Upgrades
- Warner Bros. Discovery (WBD) upgraded by KeyBanc from Sector Weight to Overweight
- 3M (MMM) upgraded by HSBC from Hold to Buy
- TPG (TPG) upgraded by Morgan Stanley from Equal Weight to Overweight
- Munich Re (MURGY) upgraded by BofA from Neutral to Buy
- Squarespace (SQSP) upgraded by Mizuho from Neutral to Buy
- Dutch Bros (BROS) upgraded by TD Cowen from Hold to Buy
- Roblox (RBLX) upgraded by MoffettNathanson from Sell to Neutral
- Bumble (BMBL) upgraded by BofA from Neutral to Buy
- Dominion (D) upgraded by BofA from Sell to Neutral
- Cheesecake Factory (CAKE) upgraded by Citi from Neutral to Buy
- Lear (LEA) upgraded by Morgan Stanley from Equal Weight to Overweight
- Array Technologies (ARRY) upgraded by Oppenheimer from Perform to Outperform
Downgrades
- Vital Farms (VITL) downgraded by Stifel from Buy to Hold
- Progyny (PGNY) downgraded by KeyBanc from Overweight to Sector Weight
- MacroGenics (MGNX) downgraded by BMO Capital from Outperform to Market Perform
- Kingspan Group (KGSPY) downgraded by UBS from Buy to Neutral
- Planet Fitness (PLNT) downgraded by Stifel from Buy to Hold
- Collegium Pharmaceutical (COLL) downgraded by Piper Sandler from Overweight to Neutral
- Getinge (GNGBY) downgraded by Kepler Cheuvreux from Buy to Hold
- Cerence (CRNC) downgraded by Wells Fargo from Overweight to Equal Weight
- Baxter (BAX) downgraded by TD Cowen from Buy to Hold
- PennantPark (PNNT) downgraded by Raymond James from Outperform to Market Perform
- Epam Systems (EPAM) downgraded by Scotiabank from Outperform to Sector Perform
- Telus International (TIXT) downgraded by Scotiabank from Outperform to Sector Perform
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