Upgrades
- Camden Property (CPT) upgraded by Jefferies from Hold to Buy
- Independence Realty Trust (IRT) upgraded by Jefferies from Hold to Buy
- MAA (MAA) upgraded by Jefferies from Hold to Buy
- Paycom (PAYC) upgraded by KeyBanc from Sector Weight to Overweight
- CME Group (CME) upgraded by Raymond James from Market Perform to Outperform
- Cracker Barrel (CBRL) upgraded by Truist from Hold to Buy
- Fastenal (FAST) upgraded by William Blair from Market Perform to Outperform
- Grainger (GWW) upgraded by William Blair from Market Perform to Outperform
- KeyCorp (KEY) upgraded by Citi from Neutral to Buy
- Knight-Swift (KNX) upgraded by Citi from Sell to Neutral
- Flutter Entertainment (FLUT) upgraded by Peel Hunt from Hold to Add
- Airbnb (ABNB) upgraded by Jefferies from Hold to Buy
- DocuSign (DOCU) upgraded by JPMorgan from Underweight to Neutral
Downgrades
- BAE Systems (BAESY) downgraded by Berenberg from Buy to Hold
- Alstom (ALSMY) downgraded by Citi from Buy to Neutral
- Marex Group (MRX) downgraded by HSBC from Buy to Hold
- Emerson (EMR) downgraded by Barclays from Equal Weight to Underweight
- Sherwin-Williams (SHW) downgraded by Jefferies from Buy to Hold
- Pebblebrook Hotel (PEB) downgraded by Compass Point from Buy to Neutral
- Host Hotels (HST) downgraded by Compass Point from Buy to Neutral
- Air France-KLM (AFLYY) downgraded by Bernstein from Outperform to Market Perform
- Kilroy Realty (KRC) downgraded by Wells Fargo from Overweight to Equal Weight
- UDR (UDR) downgraded by Truist from Buy to Hold
- Methanex (MEOH) downgraded by Scotiabank from Outperform to Sector Perform
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