Upgrades
- Simon Property (SPG) upgraded by Stifel from Hold to Buy
- Gatos Silver (GATO) upgraded by RBC Capital from Sector Perform to Outperform
- IBM (IBM) upgraded by Societe Generale from Sell to Hold
- Vallourec (VLOWY) upgraded by Kepler Cheuvreux from Reduce to Hold
- Sundrug (SDGCF) upgraded by SMBC Nikko from Underperform to Neutral
- Zions Bancorp (ZION) upgraded by Baird from Underperform to Neutral
- InterContinental (IHG) upgraded by Stifel from Hold to Buy
- Western Midstream (WES) upgraded by Morgan Stanley from Equal Weight to Overweight
- LivaNova (LIVN) upgraded by Needham from Hold to Buy
- Elementis (EMNSF) upgraded by HSBC from Reduce to Hold
- CMS Energy (CMS) upgraded by KeyBanc from Sector Weight to Overweight
- Krystal Biotech (KRYS) upgraded by Goldman Sachs from Neutral to Buy
- Incyte (INCY) upgraded by Benchmark from Hold to Buy
- BNY Mellon (BK) upgraded by Argus from Hold to Buy
Downgrades
- Five9 (FIVN) downgraded by Morgan Stanley from Overweight to Equal Weight
- Viavi (VIAV) downgraded by JPMorgan from Overweight to Neutral
- Ardelyx (ARDX) downgraded by Piper Sandler from Overweight to Neutral
- Topcon (TOPCF) downgraded by SMBC Nikko from Outperform to Neutral
- Glaukos (GKOS) downgraded by Wells Fargo from Equal Weight to Underweight
- Consolidated Edison (ED) downgraded by KeyBanc from Sector Weight to Underweight
- Great-West Lifeco (GWLIF) downgraded by CIBC from Outperformer to Neutral
- Cheniere Energy Partners (CQP) downgraded by Barclays from Overweight to Equal Weight
- Enbridge (ENB) downgraded by Barclays from Overweight to Equal Weight
- Fujitsu (FJTSY) downgraded by Goldman Sachs from Conviction Buy to Buy
- Rocket Companies (RKT) downgraded by Wedbush from Neutral to Underperform
- Vertex Pharmaceuticals (VRTX) downgraded by SVB Leerink from Market Perform to Underperform
- TC Energy (TRP) downgraded by Morgan Stanley from Overweight to Equal Weight
- FMC Corporation (FMC) downgraded by Loop Capital from Buy to Hold
- Cloudflare (NET) downgraded by BTIG from Buy to Neutral
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