Upgrades
- BBB Foods (TBBB) upgraded by Itau BBA from Market Perform to Outperform
- Expand Energy (EXE) upgraded by KeyBanc from Sector Weight to Overweight
- Salesforce (CRM) upgraded by Guggenheim from Sell to Neutral
- Adidas (ADDYY) upgraded by Baird from Neutral to Outperform
- Wolverine World Wide (WWW) upgraded by Baird from Neutral to Outperform
- Centerspace (CSR) upgraded by Raymond James from Market Perform to Outperform
- Netflix (NFLX) upgraded by Phillip Securities from Reduce to Neutral
- Spotify (SPOT) upgraded by Wolfe Research from Peer Perform to Outperform
- Disney (DIS) upgraded by Wolfe Research from Peer Perform to Outperform
- FIS (FIS) upgraded by TD Cowen from Hold to Buy
- Norwegian Cruise Line (NCLH) upgraded by Loop Capital from Hold to Buy
- Ecolab (ECL) upgraded by Seaport Research from Neutral to Buy
Downgrades
- Prologis (PLD) downgraded by Wolfe Research from Outperform to Peer Perform
- Murphy Oil (MUR) downgraded by KeyBanc from Overweight to Sector Weight
- Warner Music (WMG) downgraded by Morgan Stanley from Overweight to Equal Weight
- Axcelis (ACLS) downgraded by B. Riley from Buy to Neutral
- CIBC (CM) downgraded by Jefferies from Buy to Hold
- National Bank of Canada (NTOIF) downgraded by Jefferies from Buy to Hold
- Global Payments (GPN) downgraded by TD Cowen from Buy to Hold
- Salesforce (CRM) downgraded by DA Davidson from Neutral to Underperform
- Infosys (INFY) downgraded by Goldman Sachs from Buy to Neutral
- Amazon.com (AMZN) downgraded by Raymond James from Strong Buy to Outperform
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