Upgrades
- Ternium (TX) upgraded by Bradesco BBI from Neutral to Outperform
- Packaging Corp. (PKG) upgraded by UBS from Neutral to Buy
- Etsy (ETSY) upgraded by Arete from Neutral to Buy
- SM Energy (SM) upgraded by Raymond James from Underperform to Outperform
- C.H. Robinson (CHRW) upgraded by Jefferies from Hold to Buy
- Bayer (BAYRY) upgraded by DZ Bank from Hold to Buy
- California Resources (CRC) upgraded by Citi from Neutral to Buy
- Ovintiv (OVV) upgraded by Citi from Neutral to Buy
- Elevance Health (ELV) upgraded by Deutsche Bank from Hold to Buy
- Centene (CNC) upgraded by Deutsche Bank from Hold to Buy
- Humana (HUM) upgraded by Deutsche Bank from Hold to Buy
- Franco-Nevada (FNV) upgraded by TD Securities from Hold to Buy
Downgrades
- Akbank (AKBTY) downgraded by Goldman Sachs from Buy to Neutral
- Lanxess (LNXSF) downgraded by Jefferies from Hold to Underperform
- Phreesia (PHR) downgraded by Wells Fargo from Overweight to Equal Weight
- AT&S Austria Technologie (ASAAF) downgraded by Erste Group from Buy to Hold
- TP ICAP Group (TCAPF) downgraded by Investec from Buy to Hold
- Northern Oil (NOG) and Gas downgraded by Johnson Rice from Accumulate to Hold
- Cigna (CI) downgraded by Deutsche Bank from Buy to Hold
- Fluidra (FLUIF) downgraded by Barclays from Overweight to Equal Weight
- Crown Castle (CCI) downgraded by Wolfe Research from Outperform to Peer Perform
- Newell Brands (NWL) downgraded by Morgan Stanley from Equal Weight to Underweight
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