UPGRADES
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Tractor Supply | TSCO | DA Davidson | Neutral>>Buy | $250>>$280 |
| Essential Utilities | WTRG | Northcoast | Neutral>>Buy | $42 |
| Huntington Ingalls | HII | JP Morgan | Neutral>>Overweight | $250>>$247 |
| DigitalBridge | DBRG | JP Morgan | Neutral>>Overweight | $19>>$25 |
| Redfin | RDFN | DA Davidson | Underperform>>Neutral | $8.5>>$8 |
| Severn Trent | SVTRF | Barclays | Equal Weight>>Overweight | |
| MTU Aero Engines | MTUAY | UBS | Neutral>>Buy | |
| Bionomics Limited | BNOX | H.C. Wainwright | Neutral>>Buy | $8 |
DOWNGRADE
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Agora | API | Morgan Stanley | Overweight>>Equal-Weight | $4.6>>$3.2 |
| NextEra Energy Partners | NEP | JP Morgan | Overweight>>Neutral | $69>>$40 |
| NextEra Energy Partners | NEP | Oppenheimer | Outperform>>Perform | |
| Oshkosh | OSK | KeyBanc Capital Markets | Overweight>>Sector Weight | |
| Engie SA | ENGIY | Barclays | Overweight>>Equal Weight | |
| United Utilities Group | UUGRY | Barclays | Overweight>>Equal Weight | |
| Safran SA | SAFRY | UBS | Buy>>Neutral | |
| H&M | HNNMY | Deutsche Bank | Buy>>Hold | |
| H&M | HNNMY | JP Morgan | Overweight>>Neutral | |
| Terex | TEX | KeyBanc Capital Markets | Overweight>>Sector Weight | |
| Spotify | SPOT | Monness Crespi & Hardt | Buy>>Neutral | |
| Crew Energy | CWEGF | TD Securities | Buy>>Hold | |
| Kelt Exploration | KELTF | TD Securities | Buy>>Hold | |
| North American Construction Group | NOA | TD Securities | Buy>>Hold | |
| Suncor Energy | SU | TD Securities | Buy>>Hold | |
| Trican Well Service | TOLWF | TD Securities | Buy>>Hold |
NEW COVERAGE
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Flywire | FLYW | BTIG Research | Buy | $37,00 |
| Transdigm Group | TDG | Deutsche Bank | Buy | $1.001,00 |
| Spirit Aerosystems | SPR | Deutsche Bank | Hold | $16 |
| Boeing | BA | Deutsche Bank | Hold | $204,00 |
| BWX Technologies | BWXT | Deutsche Bank | Buy | $86,00 |
| Crane | CR | Deutsche Bank | Buy | $118 |
| General Dynamics | GD | Deutsche Bank | Buy | $271 |
| General Electric | GE | Deutsche Bank | Buy | $141 |
| HEICO | HEI | Deutsche Bank | Buy | $192 |
| Hexcel | HXL | Deutsche Bank | Hold | $70 |
| L3Harris | LHX | Deutsche Bank | Hold | $192 |
| Lockheed Martin | LMT | Deutsche Bank | Hold | $435,00 |
| Northrop Grumman | NOC | Deutsche Bank | Buy | $502,00 |
| RTX | RTX | Deutsche Bank | Sell | $70 |
| Woodward | WWD | Deutsche Bank | Buy | $152,00 |
| Agilent | A | Bernstein | Mkt Perform | $123,00 |
| Avantor | AVTR | Bernstein | Mkt Perform | $22 |
| Exact Sciences | EXAS | Bernstein | Outperform | $83,00 |
| Guardant Health | GH | Bernstein | Outperform | $34,00 |
| Illumina | ILMN | Bernstein | Underperform | $111 |
| Natera | NTRA | Bernstein | Mkt Perform | $48,00 |
| Waters | WAT | Bernstein | Mkt Perform | $280,00 |
| Pacific Biosciences | PACB | Bernstein | Outperform | $11 |
| Thermo Fisher | TMO | Bernstein | Outperform | $603,00 |
| Howmet Aerospace | HWM | Deutsche Bank | Buy | $59,00 |
| Huntington Ingalls | HII | Deutsche Bank | Hold | $217 |
| Apple Hospitality REIT | APLE | Wolfe Research | Peer Perform | |
| Pebblebrook Hotel Trust | PEB | Wolfe Research | Peer Perform | |
| Park Hotels & Resorts | PK | Wolfe Research | Outperform | $16 |
| Ryman Hospitality | RHP | Wolfe Research | Outperform | $98,00 |
| Sunstone Hotel | SHO | Wolfe Research | Peer Perform | |
| Revvity | RVTY | Bernstein | Outperform | $133 |
| The Trade Desk | TTD | UBS | Buy | $100,00 |
| Unity Software | U | UBS | Neutral | $38,00 |
| Duolingo | DUOL | UBS | Buy | $195,00 |
| JFrog | FROG | Scotiabank | Sector Perform | $29,00 |
| First Horizon | FHN | UBS | Neutral | $12,00 |
| Ironwood Pharma | IRWD | JMP Securities | Mkt Outperform | $22,00 |
| Infinera | INFN | Stifel | Buy | $7,00 |
| Prosperity Bancshares | PB | UBS | Buy | $64,00 |
| National Grid | NGG | Barclays | Overweight | |
| BioMarin Pharmaceutical | BMRN | Raymond James | Mkt Perform | |
| Avid Bioservices | CDMO | William Blair | Mkt Perform | |
| Cerevel Therapeutics | CERE | Piper Sandler | Overweight | $33,00 |
| Ciena | CIEN | Stifel | Buy | $62,00 |
| Ensign Group | ENSG | Berenberg | Buy | $110,00 |
| LTC Properties | LTC | Berenberg | Buy | $36,00 |
| National Health | NHI | Berenberg | Hold | $54,00 |
| TETRA Tech | TTI | The Benchmark Company | Buy | $8,00 |
| Teradata | TDC | Evercore ISI | Outperform | $65,00 |
| Host Hotels | HST | Wolfe Research | Outperform | $22,00 |
| Dianthus Therapeutics | DNTH | Raymond James | Outperform | $24,00 |