Upgrades
- Ventas (VTR) upgraded by Deutsche Bank from Hold to Buy
- Spotify (SPOT) upgraded by KeyBanc from Sector Weight to Overweight
- Toronto-Dominion (TD) upgraded by Barclays from Equal Weight to Overweight
- Bank of Montreal (BMO) upgraded by Barclays from Underweight to Equal Weight
- Southern Company (SO) upgraded by Guggenheim from Neutral to Buy
- Terminix (TMX) upgraded by BofA from Underperform to Buy
- Mineral Resources (MALRY) upgraded by Citi from Neutral to Buy
- Cirrus Logic (CRUS) upgraded by Barclays from Equal Weight to Overweight
- Methanex (MEOH) upgraded by Barclays from Equal Weight to Overweight
- TriCo Bancshares (TCBK) upgraded by DA Davidson from Neutral to Buy
- Five9 (FIVN) upgraded by Needham from Hold to Buy
- BRP Inc. (DOOO) upgraded by BMO Capital from Market Perform to Outperform
Downgrades
- EnQuest (ENQUF) downgraded by Jefferies from Buy to Hold
- Solaria Energia (SEYMF) downgraded by Goldman Sachs from Buy to Neutral
- Holcim (HCMLY) downgraded by Oddo BHF from Outperform to Neutral
- Carrier Global (CARR) downgraded by Wolfe Research from Outperform to Peer Perform
- Danone (DANOY) downgraded by BofA from Neutral to Underperform
- Farfetch (FTCH) downgraded by Arete from Neutral to Sell
- Telenet (TLGHF) downgraded by Citi from Buy to Neutral
- Johnson & Johnson (JNJ) downgraded by Morgan Stanley from Overweight to Equal Weight
- Argenx (ARGX) downgraded by Morgan Stanley from Overweight to Equal Weight
- Merck (MRK) downgraded by Morgan Stanley from Overweight to Equal Weight
- Amgen (AMGN) downgraded by Morgan Stanley from Overweight to Equal Weight
- Alliant Energy (LNT) downgraded by Guggenheim from Buy to Neutral
- Amcor (AMCR) downgraded by Jefferies from Hold to Underperform
- Joann (JOAN) downgraded by Barclays from Overweight to Equal Weight
- Banner Corp. (BANR) downgraded by DA Davidson from Buy to Neutral
- XOMA (XOMA) downgraded by Wedbush from Outperform to Neutral
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