Upgrades
- Immunocore (IMCR) upgraded by Goldman Sachs from Neutral to Buy
- Hunting (HNTIF) upgraded by Barclays from Underweight to Overweight
- First Industrial Realty (FR) upgraded by JPMorgan from Neutral to Overweight
- Regency Centers (REG) upgraded by JPMorgan from Neutral to Overweight
- EPR Properties (EPR) upgraded by JPMorgan from Underweight to Neutral
- Meta Platforms (META) upgraded by JPMorgan from Neutral to Overweight
- Air France-KLM (AFLYY) upgraded by Societe Generale from Sell to Hold
- Oneok (OKE) upgraded by Wells Fargo from Equal Weight to Overweight
- Pembina Pipeline (PBA) upgraded by Wells Fargo from Equal Weight to Overweight
- Sunoco LP (SUN) upgraded by Wells Fargo from Underweight to Equal Weight
- Universal Health (UHS) upgraded by BofA from Underperform to Neutral
- Lennox (LII) upgraded by Mizuho from Underperform to Neutral
- Trip.com Group (TCOM) upgraded by UBS from Neutral to Buy
- Fortune Brands Innovations (FBIN) upgraded by Loop Capital from Hold to Buy
Downgrades
- Wood Group (WDGJF) downgraded by Barclays from Overweight to Equal Weight
- TAG Immobilien (TAGOF) downgraded by Stifel from Buy to Hold
- American Homes 4 Rent (AMH) downgraded by JPMorgan from Overweight to Neutral
- Essex Property Trust (ESS) downgraded by JPMorgan from Overweight to Neutral
- Extra Space Storage (EXR) downgraded by JPMorgan from Overweight to Neutral
- Federal Realty (FRT) downgraded by JPMorgan from Overweight to Neutral
- Prologis (PLD) downgraded by JPMorgan from Overweight to Neutral
- AvalonBay (AVB) downgraded by JPMorgan from Neutral to Underweight
- Prudential (PRU) downgraded by Wells Fargo from Equal Weight to Underweight
- Axis Capital (AXS) downgraded by Wells Fargo from Equal Weight to Underweight
- Equity Residential (EQR) downgraded by BMO Capital from Market Perform to Underperform
- Aris Water Solutions (ARIS) downgraded by Wells Fargo from Overweight to Equal Weight
- Magellan Midstream (MMP) downgraded by Wells Fargo from Overweight to Equal Weight
- Williams (WMB) downgraded by Wells Fargo from Overweight to Equal Weight
- One Gas (OGS) downgraded by BofA from Buy to Neutral
- Acuity Brands (AYI) downgraded by Baird from Outperform to Neutral
- Mercury Systems (MRCY) downgraded by RBC Capital from Outperform to Sector Perform
- New York Times (NYT) downgraded by Morgan Stanley from Overweight to Equal Weight
- Lincoln National (LNC) downgraded by Jefferies from Hold to Underperform
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