Upgrades
- Equinor (EQNR) upgraded by Berenberg from Sell to Hold
- ABN Amro (AAVMY) upgraded by JPMorgan from Underweight to Neutral
- Banco BPM (BNCZF) upgraded by JPMorgan from Underweight to Neutral
- Bill (BILL) upgraded by Exane BNP Paribas from Neutral to Outperform
- Legrand (LGRDY) upgraded by Deutsche Bank from Hold to Buy
- Valeo (VLEEY) upgraded by BofA from Neutral to Buy
- Diageo (DEO) upgraded by BofA from Neutral to Buy
- Husqvarna (HSQVY) upgraded by Pareto from Hold to Buy
- Great Portland Estates (GPEAF) upgraded by Bernstein from Market Perform to Outperform
- Derwent London (DWVYF) upgraded by Bernstein from Market Perform to Outperform
- Land Securities (LDSCY) upgraded by Bernstein from Market Perform to Outperform
- PotlatchDeltic (PCH) upgraded by BofA from Neutral to Buy
Downgrades
- Simon Property (SPG) downgraded by Stifel from Buy to Hold
- Derwent London (DWVYF) downgraded by Stifel from Buy to Hold
- Nordic American Tankers (NAT) downgraded by Jefferies from Buy to Hold
- TEN, Ltd. (TEN) downgraded by Jefferies from Buy to Hold
- Interpublic Group (IPG) downgraded by UBS from Neutral to Sell
- Micron (MU) downgraded by Exane BNP Paribas from Outperform to Underperform
- Lisi (LSIIF) downgraded by Kepler Cheuvreux from Buy to Hold
- Dollarama (DLMAF) downgraded by Wells Fargo from Overweight to Equal Weight
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