Upgrades
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- MediaTek (MDTKF) upgraded by Goldman Sachs from Sell to Buy
- Trip.com Group (TCOM) upgraded by JPMorgan from Neutral to Overweight
- Sirius XM (SIRI) upgraded by Seaport Research from Sell to Neutral
- Chevron (CVX) upgraded by Goldman Sachs from Neutral to Buy
- Gentera (CMPRF) upgraded by JPMorgan from Neutral to Overweight
- Ryder (R) upgraded by Baird from Neutral to Outperform
- Wayfair (W) upgraded by Piper Sandler from Neutral to Overweight
- Adobe (ADBE) upgraded by Morgan Stanley from Equal Weight to Overweight
- SmartFinancial (SMBK) upgraded by Raymond James from Market Perform to Strong Buy
- Fortum (FOJCY) upgraded by Nordea from Hold to Buy
- Hasbro (HAS) upgraded by BofA from Neutral to Buy
- Novocure (NVCR) upgraded by Evercore ISI from Underperform to In Line
Downgrades
- Banc of California (BANC) downgraded by Keefe Bruyette from Outperform to Market Perform
- Tencent Music (TME) downgraded by Citi from Buy to Neutral
- BASF (BASFY) downgraded by Exane BNP Paribas from Outperform to Neutral
- Carvana (CVNA) downgraded by Jefferies from Hold to Underperform
- Ford (F) downgraded by Jefferies from Buy to Hold
- Oatly Group (OTLY) downgraded by RBC Capital from Outperform to Sector Perform
- Penske Automotive (PAG) downgraded by JPMorgan from Neutral to Underweight
- Canadian National (CNI) downgraded by RBC Capital from Outperform to Sector Perform
- Salesforce (CRM) downgraded by Morgan Stanley from Overweight to Equal Weight
- CSX (CSX) downgraded by RBC Capital from Outperform to Sector Perform
- UPS (UPS) downgraded by Credit Suisse from Outperform to Neutral
- Southwest (LUV) downgraded by Bernstein from Outperform to Market Perform
- General Electric (GE) downgraded by Oppenheimer from Outperform to Perform
- Tractor Supply (TSCO) downgraded by Barclays from Overweight to Equal Weight
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