Upgrades
- Rational (RTLLF) upgraded by Exane BNP Paribas from Underperform to Neutral
- Air France-KLM (AFLYY) upgraded by UBS from Neutral to Buy
- Vulcan Materials (VMC) upgraded by RBC Capital from Sector Perform to Outperform
- TransUnion (TRU) upgraded by Wells Fargo from Equal Weight to Overweight
- SoftBank Corp. (SFBQF) upgraded by HSBC from Reduce to Hold
- Carrier Global (CARR) upgraded by Mizuho from Neutral to Buy
- Pentair (PNR) upgraded by Mizuho from Neutral to Buy
- Fuchs Petrolub (FUPBY) upgraded by Stifel from Hold to Buy
- Caterpillar (CAT) upgraded by BofA from Neutral to Buy
- China Life Insurance (CILJF) upgraded by JPMorgan from Underweight to Neutral
- Farmland Partners (FPI) upgraded by Janney Montgomery Scott from Neutral to Buy
- Community Healthcare (CHCT) upgraded by Janney Montgomery Scott from Neutral to Buy
- Armstrong World (AWI) upgraded by Evercore ISI from Underperform to In Line
Downgrades
- Lockheed Martin (LMT) downgraded by Goldman Sachs from Neutral to Sell
- Northrop Grumman (NOC) downgraded by Goldman Sachs from Neutral to Sell
- Raytheon (RTX) downgraded by Goldman Sachs from Conviction Buy to Neutral
- Logitech (LOGI) downgraded by Deutsche Bank from Buy to Hold
- Hugo Boss (BOSSY) downgraded by BofA from Neutral to Underperform
- Lennar (LEN) downgraded by RBC Capital from Sector Perform to Underperform
- Fortune Brands (FBIN) downgraded by RBC Capital from Outperform to Sector Perform
- Masonite (DOOR) downgraded by RBC Capital from Outperform to Sector Perform
- AutoNation (AN) downgraded by Wells Fargo from Overweight to Equal Weight
- D.R. Horton (DHI) downgraded by RBC Capital from Sector Perform to Underperform
- Salesforce (CRM) downgraded by Atlantic Equities from Overweight to Neutral
- Fortinet (FTNT) downgraded by BTIG from Buy to Neutral
- Algonquin Power (AQN) downgraded by Desjardins from Hold to Sell
- Shaw Communications (SJR) downgraded by Desjardins from Buy to Hold
- Tesla (TSLA) downgraded by Guggenheim from Neutral to Sell
- Casella Waste (CWST) downgraded by BofA from Neutral to Underperform
- Wendy’s (WEN) downgraded by Evercore ISI to In Line from Outperform
- Polaris (PII) downgraded by Northcoast from Buy to Neutral
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