Upgrades
- KLA Corp. (KLAC) upgraded by Goldman Sachs from Neutral to Buy
- Screen Holdings (DINRF) upgraded by Goldman Sachs from Buy to Conviction Buy
- Safran (SAFRY) upgraded by Barclays from Equal Weight to Overweight
- Duckhorn Portfolio (NAPA) upgraded by RBC Capital from Sector Perform to Outperform
- BASF (BASFY) upgraded by HSBC from Hold to Buy
- Kingspan Group (KGSPY) upgraded by HSBC from Hold to Buy
- China Overseas Property (CNPPF) upgraded by Nomura from Neutral to Buy
- BNY Mellon (BK) upgraded by Morgan Stanley from Underweight to Equal Weight
- British Land (BTLCY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Land Securities (LSGOF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Bank of America (BAC) upgraded by Morgan Stanley from Underweight to Equal Weight
- Illinois Tool Works (ITW) upgraded by JPMorgan from Neutral to Overweight
- Deere (DE) upgraded by JPMorgan from Underweight to Neutral
- Ensign Energy (ESVIF) upgraded by Stifel from Hold to Buy
- Sunny Optical (SNPTF) upgraded by Jefferies from Hold to Buy
Downgrades
- Microchip (MCHP) downgraded by Goldman Sachs from Buy to Neutral
- Teradyne (TER) downgraded by Goldman Sachs from Buy to Neutral
- AMD (AMD) downgraded by Goldman Sachs from Conviction Buy to Buy
- MTU Aero Engines (MTUAY) downgraded by Barclays from Overweight to Equal Weight
- Campbell Soup (CPB) downgraded by RBC Capital from Outperform to Sector Perform
- Altria Group (MO) downgraded by RBC Capital from Outperform to Sector Perform
- Adecco (AHEXY) downgraded by JPMorgan from Neutral to Underweight
- Alliance Data (ADS) downgraded by Morgan Stanley from Overweight to Equal Weight
- Synchrony (SYF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Fifth Third (FITB) downgraded by Morgan Stanley from Overweight to Equal Weight
- Citi (C) downgraded by Morgan Stanley from Equal Weight to Underweight
- M&T Bank (MTB) downgraded by Morgan Stanley from Equal Weight to Underweight
- Honest Company (HNST) downgraded by BofA from Neutral to Underperform
- Heineken (HEINY) downgraded by Barclays from Equal Weight to Underweight
- Foot Locker (FL) downgraded by Cowen from Outperform to Market Perform
- ITT (ITT) downgraded by Oppenheimer from Outperform to Perform
- Beyond Meat (BYND) downgraded by Piper Sandler from Neutral to Underweight
- Trex Company (TREX) downgraded by Exane BNP Paribas from Neutral to Underperform
- Barclays (BCS) downgraded by Exane BNP Paribas from Outperform to Neutral
- KB Home (KBH) downgraded by Wolfe Research from Outperform to Peer Perform
- Sleep Number (SNBR) downgraded by Wedbush from Outperform to Neutral
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