Upgrades
- First Citizens (FCNCA) upgraded by Keefe Bruyette from Market Perform to Outperform
- Air Products (APD) upgraded by Wells Fargo from Equal Weight to Overweight
- Acuity Brands (AYI) upgraded by Morgan Stanley from Equal Weight to Overweight
- United Rentals (URI) upgraded by Baird from Underperform to Neutral
- Aon plc (AON) upgraded by Wells Fargo from Equal Weight to Overweight
- A.O. Smith (AOS) upgraded by Oppenheimer from Perform to Outperform
- Visa (V) upgraded by Seaport Research from Neutral to Buy
- Capital One (COF) upgraded by HSBC from Reduce to Hold
- Cummins (CMI) upgraded by BofA from Underperform to Neutral
- Eastman Chemical (EMN) upgraded by BofA from Neutral to Buy
- Instacart (CART) upgraded by BTIG from Neutral to Buy
- Celanese (CE) upgraded by BofA from Underperform to Buy
Downgrades
- Mercedes-Benz (MBGYY) downgraded by Goldman Sachs from Buy to Neutral
- Porsche (POAHY) downgraded by Goldman Sachs from Buy to Sell
- AT&S Austria Technologie (ASAAF) downgraded by Deutsche Bank from Buy to Hold
- General Dynamics (GD) downgraded by Baird from Outperform to Neutral
- Fortinet (FTNT) downgraded by Raymond James from Outperform to Market Perform
- Voya Financial (VOYA) downgraded by Wells Fargo from Overweight to Equal Weight
- MasterCard (MA) downgraded by Seaport Research from Buy to Neutral
- Match Group (MTCH) downgraded by BTIG from Buy to Neutral
- Las Vegas Sands (LVS) downgraded by Morgan Stanley from Overweight to Equal Weight
- Archer Daniels (ADM) downgraded by BofA from Buy to Neutral
- BCE (BCE) downgraded by BofA from Neutral to Underperform
- Rogers Communications (RCI) downgraded by BofA from Buy to Neutral
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