Upgrades
- Madrigal Pharmaceuticals (MDGL) upgraded by Cantor Fitzgerald from Neutral to Overweight
- Capital Southwest (CSWC) upgraded by Clear Street from Hold to Buy
- Thomson Reuters (TRI) upgraded by Canaccord from Hold to Buy
- Federal Agricultural Mortgage (AGM) upgraded by Keefe Bruyette to Outperform
- Mosaic (MOS) upgraded by RBC Capital from Sector Perform to Outperform
- Boise Cascade (BCC) upgraded by BMO Capital from Market Perform to Outperform
- O’Reilly Automotive (ORLY) upgraded by Raymond James from Market Perform to Outperform
- American Water (AWK) upgraded by Jefferies from Underperform to Hold
- Yum! Brands (YUM) upgraded by Evercore ISI from In Line to Outperform
- Super Micro (SMCI) upgraded by KGI Securities from Neutral to Outperform
- Cloudflare (NET) upgraded by DZ Bank from Sell to Hold
- Kirby (KEX) upgraded by Citi from Neutral to Buy
- Welltower (WELL) upgraded by Evercore ISI from In Line to Outperform
Downgrades
- Archer Daniels (ADM) downgraded by JPMorgan from Neutral to Underweight
- Aurinia (AUPH) downgraded by RBC Capital from Outperform to Sector Perform
- Trex Company (TREX) downgraded by William Blair from Outperform to Market Perform
- Energy Fuels (UUUU) downgraded by Roth Capital from Neutral to Sell
- Shaftesbury Capital (CCPPF) downgraded by Berenberg from Buy to Hold
- Rapid7 (RPD) downgraded by Jefferies from Buy to Hold
- UL Solutions (ULS) downgraded by JPMorgan from Overweight to Neutral
- Trex Company (TREX) downgraded by Deutsche Bank from Buy to Hold
- Southern Company (SO) downgraded by Jefferies from Buy to Hold
- Grocery Outlet (GO) downgraded by Telsey Advisory from Outperform to Market Perform
- Fiserv (FI) downgraded by BNP Paribas Exane from Outperform to Neutral
- Nintendo (NTDOY) downgraded by Wolfe Research from Peer Perform to Underperform
- Trex Company (TREX) downgraded by BofA from Buy to Underperform
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