank from Outperform to Sector Perform
- Greenbrook TMS (GBNH) downgraded by Canaccord from Buy to Speculative Buy
- Stanley Black & Decker (SWK) downgraded by Citi from Buy to Sell
- Royal Bank of Canada (RY) downgraded by Canaccord to Hold
- Canada Goose (GOOS) downgraded by Williams Trading from Buy to Hold
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