Upgrades
- United Therapeutics (UTHR) upgraded by Goldman Sachs from Sell to Neutral
- Carlsberg (CABGY) upgraded by UBS from Sell to Neutral
- Urban Outfitters (URBN) upgraded by UBS from Sell to Neutral
- Lloyds Banking (LYG) upgraded by Keefe Bruyette from Underperform to Market Perform
- Rockwool (RKWBF) upgraded by HSBC from Hold to Buy
- Siemens Energy (SMNEY) upgraded by Grupo Santander from Neutral to Outperform
- Standard Chartered (SCBFF) upgraded by Keefe Bruyette from Underperform to Market Perform
- Old Republic (ORI) upgraded by Piper Sandler from Neutral to Overweight
- Teva (TEVA) upgraded by Piper Sandler from Neutral to Overweight
- PepsiCo (PEP) upgraded by Citi from Neutral to Buy
- Lowe’s (LOW) upgraded by JPMorgan from Neutral to Overweight
- Lincoln National (LNC) upgraded by Jefferies from Underperform to Hold
- Corteva (CTVA) upgraded by Loop Capital from Hold to Buy
Downgrades
- Owens Corning (OC) downgraded by Barclays from Overweight to Equal Weight
- Rivian Automotive (RIVN) downgraded by Barclays from Overweight to Equal Weight
- HSBC (HSBC) downgraded by Keefe Bruyette from Market Perform to Underperform
- NatWest Group (NWG) downgraded by Keefe Bruyette from Market Perform to Underperform
- Newell Brands (NWL) downgraded by Raymond James from Outperform to Market Perform
- Construction Partners (ROAD) downgraded by Baird from Outperform to Neutral
- Hershey (HSY) downgraded by Morgan Stanley from Equal Weight to Underweight
- W.P. Carey (WPC) downgraded by Raymond James from Outperform to Market Perform
- Big Lots (BIG) downgraded by Loop Capital from Hold to Sell
- Everest Group (EG) downgraded by Citi from Buy to Neutral
- Duke Energy (DUK) downgraded by BofA from Buy to Neutral
- FMC Corporation (FMC) downgraded by Loop Capital from Buy to Hold
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