Upgrades
- Lundin Mining (LUNMF) upgraded by BMO Capital from Market Perform to Outperform
- Royal Gold (RGLD) upgraded by BMO Capital from Market Perform to Outperform
- Deutsche Bank (DB) upgraded by Morgan Stanley from Equal Weight to Overweight
- Telenor (TELNY) upgraded by Exane BNP Paribas from Underperform to Outperform
- Tenet Healthcare (THC) upgraded by Wolfe Research from Peer Perform to Outperform
- Rieter (RTRZY) upgraded by UBS from Neutral to Buy
- Proximus (BGAOY) upgraded by ING Bank from Sell to Hold
- SGL Carbon (SGLFF) upgraded by HSBC from Hold to Buy
- Valmet (VLMTY) upgraded by Danske Bank from Hold to Buy
- Wacker Chemie (WKCMF) upgraded by DZ Bank from Sell to Hold
- Nuvation Bio (NUVB) upgraded by Jefferies from Hold to Buy
- Outlook Therapeutics (OTLK) upgraded by BTIG from Neutral to Buy
Downgrades
- First Industrial Realty (FR) downgraded by Barclays from Overweight to Equal Weight
- HSBC (HSBC) downgraded by Barclays from Overweight to Equal Weight
- BMW (BMWYY) downgraded by Jefferies from Buy to Hold
- Tele2 (TLTZY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Lufthansa (DLAKY) downgraded by Deutsche Bank from Buy to Hold
- Societe Generale (SCGLY) downgraded by Deutsche Bank from Buy to Hold
- Linde (LIN) downgraded by UBS from Buy to Neutral
- Visa (V) downgraded by Redburn Atlantic from Buy to Neutral
- YouGov (YUGVF) downgraded by Stifel from Buy to Hold
- Assa Abloy (ASAZY) downgraded by Danske Bank from Buy to Hold
- FedEx (FDX) downgraded by Exane BNP Paribas from Neutral to Underperform
- C.H. Robinson (CHRW) downgraded by Exane BNP Paribas from Outperform to Neutral
- Lowe’s (LOW) downgraded by DA Davidson from Buy to Neutral
- Crown Holdings (CCK) downgraded by Truist from Buy to Hold
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