Upgrades
- Banco Santander (BNDSF) upgraded by Jefferies from Hold to Buy
- Lindt & Sprungli (LDSVF) upgraded by Stifel from Hold to Buy
- Air Products (APD) upgraded by JPMorgant from Neutral to Overweigh
- BlackBerry (BB) upgraded by RBC Capital from Underperform to Sector Perform
- Nordic Entertainment (NENTF) upgraded by DNB Markets from Hold to Buy
- Duolingo (DUOL) upgraded by KeyBanc from Sector Weight to Overweight
- Commerce Bancshares (CBSH) upgraded by Wells Fargo from Underweight to Equal Weight
- Armstrong World (AWI) upgraded by Jefferies from Hold to Buy
- Neighbourly Pharmacy (NBLY.TO) upgraded by Industrial Alliance from Hold to Buy
- Merlin Properties (MRPRF) upgraded by Exane BNP Paribas from Neutral to Outperform
- BAE Systems (BAESY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Eurobank (EGFEY) upgraded by Citi from Neutral to Buy
- Manchester United (MANU) upgraded by Deutsche Bank from Hold to Buy
- Deutsche Bank (DB) upgraded by BofA from Underperform to Neutral
Downgrades
- AvePoint (AVPT) downgraded by Goldman Sachs from Buy to Neutral
- CaixaBank (CAIXY) downgraded by Jefferies from Buy to Hold
- ImmunoGen (IMGN) downgraded by RBC Capital from Outperform to Sector Perform
- Dingdong (DDL) downgraded by Morgan Stanley from Overweight to Underweight
- Huntsman (HUN) downgraded by KeyBanc from Overweight to Sector Weight
- Installed Building Products (IBP) downgraded by Jefferies from Buy to Hold
- Fortune Brands (FBHS) downgraded by Jefferies from Buy to Hold
- Balfour Beatty (BAFYY) downgraded by Morgan Stanley from Equal Weight to Underweight
- ING Groep (ING) downgraded by AlphaValue/Baader from Buy to Sell
- Covivio (GSEFF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Aroundtown (AANNF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Check Point (CHKP) downgraded by Piper Sandler from Neutral to Underweight
- eHealth (EHTH) downgraded by Citi from Buy to Neutral
- Allena Pharmaceuticals (ALNA) downgraded by Ladenburg from Buy to Neutral
- Joann (JOAN) downgraded by Guggenheim from Buy to Neutral
- Blend Labs (BLND) downgraded by Truist from Buy to Hold
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