Upgrades
- JLL (JLL) upgraded by Wolfe Research from Peer Perform to Outperform
- FedEx (FDX) upgraded by Stifel from Hold to Buy
- Vitesco Technologies (VTSCY) upgraded by HSBC from Hold to Buy
- Endeavour (EDVMF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Choice Hotels (CHH) upgraded by Baird from Neutral to Outperform
- Foot Locker (FL) upgraded by Telsey Advisory from Market Perform to Outperform
- Progressive (PGR) upgraded by Wells Fargo from Underweight to Overweight
- Motorola Solutions (MSI) upgraded by JPMorgan from Neutral to Overweight
- Intel (INTC) upgraded by Susquehanna from Negative to Neutral
- Qualcomm (QCOM) upgraded by Susquehanna from Neutral to Positive
- Skyworks (SWKS) upgraded by Susquehanna from Neutral to Positive
- Block (SQ) upgraded by Mizuho from Neutral to Buy
- Mersana Therapeutics (MRSN) upgraded by JPMorgan from Neutral to Overweight
- On Holding (ONON) upgraded by Wedbush from Neutral to Outperform
- Under Armour (UA) upgraded by Williams Trading from Hold to Buy
Downgrades
- Stadler Rail (SRAIF) downgraded by JPMorgan from Overweight to Neutral
- Man Group (MNGPF) downgraded by Exane BNP Paribas from Outperform to Neutral
- Carlsberg (CABGY) downgraded by Baader Europe from Add to Reduce
- Credit Suisse (CS) downgraded by Baader Europe from Reduce to Sell
- Mytheresa (MYTE) downgraded by TD Cowen from Outperform to Market Perform
- Esperion (ESPR) downgraded by BofA from Neutral to Underperform
- Medical Properties Trust (MPW) downgraded by BofA from Buy to Neutral
- LivePerson (LPSN) downgraded by Roth MKM from Buy to Neutral
- Millicom (TIGO) downgraded by JPMorgan from Overweight to Neutral
- AEye (LIDR) downgraded by DA Davidson to Neutral
- Manhattan Bridge Capital (LOAN) downgraded by Maxim from Buy to Hold
- Halozyme (HALO) downgraded by SVB Securities from Outperform to Market Perform
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