Upgrades
- Auto Trader Group (ATDRY) upgraded by Barclays from Equal Weight to Overweight
- Tesla (TSLA) upgraded by Berenberg from Hold to Buy
- HeidelbergCement (HDELY) upgraded by HSBC from Hold to Buy
- Colgate-Palmolive (CL) upgraded by Morgan Stanley from Equal Weight to Overweight
- Stellar Bancorp (STEL) upgraded by Piper Sandler from Neutral to Overweight
- Lockheed Martin (LMT) upgraded by DZ Bank from Hold to Buy
- Shopify (SHOP) upgraded by Roth Capital from Neutral to Buy
- Axalta Coating (AXTA) upgraded by Citi from Neutral to Buy
- Federal Realty (FRT) upgraded by Compass Point from Neutral to Buy
- Axalta Coating (AXTA) upgraded by Deutsche Bank from Hold to Buy
- Okta (OKTA) upgraded by Stifel from Hold to Buy
- Pangaea Logistics (PANL) upgraded by Fearnley from Hold to Buy
- Aluminum Corp. of China (ACHHY) upgraded by HSBC from Reduce to Hold
Downgrades
- First Interstate (FIBK) downgraded by Keefe Bruyette from Outperform to Market Perform
- Edwards Lifesciences (EW) downgraded by Piper Sandler from Overweight to Neutral
- HelloFresh (HLFFF) downgraded by Barclays from Overweight to Equal Weight
- Auto1 Group (ATOGF) downgraded by Barclays from Overweight to Equal Weight
- General Motors (GM) downgraded by Berenberg from Buy to Hold
- BMW (BMWYY) downgraded by Berenberg from Buy to Hold
- InterContinental (IHG) downgraded by Peel Hunt from Buy to Hold
- Nordex (NRDXF) downgraded by Societe Generale from Buy to Hold
- Boot Barn (BOOT) downgraded by Baird from Outperform to Neutral
- Tanger Factory (SKT) downgraded by Compass Point from Buy to Neutral
- ISS (ISSDY) downgraded by UBS from Buy to Neutral
- Saia (SAIA) downgraded by Credit Suisse from Outperform to Neutral
- Fortune Brands Innovations (FBIN) downgraded by BofA from Neutral to Underperform
- Azek (AZEK) downgraded by BofA from Buy to Neutral
- Old Dominion (ODFL) downgraded by Credit Suisse from Neutral to Underperform
- Eastman Chemical (EMN) downgraded by Scotiabank from Outperform to Sector Perform
- First Interstate (FIBK) downgraded by Janney Montgomery Scott from Buy to Neutral
- Goodyear Tire (GT) downgraded by Exane BNP Paribas from Neutral to Underperform
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