Upgrades
- Horace Mann (HMN) upgraded by Keefe Bruyette from Market Perform to Outperform
- Intertek (IKTSY) upgraded by Jefferies from Hold to Buy
- Lonza (LZAGY) upgraded by RBC Capital from Underperform to Sector Perform
- Hershey (HSY) upgraded by Bernstein from Market Perform to Outperform
- Flywire (FLYW) upgraded by Morgan Stanley from Equal Weight to Overweight
- Colgate-Palmolive (CL) upgraded by Raymond James from Market Perform to Outperform
- Capital One (COF) upgraded by Wolfe Research from Underperform to Peer Perform
- Dollar Tree (DLTR) upgraded by JPMorgan from Neutral to Overweight
- Beam Therapeutics (BEAM) upgraded by JPMorgan from Neutral to Overweight
- C4 Therapeutics (CCCC) upgraded by JPMorgan from Underweight to Neutral
- American Airlines (AAL) upgraded by Citi from Neutral to Buy
- Valeo (VLEEY) upgraded by HSBC from Hold to Buy
- ZoomInfo (ZI) upgraded by BofA from Neutral to Buy
Downgrades
- Kingfisher (KGFHY) downgraded by RBC Capital from Outperform to Sector Perform
- Snam (SNMRF) downgraded by RBC Capital from Outperform to Sector Perform
- Volvo Car (VLVOF) downgraded by Bernstein from Outperform to Market Perform
- Norfolk Southern (NSC) downgraded by Morgan Stanley from Equal Weight to Underweight
- Baker Hughes (BKR) downgraded by Wolfe Research from Outperform to Peer Perform
- Warner Bros. (WBD) downgraded by Wells Fargo from Overweight to Equal Weight
- Norfolk Southern (NSC) downgraded by Stifel from Buy to Hold
- Wise plc (WPLCF) downgraded by Peel Hunt from Buy to Hold
- Anglo American Platinum (AGPPF) downgraded by HSBC from Buy to Hold
- Albemarle (ALB) downgraded by TD Cowen from Outperform to Market Perform
- Norfolk Southern (NSC) downgraded by TD Cowen from Outperform to Market Perform
- Brown-Forman (BF.B) downgraded by Morgan Stanley from Overweight to Equal Weight
- KLA Corp. (KLAC) downgraded by Susquehanna from Positive to Neutral
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