Upgrades
- Sea Limited (SE) upgraded by JPMorgan from Neutral to Overweight
- Funko (FNKO) upgraded by Goldman Sachs from Sell to Neutral
- Transportadora de Gas (TGS) upgraded by Grupo Santander from Neutral to Outperform
- Vestas Wind (VWDRY) upgraded by Berenberg from Hold to Buy
- Ameren (AEE) upgraded by KeyBanc from Sector Weight to Overweight
- Entergy (ETR) upgraded by KeyBanc from Sector Weight to Overweight
- KKR (KKR) upgraded by Morgan Stanley from Equal Weight to Overweight
- PVH Corp. (PVH) upgraded by Jefferies from Hold to Buy
- Hapag-Lloyd (HPGLY) upgraded by Deutsche Bank from Sell to Hold
- AP Moller Maersk (AMKBY) upgraded by Deutsche Bank from Sell to Hold
- Regeneron (REGN) upgraded by Citi from Neutral to Buy
- Franklin Resources (BEN) upgraded by TD Cowen from Hold to Buy
- Carlyle (CG) upgraded by TD Cowen from Hold to Buy
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Downgrades
- Rivian (RIVN) downgraded by Jefferies from Buy to Hold
- AB Foods (ASBFY) downgraded by RBC Capital from Outperform to Sector Perform
- Allogene (ALLO) downgraded by Citizens JMP from Outperform to Market Perform
- Consolidated Edison (ED) downgraded by KeyBanc from Sector Weight to Underweight
- Portland General (POR) downgraded by KeyBanc from Overweight to Sector Weight
- Southern Company (SO) downgraded by KeyBanc from Sector Weight to Underweight
- Cboe Global Markets (CBOE) downgraded by Morgan Stanley from Overweight to Underweight
- Merck (MRK) downgraded by Citi from Buy to Neutral
- AbbVie (ABBV) downgraded by Citi from Buy to Neutral
- UnitedHealth (UNH) downgraded by Raymond James from Strong Buy to Market Perform
- Wayfair (W) downgraded by Loop Capital from Hold to Sell
- UnitedHealth (UNH) downgraded by BofA from Buy to Neutral
- Nutrien (NTR) downgraded by Scotiabank from Outperform to Sector Perform
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