Upgrades
- InterContinental (IHG) upgraded by JPMorgan from Underweight to Overweight
- One Gas (OGS) upgraded by Mizuho from Neutral to Outperform
- Kenvue (KVUE) upgraded by Rothschild & Co Redburn from Neutral to Buy
- Riot Platforms (RIOT) upgraded by JPMorgan from Neutral to Overweight
- Ionis Pharmaceuticals (IONS) upgraded by Goldman Sachs from Sell to Neutral
- Brookfield Infrastructure Partners (BIP) upgraded by National Bank to Outperform
- Alkermes (ALKS) upgraded by RBC Capital from Sector Perform to Outperform
- Macerich (MAC) upgraded by BofA from Neutral to Buy
- H.B. Fuller (FUL) upgraded by Seaport Research from Neutral to Buy
- Rapt Therapeutics (RAPT) upgraded by Leerink from Market Perform to Outperform
- Lindt & Sprungli (LDSVF) upgraded by Bernstein from Underperform to Market Perform
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Downgrades
- Warner Bros. Discovery (WBD) downgraded by KeyBanc from Overweight to Sector Weight
- Integral Ad Science (IAS) downgraded by Stifel from Buy to Hold
- CleanSpark (CLSK) downgraded by JPMorgan from Overweight to Neutral
- IREN (IREN) downgraded by JPMorgan from Neutral to Underweight
- Civitas Resources (CIVI) downgraded by Morgan Stanley from Overweight to Equal Weight
- Apellis (APLS) downgraded by Goldman Sachs from Neutral to Sell
- CarMax (KMX) downgraded by Oppenheimer from Outperform to Perform
- EOG Resources (EOG) downgraded by Scotiabank from Outperform to Sector Perform
- CarMax (KMX) downgraded by Evercore ISI from Outperform to In Line
- Pernod Ricard (PDRDF) downgraded by BofA from Buy to Neutral
- Neste (NTOIY) downgraded by BofA from Neutral to Underperform
- Braskem (BAK) downgraded by UBS from Buy to Neutral
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