Upgrades
- Adevinta (ADEVF) upgraded by Goldman Sachs from Neutral to Buy
- Rio Tinto (RIO) upgraded by Goldman Sachs from Neutral to Buy
- Prysmian (PRYMY) upgraded by Credit Suisse from Neutral to Outperform
- Schlumberger (SLB) upgraded by Piper Sandler from Neutral to Overweight
- CatchMark Timber (CTT) upgraded by Baird from Neutral to Outperform
- Photronics (PLAB) upgraded by Stifel from Hold to Buy
- Wells Fargo (WFC) upgraded by Citi from Neutral to Buy
- Warner Bros. Discovery (WBD) upgraded by Atlantic Equities from Neutral to Overweight
- Cameco (CCJ) upgraded by RBC Capital from Sector Perform to Outperform
- JetBlue (JBLU) upgraded by MKM Partners from Neutral to Buy
- Essent Group (ESNT) upgraded by JPMorgan from Neutral to Overweight
- Regions Financial (RF) upgraded by Wells Fargo from Equal Weight to Overweight
- KeyCorp (KEY) upgraded by Wells Fargo from Underweight to Overweight
- NexGen Energy (NXE) upgraded by RBC Capital from Sector Perform to Outperform
- Mizuho Financial Group (MFG) upgraded by BofA from Neutral to Buy
- Pembina Pipeline (PBA) upgraded by Credit Suisse from Neutral to Outperform
- National Bank of Canada (NTIOF) upgraded by CIBC from Neutral to Outperformer
- Royal Bank of Canada (RY) upgraded by CIBC from Neutral to Outperformer
- AT&T (T) upgraded by JPMorgan from Neutral to Overweight
Downgrades
- RTL Group (RGLXY) downgraded by Goldman Sachs from Buy to Neutral
- WPP (WPP) downgraded by Goldman Sachs from Buy to Neutral
- T. Rowe Price (TROW) downgraded by Jefferies from Buy to Hold
- Nvidia (NVDA) downgraded by Baird from Outperform to Neutral
- TC Energy (TRP) downgraded by Wolfe Research from Peer Perform to Underperform
- Kinder Morgan (KMI) downgraded by Wolfe Research from Peer Perform to Underperform
- KeyCorp (KEY) downgraded by Jefferies from Buy to Hold
- Sterling Check (STER) downgraded by Morgan Stanley from Overweight to Equal Weight
- Citizens Financial (CFG) downgraded by Citi from Buy to Neutral
- State Street (STT) downgraded by Citi from Buy to Neutral
- U.S. Bancorp (USB) downgraded by Citi from Buy to Neutral
- Cactus (WHD) downgraded by Morgan Stanley from Overweight to Equal Weight
- BioCryst (BCRX) downgraded by BofA from Buy to Neutral
- Encavis (ENCVF) downgraded by Barclays from Overweight to Equal Weight
- SBA Communications (SBAC) downgraded by MoffettNathanson from Buy to Neutral
- American Express (AXP) downgraded by JPMorgan from Overweight to Neutral
- BNY Mellon (BK) downgraded by Citi from Buy to Neutral
- Masco (MAS) downgraded by BofA from Buy to Neutral
- Fortune Brands (FBHS) downgraded by BofA from Buy to Underperform
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