| UPGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Afya | AFYA | Morgan Stanley | Equal-Weight>>Overweight | $16.5>>$20.5 |
| MorphoSys | MOR | Morgan Stanley | Underweight>>Overweight | $3.7>>$9.2 |
| Kilroy Realty | KRC | Jefferies | Hold>>Buy | $34>>$35 |
| Hecla Mining | HL | ROTH MKM | Neutral>>Buy | $4>>$4.4 |
| Varonis Systems | VRNS | Barclays | Equal Weight>>Overweight | $35>>$37 |
| SolarEdge Technologies | SEDG | Northland Capital | Market Perform>>Outperform | $147 |
| Oshkosh | OSK | Citigroup | Neutral>>Buy | $110>>$115 |
| Mister Car Wash | MCW | Robert W. Baird | Neutral>>Outperform | $10 |
| Immunovant Sciences | IMVT | UBS | Neutral>>Buy | $18>>$55 |
| Dollar General | DG | Gordon Haskett | Hold>>Buy | $140 |
| Petrobras | PBR | HSBC Securities | Hold>>Buy | |
| Applied Materials | AMAT | Needham | Hold>>Buy | $180 |
| Lam Research | LRCX | Needham | Hold>>Buy | $800 |
| British Land | BTLCY | Exane BNP Paribas | Neutral>>Outperform | |
| Deliveroo plc | DROOF | JP Morgan | Underweight>>Neutral | |
| South32 | SOUHY | Barclays | Underweight>>Overweight | |
| Swiss Re | SSREY | Berenberg | Hold>>Buy | |
| Subsea 7 SA | SUBCY | Jefferies | Underperform>>Buy | |
| Progressive | PGR | Piper Sandler | Neutral>>Overweight | 186 |
| Dollar General | DG | HSBC Securities | Reduce>>Hold | |
| | | | |
| DOWNGRADES | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| Eversource Energy | ES | Guggenheim | Buy>>Neutral | $60 |
| InMode | INMD | Canaccord Genuity | Buy>>Hold | $55>>$22 |
| Netflix | NFLX | Wolfe Research | Outperform>>Peer Perform | |
| Tractor Supply | TSCO | Oppenheimer | Outperform>>Perform | $280>>$210 |
| TechnipFMC | FTI | Jefferies | Buy>>Hold | $18>>$22 |
| Fortinet | FTNT | Barclays | Overweight>>Equal Weight | $71>>$63 |
| Arcutis Biotherapeutics | ARQT | Goldman | Buy>>Neutral | $32>>$6 |
| JD.com | JD | Morgan Stanley | Overweight>>Equal-Weight | $55>>$33 |
| JD.com | JD | Macquarie | Outperform>>Neutral | $52>>$32 |
| Klpierre SA | KLPEF | HSBC Securities | Buy>>Hold | |
| Belden | BDC | Fox Advisors | Overweight>>Equal Weight | |
| Outset Medical | OM | BofA Securities | Buy>>Underperform | $32>>$3 |
| Darling Ingredients | DAR | Tudor, Pickering, Holt & Co. | Buy>>Hold | |
| | | | |
| NEW COVERAGE | | | | |
| COMPANY | TICKER | BROKERAGE FIRM | RATINGS CHANGE | PRICE TARGET |
| American Tower | AMT | Scotiabank | Sector Outperform | $208 |
| Crown Castle | CCI | Scotiabank | Sector Perform | $110 |
| Equinix | EQIX | Scotiabank | Sector Outperform | $856,00 |
| Ovid Therapeutics | OVID | Oppenheimer | Outperform | $8 |
| Veeva Systems | VEEV | Jefferies | Buy | $265 |
| Groupon | GRPN | ROTH MKM | Buy | $30 |
| American Express | AXP | HSBC Securities | Buy | $181 |
| Capital One | COF | HSBC Securities | Reduce | $84 |
| Discover Financial Services | DFS | HSBC Securities | Buy | $104 |
| Mastercard | MA | HSBC Securities | Hold | $424 |
| PayPal | PYPL | HSBC Securities | Buy | $69 |
| Block | SQ | HSBC Securities | Hold | $46 |
| Synchrony Financial | SYF | HSBC Securities | Hold | $32,00 |
| Visa | V | HSBC Securities | Hold | $266,00 |
| Xponential Fitness | XPOF | Stifel | Hold | $18 |
| Smith & Nephew | SNN | Stifel | Hold | |
| TreeHouse Foods | THS | Stephens | Equal-Weight | $48,00 |
| Post | POST | JP Morgan | Overweight | $100,00 |
| Medifast | MED | Stephens | Equal-Weight | $82,00 |
| Lancaster Colony | LANC | Stephens | Overweight | $205,00 |
| Hershey Foods | HSY | Stephens | Overweight | $240,00 |
| Campbell Soup | CPB | Stephens | Overweight | $50 |
| Digital Realty Trust | DLR | Scotiabank | Sector Perform | $132 |
| Centrus Energy | LEU | B. Riley Securities | Buy | $72 |
| NuScale Power | SMR | B. Riley Securities | Buy | $12,00 |
| Middlefield Banc | MBCN | Hovde Group | Market Perform | $29,00 |
| Scilex Holding | SCLX | B. Riley Securities | Buy | $4 |
