Upgrades
- OpenText (OTEX) upgraded by National Bank from Sector Perform to Outperform
- Flow Traders (FLTLF) upgraded by Oddo BHF from Neutral to Outperform
- Healthpeak (DOC) upgraded by Raymond James from Market Perform to Outperform
- Upbound Group (UPBD) upgraded by Loop Capital from Hold to Buy
- BP (BP) upgraded by BNP Paribas Exane from Neutral to Outperform
- CNX Resources (CNX) upgraded by Mizuho from Underperform to Neutral
- Union Pacific (UNP) upgraded by Citi from Neutral to Buy
- Valley National (VLY) upgraded by Citi from Neutral to Buy
- Alexandria Real Estate (ARE) upgraded by Evercore ISI from In Line to Outperform
- Essential Properties Realty Trust (EPRT) upgraded by Evercore ISI from In Line to Outperform
- CubeSmart (CUBE) upgraded by Evercore ISI from In Line to Outperform
- Columbia Banking (COLB) upgraded by Raymond James from Outperform to Strong Buy
Downgrades
- Tourmaline Bio (TRML) downgraded by BMO Capital from Outperform to Market Perform
- Healthcare Realty Trust (HR) downgraded by Raymond James to Underperform
- Under Armour (UAA) downgraded by Rothschild & Co Redburn from Buy to Neutral
- CVR Energy (CVI) downgraded by Mizuho from Neutral to Underperform
- Talos Energy (TALO) downgraded by Mizuho from Outperform to Neutral
- Puma (PUMSY) downgraded by Rothschild & Co Redburn from Buy to Neutral
- Prosperity Bancshares (PB) downgraded by Citi from Buy to Neutral
- NextDecade (NEXT) downgraded by TD Cowen from Buy to Hold
- Builders FirstSource (BLDR) downgraded by Wedbush from Outperform to Neutral
- Federal Realty (FRT) downgraded by Evercore ISI from Outperform to In Line
- Simon Property (SPG) downgraded by Evercore ISI to from Outperform In Line
- New Mountain Finance (NMFC) double downgraded by BofA to Underperform
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