Upgrades
- Ceres Power (CPWHF) upgraded by Goldman Sachs from Sell to Buy
- Spartan Delta (DALXF) upgraded by BMO Capital from Market Perform to Outperform
- Kraft Heinz (KHC) upgraded by BMO Capital from Market Perform to Outperform
- Equity Residential (EQR) upgraded by RBC Capital from Sector Perform to Outperform
- NatWest Group (NWG) upgraded by Jefferies from Hold to Buy
- PNM Resources (PNM) upgraded by Mizuho from Neutral to Buy
- Japan Post Bank (JPSTF) upgraded by Daiwa from Neutral to Outperform
- Brixmor (BRX) upgraded by JPMorgan from Neutral to Overweight
- Extra Space Storage (EXR) upgraded by JPMorgan from Neutral to Overweight
- Welltower (WELL) upgraded by JPMorgan from Neutral to Overweight
- Cigna (CI) upgraded by Morgan Stanley from Equal Weight to Overweight
- Palomar (PLMR) upgraded by Piper Sandler from Neutral to Overweight
- Summit Materials (SUM) upgraded by RBC Capital from Sector Perform to Outperform
- Enerpac Tool (EPAC) upgraded by Wells Fargo from Equal Weight to Overweight
- Taylor Morrison (TMHC) upgraded by RBC Capital from Sector Perform to Outperform
- Telia (TLSNY) upgraded by Barclays from Equal Weight to Overweight
Downgrades
- Globe Telecom (GTMEY) downgraded by Citi from Neutral to Sell
- Dow Inc. (DOW) downgraded by Credit Suisse from Neutral to Underperform
- Scotts Miracle-Gro (SMG) downgraded by Wells Fargo from Overweight to Equal Weight
- Royal Mail (ROYMY) downgraded by UBS from Buy to Neutral
- Convey Health (CNVY) downgraded by Barclays from Overweight to Equal Weight
- Medical Properties Trust (MPW) downgraded by JPMorgan from Overweight to Neutral
- Anthem (ANTM) downgraded by Morgan Stanley from Overweight to Equal Weight
- Airbnb (ABNB) downgraded by JMP Securities from Outperform to Market Perform
- Hudson Pacific (HPP) downgraded by BofA from Buy to Neutral
- PulteGroup (PHM) downgraded by RBC Capital from Outperform to Sector Perform
- Jeld-Wen (JELD) downgraded by RBC Capital from Sector Perform to Underperform
- Installed Building Products (IBP) downgraded by BofA from Neutral to Underperform
- Nike (NKE) downgraded by Seaport Global from Buy to Neutral
- Burlington Stores (BURL) downgraded by Cowen from Outperform to Market Perform
- Jack in the Box (JACK) downgraded by Cowen from Outperform to Market Perform
- Boston Beer (SAM) downgraded by Bernstein from Outperform to Market Perform
- Vodafone (VOD) downgraded by Barclays from Overweight to Equal Weight
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