Upgrades
- Valero (VLO) upgraded by Goldman Sachs from Sell to Neutral
- Airbus (ASAZY) upgraded by Kepler Cheuvreux from Hold to Buy
- BE Semiconductor (BESIY) upgraded by HSBC from Reduce to Hold
- Jack in the Box (JACK) upgraded by Stifel from Hold to Buy
- Aon plc (AON) upgraded by Piper Sandler from Neutral to Overweight
- Boeing (BA) upgraded by Bernstein from Market Perform to Outperform
- Evergy (EVRG) upgraded by UBS from Neutral to Buy
- Cognex (CGNX) upgraded by TD Cowen from Hold to Buy
- On Holding (ONON) upgraded by Citi from Neutral to Buy
- Peloton (PTON) upgraded by Truist from Hold to Buy
- Progressive (PGR) upgraded by BofA from Neutral to Buy
- Zscaler (ZS) upgraded by BNP Paribas Exane from Neutral to Outperform
Downgrades
- Biogen (BIIB) downgraded by HSBC from Buy to Hold
- Eli Lilly (LLY) downgraded by HSBC from Buy to Reduce
- Roche (RHHBY) downgraded by HSBC from Buy to Hold
- Atmos Energy (ATO) downgraded by Mizuho from Outperform to Neutral
- Conmed (CNMD) downgraded by Stifel from Buy to Hold
- Avantor (AVTR) downgraded by Stifel from Buy to Hold
- Eastman Chemical (EMN) downgraded by JPMorgan from Overweight to Neutral
- AP Moller Maersk (AMKBY) downgraded by Danske Bank from Hold to Sell
- Fluence Energy (FLNC) downgraded by HSBC from Buy to Hold
- Nagarro (NGRRF) downgraded by Oddo BHF from Outperform to Neutral
- Saia (SAIA) downgraded by BofA from Buy to Neutral
- Custom Truck One Source (CTOS) downgraded by Baird from Outperform to Neutral
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