Upgrades
- Johnson & Johnson (JNJ) upgraded by Goldman Sachs from Neutral at Buy
- Simon Property (SPG) upgraded by Stifel from Hold to Buy
- Sirius XM (SIRI) upgraded by Seaport Research from Neutral to Buy
- Bath & Body Works (BBWI) upgraded by Piper Sandler from Neutral to Overweight
- Keurig Dr Pepper (KDP) upgraded by Piper Sandler from Neutral to Overweight
- Eastman Chemical (EMN) upgraded by RBC Capital from Sector Perform to Outperform
- Apple (AAPL) upgraded by Jefferies from Underperform to Hold
- Starbucks (SBUX) upgraded by Jefferies from Underperform to Hold
- Constellation Energy (CEG) upgraded by Citi from Neutral to Buy
- Adidas (ADDYY) upgraded by HSBC from Hold to Buy
- Travelers (TRV) upgraded by Wells Fargo from Underweight to Equal Weight
- Associated Banc-Corp (ASB) upgraded by Wells Fargo from Equal Weight to Overweight
- Popular (BPOP) upgraded by Wells Fargo from Equal Weight to Overweight
- First BanCorp (FBP) upgraded by Wells Fargo from Equal Weight to Overweight
Downgrades
- Rio Tinto (RIO) downgraded by Morgan Stanley from Overweight to Equal Weight
- CVC Capital Partners (CVCCF) downgraded by Morgan Stanley from Overweight to Equal Weight
- Jupiter Fund (JFHHF) downgraded by Morgan Stanley from Equal Weight to Underweight
- Harvard Bioscience (HBIO) downgraded by KeyBanc from Overweight to Sector Weight
- Bloom Energy (BE) downgraded by Redburn Atlantic from Neutral to Sell
- LyondellBasell (LYB) downgraded by RBC Capital from Outperform to Sector Perform
- RxSight (RXST) downgraded by UBS from Buy to Neutral
- Invesco (IVZ) downgraded by TD Cowen from Buy to Hold
- Health Catalyst (HCAT) downgraded by Evercore ISI from Outperform to In Line
- Ford (F) downgraded by Bernstein from Market Perform to Underperform
- Rallybio (RLYB) downgraded by H.C. Wainwright from Buy to Neutral
- W. R. Berkley (WRB) downgraded by Wells Fargo from Overweight to Equal Weight
- PTC (PTC) downgraded by JPMorgan from Overweight to Neutral
- OFG Bancorp (OFG) downgraded by Wells Fargo from Overweight to Equal Weight
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