Upgrades
- Brown-Forman (BF.B) upgraded by Evercore ISI from Underperform to In Line
- Rio Tinto (RIO) upgraded by Citi from Neutral to Buy
- Merdeka Copper (PMCGF) upgraded by Credit Suisse from Neutral to Outperform
- Clarkson (CKNHF) upgraded by JPMorgan from Neutral to Overweight
- Telkom SA (TLKGY) upgraded by HSBC from Reduce to Hold
- Visteon (VC) upgraded by Wolfe Research from Peer Perform to Outperform
- Aptiv (APTV) upgraded by Wolfe Research from Peer Perform to Outperform
- Marsh McLennan (MMC) upgraded by Evercore ISI from In Line to Outperform
- TD Bank (TD) upgraded by Credit Suisse from Neutral to Outperform
- Remy Cointreau (REMYY) upgraded by Kepler Cheuvreux from Reduce to Hold
- T-Mobile (TMUS) upgraded by Wolfe Research from Peer Perform to Outperform
Downgrades
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- Wells Fargo (WFC) downgraded by Odeon Capital from Buy to Hold
- QuantumScape (QS) downgraded by Wolfe Research from Peer Perform to Underperform
- Solid Power (SLDP) downgraded by Wolfe Research from Peer Perform to Underperform
- Fisker (FSR) downgraded by Wolfe Research from Peer Perform to Underperform
- Epam Systems (EPAM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Las Vegas Sands (LVS) downgraded by Jefferies from Buy to Hold
- Wynn Resorts (WYNN) downgraded by Jefferies from Buy to Hold
- Carrier Global (CARR) downgraded by Morgan Stanley from Overweight to Equal Weight
- Torrid (CURV) downgraded by Telsey Advisory from Outperform to Market Perform
- E2open (ETWO) downgraded by Loop Capital from Buy to Hold
- Alpha Services (ALBKY) and Holdings downgraded by Citi from Buy to Neutral
- New Fortress Energy (NFE) downgraded by BofA from Buy to Neutral
- Integra LifeSciences (IART) downgraded by Argus from Buy to Hold
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