Upgrades
- Carnival (CCL) upgraded by Morgan Stanley from Underweight to Equal Weight
- ArcelorMittal (MT) upgraded by Goldman Sachs from Neutral to Buy
- ManpowerGroup (MAN) upgraded by Barclays from Underweight to Equal Weight
- Toast (TOST) upgraded by Wells Fargo from Underweight to Overweight
- AppLovin (APP) upgraded by Morgan Stanley from Equal Weight to Overweight
- BorgWarner (BWA) upgraded by Goldman Sachs from Neutral to Buy
- Danaher (DHR) upgraded by Barclays from Equal Weight to Overweight
- Palo Alto Networks (PANW) upgraded by HSBC from Reduce to Hold
- Block (XYZ) upgraded by Arete from Sell to Neutral
- Axalta Coating (AXTA) upgraded by Exane BNP Paribas from Neutral to Outperform
- Levi Strauss (LEVI) upgraded by BofA from Neutral to Buy
- Brookfield Asset Management (BAM) upgraded by BofA from Neutral to Buy
- Western Digital (WDC) upgraded by Benchmark from Hold to Buy
Downgrades
- Air France-KLM (AFLYY) downgraded by JPMorgan from Overweight to Neutral
- Schindler (SHLAF) downgraded by Deutsche Bank from Buy to Hold
- Norsk Hydro (NHYDY) downgraded by Goldman Sachs from Buy to Neutral
- Manhattan Associates (MANH) downgraded by Loop Capital from Buy to Hold
- Eversource (ES) downgraded by JPMorgan from Neutral to Underweight
- Portland General Electric (POR) downgraded by JPMorgan from Overweight to Neutral
- Ford (F) downgraded by Goldman Sachs from Buy to Neutral
- Lear (LEA) downgraded by Goldman Sachs from Buy to Neutral
- General Motors (GM) downgraded by UBS from Buy to Neutral
- Comcast (CMCSA) downgraded by Exane BNP Paribas from Neutral to Underperform
- Cboe Global Markets (CBOE) downgraded by BofA from Buy to Neutral
- Aptiv (APTV) downgraded by UBS from Buy to Neutral
- BorgWarner (BWA) downgraded by UBS from Buy to Neutral
- Visteon (VC) downgraded by UBS from Buy to Neutral
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