Upgrades
- Brown-Forman (BF.B) upgraded by BofA from Underperform to Neutral
- Porsche (POAHY) upgraded by UBS from Neutral to Buy
- W. R. Berkley (WRB) upgraded by Goldman Sachs from Neutral to Buy
- Avis Budget (CAR) upgraded by Barclays from Underweight to Equal Weight
- Crocs (CROX) upgraded by Baird from Neutral to Outperform
- Cummins (CMI) upgraded by UBS from Neutral to Buy
- Teleflex (TFX) upgraded by Piper Sandler from Neutral to Overweight
- Voya Financial (VOYA) upgraded by Raymond James from Market Perform to Strong Buy
- Kilroy Realty (KRC) upgraded by Evercore ISI from In Line to Outperform
- Biogen (BIIB) upgraded by Needham from Hold to Buy
- MGE Energy (MGEE) upgraded by Ladenburg from Neutral to Buy
- Cognizant (CTSH) upgraded by Wedbush from Neutral to Outperform
Downgrades
- Allstate (ALL) downgraded by Keefe Bruyette from Outperform to Market Perform
- Centerspace (CSR) downgraded by Piper Sandler from Overweight to Neutral
- Evonik (EVKIF) downgraded by Goldman Sachs from Buy to Neutral
- Arkema (ARKAY) downgraded by Goldman Sachs from Buy to Neutral
- Syensqo (SHBBF) downgraded by Goldman Sachs from Buy to Sell
- National Grid (NGG) downgraded by Deutsche Bank from Buy to Hold
- Japan Aviation Electronics (JPAVF) downgraded by Goldman Sachs from Neutral to Sell
- Blackstone Secured Lending (BXSL) downgraded by Keefe Bruyette to Market Perform
- W. R. Berkley (WRB) downgraded by Wells Fargo from Equal Weight to Underweight
- Ryan Specialty (RYAN) downgraded by Goldman Sachs from Buy to Neutral
- Partners Group (PGPHF) downgraded by Oddo BHF from Outperform to Neutral
- ADC Therapeutics (ADCT) downgraded by H.C. Wainwright from Buy to Neutral
- Champion Iron (CIAFF) downgraded by BMO Capital from Outperform to Market Perform
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