I've dealt with this many times in the past, for example a mutual fund is renamed.

Updating to the new name and symbol was done using Security Editor. I just checked for a random stock, and I can change the Full Name, Symbol/abbreviation, Display symbol, etc. Changing these updates any accounts that reference the stock, as far as the Security/currency of the account is concerned.

The only other thing I had to do was rename each account uses the pertinent security. Not necessary for things to remain functional, but I like the name of the account to match the security.
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