Upgrades
- Deutsche Bank (DB) upgraded by Berenberg from Sell to Hold
- Helios Technologies (HLIO) upgraded by KeyBanc from Sector Weight to Overweight
- Olin (OLN) upgraded by KeyBanc from Sector Weight to Overweight
- Nokia (NOK) upgraded by Raymond James from Market Perform to Outperform
- New Work (XINXF) upgraded by Berenberg from Hold to Buy
- Pearson (PSO) upgraded by Societe Generale from Hold to Buy
- Nestle (NSRGY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Boohoo (BHOOY) upgraded by Investec from Sell to Hold
- Carlsberg (CABGY) upgraded by Berenberg from Sell to Hold
- Biotage (BITGF) upgraded by Nordea from Hold to Buy
- Centennial Resource Development (CDEV) upgraded by Wells Fargo to Equal Weight
- Danone (DANOY) upgraded by Bernstein from Market Perform to Outperform
- Unilever (UL) upgraded by Bernstein from Underperform to Market Perform
- Fortive (FTV) upgraded by Barclays from Equal Weight to Overweight
- TFI International (TFII) upgraded by Wolfe Research from Peer Perform to Outperform
- Tenaris (TS) upgraded by Wolfe Research from Underperform to Peer Perform
- Enova International (ENVA) upgraded by Janney Montgomery Scott from Neutral to Buy
- Siemens Healthineers (SMMNY) upgraded by Kepler Cheuvreux from Hold to Buy
- Helmerich & Payne (HP) upgraded by Seaport Global from Neutral to Buy
Downgrades
- IPG Photonics (IPGP) downgraded by Raymond James from Market Perform to Underperform
- Tyson Foods (TSN) downgraded by BMO Capital from Outperform to Market Perform
- Fevertree Drinks (FQVTF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Chevron (CVX) downgraded by Morgan Stanley from Overweight to Equal Weight
- Occidental (OXY) downgraded by Morgan Stanley from Overweight to Equal Weight
- OncoCyte (OCX) downgraded by KeyBanc from Overweight to Sector Weight
- Northern Oil and Gas (NOG) downgraded by Wells Fargo from Overweight to Equal Weight
- Southwestern Energy (SWN) downgraded by Wells Fargo from Equal Weight to Underweight
- Clariant (CLZNY) downgraded by AlphaValue/Baader from Buy to Add
- Atresmedia (AIOSF) downgraded by Barclays from Equal Weight to Underweight
- Interpublic Group (IPG) downgraded by Barclays from Overweight to Equal Weight
- Omnicom (OMC) downgraded by Barclays from Overweight to Equal Weight
- WPP (WPP) downgraded by Barclays from Overweight to Equal Weight
- BBVA (BBVA) downgraded by JPMorgan from Overweight to Neutral
- Coca-Cola HBC (CCHGY) downgraded by JPMorgan from Overweight to Neutral
- AcelRx (ACRX) downgraded by H.C. Wainwright from Buy to Neutral
- Campbell Soup (CPB) downgraded by R5 Capital from Buy to Hold
- American Electric (AEP) downgraded by Seaport Global from Buy to Neutral
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