Upgrades
- Plexus (PLXS) upgraded by Stifel from Hold to Buy
- Williams (WMB) upgraded by Goldman Sachs from Neutral to Buy
- WaterBridge Infrastructure (WBI) upgraded by Goldman Sachs from Neutral to Buy
- Air Products (APD) upgraded by Berenberg from Hold to Buy
- UBS (UBS) upgraded by Barclays from Underweight to Equal Weight
- Ecolab (ECL) upgraded by Deutsche Bank from Hold to Buy
- Ulta Beauty (ULTA) upgraded by Jefferies from Hold to Buy
- Biogen (BIIB) upgraded by Wells Fargo from Equal Weight to Overweight
- Celldex (CLDX) upgraded by Barclays from Underweight to Overweight
- Okta (OKTA) upgraded by Barclays from Equal Weight to Overweight
- Oscar Health (OSCR) upgraded by Jefferies from Underperform to Hold
- Lakeland Industries (LAKE) upgraded by DA Davidson from Neutral to Buy
- American Electric (AEP) upgraded by Seaport Research from Neutral to Buy
Downgrades
- Sanofi (SNY) downgraded by BNP Paribas from Outperform to Neutral
- Avis Budget (CAR) downgraded by Barclays from Equal Weight to Underweight
- Electrolux (ELUXY) downgraded by Rothschild & Co Redburn from Buy to Neutral
- GitLab (GTLB) downgraded by RBC Capital from Outperform to Sector Perform
- Westlake (WLK) downgraded by Deutsche Bank from Buy to Hold
- NXP Semiconductors (NXPI) downgraded by Wells Fargo from Overweight to Equal Weight
- Skyworks (SWKS) downgraded by Mizuho from Neutral to Underperform
- Schneider (SNDR) downgraded by Raymond James from Outperform to Market Perform
- Vale (VALE) downgraded by Barclays from Overweight to Equal Weight
- Intel (INTC) downgraded by KGI Securities from Outperform to Neutral
- Lionsgate Studios (LION) downgraded by Citi from Buy to Neutral
- Entergy (ETR) downgraded by Seaport Research from Buy to Neutral
- Southern Company (SO) downgraded by Seaport Research from Buy to Neutral
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