This report was sent to Briefing.com subscribers earlier today.
Upgrades:
> Glencore Intl plc (GLCNF) upgraded to Outperform from Mkt Perform at Bernstein
> Vale S.A. (VALE) upgraded to Buy from Hold at Deutsche Bank
> Warner Music Group (WMG) upgraded to Neutral from Underperform at BofA Securities; tgt $33
Downgrades:
> First Quantum Minerals (FQVLF) downgraded to Mkt Perform from Outperform at Raymond James
> Victory Capital (VCTR) downgraded to Underweight from Overweight at Piper Sandler; tgt lowered to $29
Others:
> Jack In The Box (JACK) removed from Best Ideas List at Wedbush Securities
> West Fraser (WFG) initiated with a Neutral at Credit Suisse; tgt $100
Research calls posted earlier this morning are available here and here.
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