Upgrades
- Kingsoft Cloud (KC) upgraded by Goldman Sachs from Neutral to Buy
- European Wax Center (EWCZ) upgraded by Morgan Stanley from Underweight to Equal Weight
- Radian Group (RDN) upgraded by Keefe Bruyette from Market Perform to Outperform
- Fevertree Drinks (FQVTF) upgraded by Barclays from Equal Weight to Overweight
- Coca-Cola Femsa (KOF) upgraded by Bradesco BBI from Neutral to Outperform
- Monro (MNRO) upgraded by Oppenheimerm from Perform to Outperfor
- Wacker Chemie (WKCMF) upgraded by Berenberg from Hold to Buy
- Cloudflare (NET) upgraded by Baird from Neutral to Outperform
- ArcelorMittal (MT) upgraded by Jefferies from Hold to Buy
- Tyler Technologies (TYL) upgraded by DA Davidson from Neutral to Buy
- Beta Technologies (BETA) upgraded by Jefferies from Hold to Buy
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Downgrades
- Mattel (MAT) downgraded by JPMorgan from Neutral to Underweight
- Webster Financial (WBS) downgraded by Raymond James from Outperform to Market Perform
- Seadrill (SDRL) downgraded by Fearnley from Buy to Hold
- Noble Corp. (NE) downgraded by Fearnley from Buy to Hold
- Norwegian Cruise Line (NCLH) downgraded by Barclays from Overweight to Equal Weight
- Qualcomm (QCOM) downgraded by Daiwa from Outperform to Neutral
- Rapid7 (RPD) downgraded by Canaccord from Buy to Hold
- NuScale Power (SMR) downgraded by TD Cowen from Buy to Hold
- Mattel (MAT) downgraded by Citi from Buy to Neutral
- BP (BP) downgraded by Melius Research from Buy to Sell
- Saia (SAIA) downgraded by Susquehanna from Positive to Neutral
- XPO (XPO) downgraded by Susquehanna from Positive to Neutral
- Trex Company (TREX) downgraded by Benchmark from Buy to Hold
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