Upgrades
- Chemours (CC) upgraded by Mizuho from Neutral to Outperform
- Liberty Energy (LBRT) upgraded by Morgan Stanley from Equal Weight to Overweight
- Equinix (EQIX) upgraded by Wolfe Research from Peer Perform to Outperform
- ING Groep (ING) upgraded by Goldman Sachs from Neutral to Buy
- Ryanair (RYAAY) upgraded by Deutsche Bank from Hold to Buy
- Garanti (TKGBY) upgraded by JPMorgan from Neutral to Overweight
- Northrop Grumman (NOC) upgraded by RBC Capital from Sector Perform to Outperform
- Par Pacific (PARR) upgraded by Goldman Sachs from Neutral to Buy
- QT Group (QTGPF) upgraded by Danske Bank from Sell to Hold
- Rio Tinto (RIO) upgraded by DZ Bank from Hold to Buy
- Rotork (RTOXF) upgraded by Redburn Atlantic from Neutral to Buy
- Check Point (CHKP) upgraded by BofA from Neutral to Buy
Downgrades
- BASF (BASFY) downgraded by JPMorgan from Neutral to Underweight
- BMW (BMWYY) downgraded by Barclays from Equal Weight to Underweight
- Sodexo (SDXAY) downgraded by Barclays from Overweight to Equal Weight
- Air France-KLM (AFLYY) downgraded by Deutsche Bank from Hold to Sell
- easyJet (ESYJY) downgraded by Deutsche Bank from Buy to Hold
- PayPal (PYPL) downgraded by Arete from Buy to Neutral
- Lockheed Martin (LMT) downgraded by RBC Capital from Outperform to Sector Perform
- AMD (AMD) downgraded by Jefferies from Buy to Hold
- UBS (UBS) downgraded by BofA from Neutral to Underperform
- Phillips 66 (PSX) downgraded by Goldman Sachs from Buy to Neutral
- Imperial Oil (IMO) downgraded by Goldman Sachs from Neutral to Sell
- Omega Healthcare (OHI) downgraded by Wells Fargo from Overweight to Equal Weight
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