Upgrades
- Starwood Property (STWD) upgraded by Keefe Bruyette from Market Perform to Outperform
- KKR Real Estate (KREF) upgraded by Keefe Bruyette from Market Perform to Outperform
- TE Connectivity (TEL) upgraded by Wolfe Research from Peer Perform at Outperform
- Comerica (CMA) upgraded by Keefe Bruyette from Market Perform to Outperform
- RS Group (EENEF) upgraded by Citi from Neutral to Buy
- Arkema (ARKAY) upgraded by Morgan Stanley from Equal Weight to Overweight
- Wacker Chemie (WKCMF) upgraded by Morgan Stanley from Equal Weight to Overweight
- Sage Group (SGPYY) upgraded by UBS from Sell to Neutral
- Nordstrom (JWN) upgraded by Barclays from Underweight to Equal Weight
- Roku (ROKU) upgraded by Wells Fargo from Underweight to Equal Weight
- Whitbread (WTBDY) upgraded by Redburn Atlantic from Sell to Neutral
- Planet Fitness (PLNT) upgraded by Exane BNP Paribas from Neutral to Outperform
Downgrades
- Stellantis (STLA) downgraded by Wolfe Research from Outperform to Peer Perform
- General Motors (GM) downgraded by Wolfe Research from Outperform to Peer Perform
- Magna (MGA) downgraded by Wolfe Research from Peer Perform to Underperform
- Goodyear Tire (GT) downgraded by Wolfe Research from Outperform to Peer Perform
- Novartis (NVS) downgraded by Goldman Sachs from Buy to Neutral
- Air Liquide (AIQUY) downgraded by Morgan Stanley from Equal Weight to Underweight
- StoneCo (STNE) downgraded by Morgan Stanley from Equal Weight to Underweight
- Celanese (CE) downgraded by Piper Sandler from Overweight to Neutral
- Dollar Tree (DLTR) downgraded by Loop Capital from Buy to Hold
- Mazda Motor (MZDAY) downgraded by Citi from Neutral to Sell
- Evertec (EVTC) downgraded by Susquehanna from Neutral to Negative
- Intel (INTC) downgraded by Erste Group from Hold to Sell
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