Upgrades
- America Movil (AMX) upgraded by UBS from Neutral to Buy
- Thai Union Group (TUFBY) upgraded by JPMorgan from Neutral to Overweight
- Endesa (ELEZY) upgraded by Barclays from Equal Weight to Overweight
- Energias de Portugal (EDPFY) upgraded by Barclays from Equal Weight to Overweight
- Fraport (FPRUY) upgraded by Barclays from Underweight to Overweight
- Aeroports de Paris (AEOXF) upgraded by Barclays from Underweight to Equal Weight
- Borr Drilling (BORR) upgraded by Clarksons Platou from Neutral to Buy
- Jungheinrich (JGHHY) upgraded by Oddo BHF from Neutral to Outperform
- Martin Marietta (MLM) upgraded by Exane BNP Paribas from Neutral to Outperform
- DS Smith (DITHF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Deutsche Boerse (DBOEY) upgraded by Credit Suisse from Neutral to Outperform
- WPP (WPP) upgraded by Oddo BHF from Neutral to Outperform
- Wizz Air (WZZZY) upgraded by Oddo BHF from Underperform to Neutral
- Humana (HUM) upgraded by Morgan Stanley from Equal Weight to Overweight
- Norwegian Cruise Line (NCLH) upgraded by Truist from Hold to Buy
- Morningstar (MORN) upgraded by Redburn from Neutral to Buy
- Evolve Education (EVEOF) upgraded by Canaccord from Hold to Buy
Downgrades
- Huntsman (HUN) downgraded by Wells Fargo from Overweight to Equal Weight
- Western Digital (WDC) downgraded by Deutsche Bank from Buy to Hold
- Change Healthcare (CHNG) downgraded by Piper Sandler from Overweight to Neutral
- Coloplast (CLPBY) downgraded by Jefferies from Buy to Hold
- Ocado Group (OCDGF) downgraded by HSBC from Hold to Reduce
- Pandora (PANDY) downgraded by Nordea from Hold to Sell
- HeidelbergCement (HDELY) downgraded by Exane BNP Paribas from Neutral to Underperform
- Cemex (CX) downgraded by Exane BNP Paribas from Outperform to Neutral
- Publicis (PUBGY) downgraded by Oddo BHF from Outperform to Neutral
- Adyen (ADYEY) downgraded by HSBC from Buy to Hold
- Telenet (TLGHY) downgraded by Credit Suisse from Outperform to Neutral
- PayPal (PYPL) downgraded by Susquehanna from Positive to Neutral
- Weyerhaeuser (WY) downgraded by BofA from Buy to Neutral
- Louisiana-Pacific (LPX) downgraded by BofA from Neutral to Underperform
- Nike (NKE) downgraded by Barclays from Overweight to Equal Weight
- Air China (AICAF) downgraded by HSBC from Hold to Reduce
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