BROKER MOVES: INTC sees a couple of upgrades; XYL downgraded at UBS

Upgrades:

Arrowhead Pharmaceuticals (ARWR) Upgraded from Equalweight to Overweight at Morgan Stanley; PT USD 100
Ball (BALL) Upgraded from Market Perform to Outperform at Raymond James; PT USD 73
Colgate-Palmolive (CL) Upgraded from Neutral to Buy at Rothschild Redburn; PT USD 100
Intel (INTC) Upgraded from Hold to Buy at HSBC; PT USD 95
Intel (INTC) Upgraded from Underperform to Neutral at BNP Paribas; PT USD 60
Kforce (KFRC) Upgraded from Market Perform to Outperform at William Blair
Ramaco Resources (METC) Upgraded from Sell to Neutral at Goldman Sachs; PT USD 15.00
Robert Half (RHI) Upgraded from Market Perform to Outperform at William Blair

Downgrades:

Capital City Bank Group (CCBG) Downgraded from Buy to Neutral at Brean Capital
Exxon (XOM) Downgraded from Outperform to Peerperform at Wolfe Research
Graphic Packaging (GPK) Downgraded from Market Perform to Underperform at Raymond James
Passage Bio (PASG) Downgraded from Buy to Neutral at Chardan; PT USD 7
Passage Bio (PASG) Downgraded from Outperform to Neutral at Wedbush; PT USD 8
Spotify (SPOT) Downgraded from Buy to Accumulate at IndeRes; PT USD 595
TopBuild (BLD) Downgraded from Overweight to Neutral at JPMorgan; PT USD 496
Valero Energy (VLO) Downgraded from Peerperform to Underperform at Wolfe Research; PT USD 203
Xylem (XYL) Downgraded from Buy to Neutral at UBS; PT USD 132

Initiations:

Ambiq Micro (AMBQ) Initiated at Outperform at Northland; PT USD 44
Astera Labs (ALAB) Initiated at Neutral at UBS; PT USD 180
CAVA Group (CAVA) Initiated at Sell at Northcoast; PT USD 63
Circle (CRCL) Initiated at Hold at Freedom Capital Markets; PT USD 120
Custom Truck One Source (CTOS) Initiated at Overweight at Cantor Fitzgerald; PT USD 11
Dynatrace (DT) Initiated at Buy at Goldman Sachs; PT USD 45
Elastic (ESTC) Initiated at Neutral at Goldman Sachs; PT USD 50
First Tracks Biotherapeutics (TRAX) Initiated at Buy at UBS; PT USD 45
Medicus Pharma (MDCX) Initiated at Buy at Roth/MKM; PT USD 9
Palo Alto (PANW) Initiated at Buy at Berenberg; PT USD 215
Reddit (RDDT) Initiated at Buy at DA Davidson; PT USD 200
Strive Asset Management (ASST) Initiated at Buy at HC Wainwright; PT USD 36
Surrozen (SRZN) Initiated at Buy at TD Cowen
Versigent (VGNT) Initiated at Outperform at Evercore ISI; PT USD 55