Upgrades
- Choice Properties REIT (PPRQF) upgraded by Desjardins from Hold to Buy
- Link REIT (LKREF) upgraded by Goldman Sachs from Neutral to Buy
- Standard Chartered (SCBFF) upgraded by Credit Suisse from Underperform to Neutral
- easyJet (ESYJY) upgraded by Barclays from Equal Weight to Overweight
- IAG (ICAGY) upgraded by Barclays from Equal Weight to Overweight
- Pearson (PSO) upgraded by Exane BNP Paribas from Neutral to Outperform
- Air France-KLM (AFLYY) upgraded by Deutsche Bank from Hold to Buy
- Lufthansa (DLAKY) upgraded by Deutsche Bank from Hold to Buy
- Spire Healthcare (SRRHF) upgraded by Jefferies from Hold to Buy
- Pacific Biosciences (PACB) upgraded by TD Cowen from Market Perform to Outperform
- BBVA (BBVA) upgraded by Keefe Bruyette from Underperform to Market Perform
- Restaurant Brands (QSR) upgraded by TD Cowen from Market Perform to Outperform
- Advance Auto Parts (AAP) upgraded by Barclays from Underweight to Equal Weight
- BlackBerry (BB) upgraded by TD Securities from Reduce to Hold
Downgrades
- JD.com (JD) downgraded by Loop Capital from Buy to Hold
- Terna (TEZNY) downgraded by JPMorgan from Outperform to Neutral by Grupo Santander
- Postal Savings Bank of China (PSTVY) downgraded by JPMorgan from Overweight to Neutral
- Wood Group (WDGJF) downgraded by Berenberg from Buy to Hold
- DSV (DSDVY) downgraded by JPMorgan from Overweight to Neutral
- Agile Group (AGPYY) downgraded by HSBC from Buy to Reduce
- United Tractors (PUTKF) downgraded by JPMorgan from Overweight to Neutral
- CaixaBank (CAIXY) downgraded by Keefe Bruyette from Outperform to Market Perform
- Andritz (ADRZY) downgraded by Erste Group from Buy to Accumulate
- Cintas (CTAS) downgraded by Jefferies from Buy to Hold
- Generac (GNRC) downgraded by BofA from Neutral to Underperform
- Healthpeak (PEAK) downgraded by Scotiabank from Outperform to Sector Perform
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