• Colruyt (CUYTY) upgraded by Goldman Sachs from Sell to Buy
  • Novartis (NVS) upgraded by Kepler Cheuvreux from Hold to Buy
  • Fresnillo (FNLPF) upgraded by Peel Hunt from Add to Buy
  • NCC Group (NCCGF) upgraded by Investec from Hold to Buy
  • Munich Re (MURGY) upgraded by Morgan Stanley from Equal Weight to Overweight
  • Pinterest (PINS) upgraded by Wolfe Research from Peer Perform to Outperform
  • Equinor (EQNR) upgraded by SEB Equities from Hold to Buy
  • Talanx (TNXXF) upgraded by HSBC from Hold to Buy
  • Carsales.com (CSXXY) upgraded by Macquarie from Neutral to Outperform
  • Netflix (NFLX) upgraded by Macquarie from Underperform to Neutral
  • Sampo (SAXPY) upgraded by Citi from Sell to Neutral
  • Admiral Group (AMIGY) upgraded by UBS from Neutral to Buy
  • Air China (AICAF) upgraded by JPMorgan from Neutral to Overweight
  • Ryman Hospitality (RHP) upgraded by Truist from Hold to Buy


  • Airbus (EADSY) downgraded by Goldman Sachs from Conviction Buy to Buy
  • Signify Health (SGFY) downgraded by BTIG from Buy to Neutral
  • NH Hotel Group (NHHEF) downgraded by Deutsche Bank from Buy to Hold
  • Melia Hotels (SMIZF) downgraded by Deutsche Bank from Buy to Hold
  • ChannelAdvisor (ECOM) downgraded by B. Riley from Buy to Neutral
  • Uniper (UNPRF) downgraded by Credit Suisse from Neutral to Underperform
  • Fortum (FOJCY) downgraded by Berenberg from Buy to Hold
  • AstraZeneca (AZN) downgraded by Morgan Stanley from Overweight to Equal Weight
  • Kingsoft Cloud (KC) downgraded by Citi from Buy to Neutral
  • Allianz (ALIZY) downgraded by Morgan Stanley from Overweight to Equal Weight
  • Phoenix (PNXGF) downgraded by Morgan Stanley from Equal Weight to Underweight
  • Alumina (AWCMY) downgraded by Macquarie from Neutral to Underperform
  • Lionsgate (LGF.A) downgraded by Wolfe Research from Outperform to Peer Perform
  • Electronic Arts (EA) downgraded by MKM Partners from Buy to Neutral
  • Signify Health (SGFY) downgraded by Guggenheim from Buy to Neutral
  • Veritex (VBTX) downgraded by Stephens from Overweight to Equal Weight
  • Bank of Nova Scotia (BNS) downgraded by Desjardins from Buy to Hold
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