Upgrades
- Cemex (CX) upgraded by Morgan Stanley from Equal Weight to Overweight
- Croda (COIHY) upgraded by Goldman Sachs from Sell to Buy
- APA Corp. (APA) upgraded by Barclays from Underweight to Equal Weight
- Valvoline (VVV) upgraded by Stifel from Hold to Buy
- Venture Global (VG) upgraded by Morgan Stanley from Underweight to Overweight
- Brookfield Infrastructure Partners (BIP) upgraded by Morgan Stanley to Overweight
- MoonLake (MLTX) upgraded by Wolfe Research from Underperform to Outperform
- Celldex (CLDX) upgraded by Wolfe Research from Peer Perform to Outperform
- Cheniere Energy (LNG) upgraded by Morgan Stanley from Equal Weight to Overweight
- AeroVironment (AVAV) upgraded by Raymond James from Underperform to Market Perform
- Colony Bankcorp (CBAN) upgraded by Brean Capital from Neutral to Buy
Downgrades
- XPeng (XPEV) downgraded by Macquarie from Outperform to Neutral
- National Grid (NGG) downgraded by Goldman Sachs from Buy to Neutral
- Odfjell Drilling (ODFJF) downgraded by DNB Carnegie from Buy to Hold
- PG&E (PCG) downgraded by Jefferies from Buy to Hold
- Wizz Air (WZZZY) downgraded by Rothschild & Co Redburn from Neutral to Sell
- easyJet (ESYJY) downgraded by Rothschild & Co Redburn from Buy to Neutral
- Brookfield Infrastructure (BIPC) downgraded by Morgan Stanley to Underweight
- bdowngraded by Morgan Stanley to Underweight
- Thomson Reuters (TRI) downgraded by Wells Fargo from Overweight to Equal Weight
- Crown Castle (CCI) downgraded by Wells Fargo from Overweight to Equal Weight
- Zimmer Biomet (ZBH) downgraded by BTIG from Buy to Neutral
- Super Micro (SMCI) downgraded by Northland from Outperform to Market Perform
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