Upgrades
- AES Corp. (AES) upgraded by Jefferies from Underperform to Hold
- Regency Centers (REG) upgraded by Barclays from Equal Weight to Overweight
- Solaria Energia (SEYMF) upgraded by Goldman Sachs from Neutral to Buy
- Lynas Rare Earths (LYSCF) upgraded by Goldman Sachs from Neutral to Buy
- Deckers Outdoor (DECK) upgraded by Stifel from Hold to Buy
- Alphabet (GOOGGL,GOOG) upgraded by Loop Capital from Hold to Buy
- One Gas (OGS) upgraded by UBS from Sell to Neutral
- Kilroy Realty (KRC) upgraded by BMO Capital from Underperform to Market Perform
- Pennant Group (PNTG) upgraded by Wells Fargo from Equal Weight to Overweight
- XPeng (XPEV) upgraded by Daiwa from Hold to Buy
- Illinois Tool Works (ITW) upgraded by BofA from Underperform to Neutral
- Legence (LGN) upgraded by Jefferies from Hold to Buy
Downgrades
- Federal Realty (FRT) downgraded by Barclays from Overweight to Equal Weight
- Fraport (FPRUY) downgraded by Goldman Sachs from Buy to Hold
- D Market Elektronik (HEPS) downgraded by JPMorgan from Overweight to Neutral
- Gauzy (GAUZ) downgraded by B. Riley from Buy to Neutral
- Auna (AUNA) downgraded by JPMorgan from Overweight to Neutral
- Amazon.com (AMZN) downgraded by Rothschild & Co Redburn from Buy to Neutral
- Microsoft (MSFT) downgraded by Rothschild & Co Redburn from Buy to Neutral
- Telus (TU) downgraded by JPMorgan from Neutral to Underweight
- VICI Properties (VICI) downgraded by Wells Fargo from Overweight to Equal Weight
- Murphy Oil (MUR) downgraded by Piper Sandler from Overweight to Neutral
- Honeywell (HON) downgraded by BofA from Buy to Underperform
- Civitas Resources (CIVI) downgraded by Piper Sandler
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