Upgrades
- Paccar (PCAR) upgraded by JPMorgan from Neutral to Overweight
- Stryker (SYK) upgraded by Citizens from Market Perform to Outperform
- Exosens (EXOSF) upgraded by Kepler Cheuvreux from Reduce to Hold
- ZIM Integrated (ZIM) upgraded by Fearnley from Sell to Hold
- Bain Capital Specialty Finance (BCSF) upgraded by Keefe Bruyette to Outperform
- Generac (GNRC) upgraded by Wells Fargo from Equal Weight to Overweight
- ServisFirst (SFBS) upgraded by Hovde Group from Market Perform to Outperform
- Cummins (CMI) upgraded by Barclays from Equal Weight to Overweight
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Downgrades
- Lockheed Martin (LMT) downgraded by JPMorgan from Overweight to Neutral
- Allegiant Travel (ALGT) downgraded by Raymond James from Strong Buy to Outperform
- Banco Santander (SAN) downgraded by DZ Bank from Buy to Hold
- Air Products (APD) downgraded by Wells Fargo from Overweight to Equal Weight
- Celanese (CE) downgraded by Wells Fargo from Overweight to Equal Weight
- Eastman Chemical (EMN) downgraded by Wells Fargo from Overweight to Equal Weight
- LyondellBasell (LYB) downgraded by Wells Fargo from Overweight to Equal Weight
- LinkBancorp (LNKB) downgraded by Hovde Group from Outperform to Market Perform
- Agco (AGCO) downgraded by Barclays from Equal Weight to Underweight
- Aecom (ACM) downgraded by Barclays from Overweight to Equal Weight
- Eagle Materials (EXP) downgraded by Truist from Buy to Hold
- Elevance Health (ELV) downgraded by Deutsche Bank from Buy to Hold
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