Upgrades
- Danaher (DHR) upgraded by HSBC from Hold to Buy
- Impala Platinum (IMPUY) upgraded by JPMorgan from Neutral to Overweight
- AkzoNobel (AKZOY) upgraded by Jefferies from Hold to Buy
- Pennon Group (PEGRF) upgraded by RBC Capital from Sector Perform to Outperform
- Antero Resources (AR) upgraded by Morgan Stanley from Equal Weight to Overweight
- Omnicom (OMC) upgraded by Wells Fargo from Equal Weight to Overweight
- Hancock Whitney (HWC) upgraded by Citi from Neutral to Buy
- Ericsson (ERIC) upgraded by SEB Equities from Hold to Buy
- Kesko (KKOYY) upgraded by Danske Bank from Hold to Buy
- Picton Property Income (PCTNF) upgraded by Peel Hunt from Hold to Buy
- Medical Properties Trust (MPW) upgraded by Deutsche Bank from Sell to Hold
- e.l.f. Beauty (ELF) upgraded by TD Cowen from Hold to Buy
- Commerce Bancshares (CBSH) upgraded by Raymond James from Market Perform to Outperform
Downgrades
- Svenska Cellulosa (SVCBF) downgraded by JPMorgan from Neutral to Underweight
- Enel (ENLAY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Volkswagen (VWAGY) downgraded by Bernstein from Outperform to Market Perform
- Alfen (ALFNF) downgraded by Deutsche Bank from Buy to Hold
- Urban Outfitters (URBN) downgraded by Jefferies from Hold to Underperform
- Fortive (FTV) downgraded by JPMorgan from Overweight to Neutral
- Fibra Hotel (DBMXF) downgraded by JPMorgan from Neutral to Underweight
- Tritax Big Box REIT (TTBXF) downgraded by Peel Hunt from Add to Hold
- Bucher Industries (BCHHF) downgraded by Kepler Cheuvreux from Buy to Hold
- Marsh McLennan (MMC) downgraded by Piper Sandler from Overweight to Neutral
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