Upgrades
- Choice Hotels (CHH) upgraded by JPMorgan from Underweight to Neutral
- Host Hotels (HST) upgraded by JPMorgan from Underweight to Neutral
- Park Hotels & Resorts (PK) upgraded by JPMorgan from Underweight to Neutral
- Invesco (IVZ) upgraded by Keefe Bruyette from Market Perform to Outperform
- Six Flags (SIX) upgraded by Morgan Stanley from Equal Weight to Overweight
- Live Nation (LYV) upgraded by Morgan Stanley from Equal Weight to Overweight
- Trex Company (TREX) upgraded by JPMorgan from Underweight to Neutral
- Compass Group (CMPGY) upgraded by JPMorgan from Neutral to Overweight
- Paychex (PAYX) upgraded by Barclays from Underweight to Equal Weight
- Foot Locker (FL) upgraded by Piper Sandler from Neutral to Overweight
- PNC Financial (PNC) upgraded by Odeon Capital from Hold to Buy
- U.S. Bancorp (USB) upgraded by Odeon Capital from Hold to Buy
- Bank of America (BAC) upgraded by Odeon Capital from Hold to Buy
Downgrades
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- Gaming and Leisure Properties (GLPI) downgraded by JPMorgan from Overweight to Neutral
- SeaWorld (SEAS) downgraded by Morgan Stanley from Overweight to Equal Weight
- Deckers Outdoor (DECK) downgraded by Stifel from Buy to Hold
- Northrop Grumman (NOC) downgraded by Wolfe Research from Peer Perform to Underperform
- Stanley Black & Decker (SWK) downgraded by JPMorgan from Neutral to Underweight
- Publicis (PUBGY) downgraded by Citi from Buy to Neutral
- Acadia Pharmaceuticals (ACAD) downgraded by Deutsche Bank from Buy to Hold
- Achilles Therapeutics (ACHL) downgraded by BofA from Buy to Underperform
- Marathon Oil (MRO) downgraded by UBS from Buy to Neutral
- EOG Resources (EOG) downgraded by Wells Fargo from Overweight to Equal Weight
- Range Resources (RRC) downgraded by Wells Fargo from Overweight to Equal Weight
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