Upgrades
- Coupang (CPNG) upgraded by Goldman Sachs from Buy to Conviction Buy
- Volution Group (VLUTF) upgraded by Jefferies from Hold to Buy
- AppFolio (APPF) upgraded by KeyBanc from Sector Weight to Overweight
- Moncler (MONRF) upgraded by Barclays from Equal Weight to Overweight
- C.H. Robinson (CHRW) upgraded by JPMorgan from Neutral to Overweight
- Gatos Silver (GATO) upgraded by RBC Capital from Underperform to Sector Perform
- Saab (SAABF) upgraded by SEB Equities from Hold to Buy
- Eurofins Scientific (ERFSF) upgraded by HSBC from Reduce to Hold
- Swedbank (SWDBY) upgraded by Danske Bank from Hold to Buy
- Fraport (FPRUY) upgraded by Exane BNP Paribas from Underperform to Neutral
- Petrofac (POFCY) upgraded by Exane BNP Paribas from Neutral to Outperform
- Ericsson (ERIC) upgraded by Grupo Santander from Underperform to Outperform
- ITT (ITT) upgraded by UBS from Neutral to Buy
- Kroger (KR) upgraded by BofA from Neutral to Buy
- Target (TGT) upgraded by Gordon Haskett from Hold to Buy
- WD-40 (WDFC) upgraded by DA Davidson from Underperform to Neutral
- Country Garden (CTRYY) upgraded by JPMorgan from Neutral to Overweight
- Greentown Service (GRTNF) upgraded by JPMorgan from Underweight to Overweight
- First Republic (FRC) upgraded by UBS from Neutral to Buy
Downgrades
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- FTC Solar (FTCI) downgraded by Piper Sandler from Overweight to Neutral
- Robinhood (HOOD) downgraded by Goldman Sachs from Neutral to Sell
- AvidXchange (AVDX) downgraded by Goldman Sachs from Buy to Neutral
- Alcoa (AA) downgraded by Credit Suisse from Outperform to Neutral
- Intertek (IKTSY) downgraded by HSBC from Buy to Hold
- Virtus Investment (VRTS) downgraded by Morgan Stanley from Overweight to Underweight
- HP Inc. (HPQ) downgraded by UBS from Buy to Neutral
- Essential Utilities (WTRG) downgraded by HSBC from Buy to Hold
- Rackspace Technology (RXT) downgraded by Oppenheimer from Outperform to Perform
- Mercury Systems (MRCY) downgraded by Jefferies from Buy to Hold
- Canadian Pacific (CP) downgraded by BofA from Buy to Neutral
- Werner (WERN) downgraded by BofA from Neutral to Underperform
- Triton International (TRTN) downgraded by BofA from Buy to Underperform
- UPS (UPS) downgraded by BofA from Buy to Neutral
- Union Pacific (UNP) downgraded by BofA from Buy to Neutral
- Saia (SAIA) downgraded by BofA from Buy to Neutral
- BASF (BASFY) downgraded by Baader Helvea from Buy to Add
- Oshkosh (OSK) downgraded by Baird from Outperform to Neutral
- Huntington Bancshares (HBAN) downgraded by BofA from Buy to Neutral
- Expedia (EXPE) downgraded by Redburn from Buy to Neutral
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