Upgrades
- Truist Financial (TFC) upgraded by Keefe Bruyette from Market Perform to Outperform
- Regional SAB (RGNLF) upgraded by Goldman Sachs from Neutral to Buy
- TUI (TUIFF) upgraded by Jefferies from Underperform to Hold
- Merck KGaA (MKGAY) upgraded by Citi from Neutral to Buy
- Five9 (FIVN) upgraded by Deutsche Bank from Hold to Buy
- New Jersey Resources (NJR) upgraded by JPMorgan from Underweight to Neutral
- HealthEquity (HQY) upgraded by Baird from Neutral to Outperform
- European Wax Center (EWCZ) upgraded by Piper Sandler from Neutral to Overweight
- Nutanix (NTNX) upgraded by BofA from Neutral to Buy
- International Paper (IP) upgraded by Truist from Hold to Buy
- Enphase Energy (ENPH) upgraded by Seaport Research from Neutral to Buy
- ENN Energy (XNGSY) upgraded by JPMorgan from Neutral to Overweight
Downgrades
- Bancolombia (CIB) downgraded by Goldman Sachs from Buy to Neutral
- Seelos Therapeutics (SEEL) downgraded by Cantor Fitzgerald from Overweight to Neutral
- Brighthouse Financial (BHF) downgraded by Goldman Sachs from Neutral to Sell
- Ocado Group (OCDGF) downgraded by Exane BNP Paribas from Neutral to Underperform
- Frontier Group (ULCC) downgraded by Citi from Buy to Neutral
- ARS Pharmaceuticals (SPRY) downgraded by Leerink from Outperform to Market Perform
- Singapore Exchange (SPXCF) downgraded by Citi from Buy to Sell
- Societe Generale (SCGLY) downgraded by Redburn from Buy to Neutral
- Moncler (MONRY) downgraded by Oddo BHF from Outperform to Neutral
- Hermes (HESAY) downgraded by Oddo BHF from Outperform to Neutral
- KPN (KKPNY) downgraded by Redburn from Buy to Neutral
- Silk Road Medical (SILK) downgraded by Argus from Buy to Hold
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