Upgrades
- Siemens Energy (SMNEY) upgraded by Kepler Cheuvreux from Hold to Buy
- Newmed Energy (DKDRF) upgraded by Barclays from Underweight to Equal Weight
- Victoria’s Secret (VSCO) upgraded by Barclays from Equal Weight to Overweight
- Telecom Italia (TIIAY) upgraded by Kepler Cheuvreux from Hold to Buy
- Autodesk (ADSK) upgraded by Mizuho from Neutral to Outperform
- Ecolab (ECL) upgraded by Morgan Stanley from Equal Weight to Overweight
- Cisco (CSCO) upgraded by Exane BNP Paribas from Neutral to Outperform
- Halfords (HLFDY) upgraded by Panmure Liberum from Sell to Hold
- Essential Utilities (WTRG) upgraded by Jefferies from Hold to Buy
- Roper Technologies (ROP) upgraded by TD Cowen from Hold to Buy
- Ciena (CIEN) upgraded by JPMorgan from Neutral to Overweight
- CNH Industrial (CNH) upgraded by Oppenheimer from Perform to Outperform
Downgrades
- Banca Monte dei Paschi (BMDPF) downgraded by Citi from Buy to Neutral
- Adecco (AHEXY) downgraded by Jefferies from Hold to Underperform
- Swatch Group (SWGAY) downgraded by Morgan Stanley from Equal Weight to Underweight
- Cellcom Israel (CELJF) downgraded by Barclays from Equal Weight to Underweight
- Partner Communications (PTNRF) downgraded by Barclays from Equal Weight to Underweight
- Anglo American (NGLOY) downgraded by Bernstein from Outperform to Market Perform
- Gibson Energy (GBNXF) downgraded by Jefferies from Buy to Hold
- Moneta Money (GMYYF) downgraded by Erste Group from Hold to Reduce
- Mandatum (MANDF) downgraded by SEB Equities from Buy to Hold
- AMD (AMD) downgraded by Melius Research from Buy to Hold
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