Intel downgraded, Tesla upgraded: Wall Street's top analyst calls

Upgrades - Berenberg upgraded Stellantis (STLA) to Buy from Hold with a price target of $11.20, citing an improving share narrative due to better inventory in the U.S. and a supportive product pipeline [2] - BTIG upgraded Fiverr (FVRR) to Buy from Neutral with a price target of $31, indicating a 23% upside, following a restructuring that reduces headcount by 30% and generates $30 million in cost savings [3] - Truist upgraded Bill (BILL) to Buy from Hold with a price target of $63, increased from $50, suggesting a bullish outlook on Bill shares [3] - Benchmark upgraded Intel (INTC) to Buy from Hold with a price target of $43, believing Nvidia's stake represents a significant fundamental tipping point for Intel's long-term competitive positioning [4] - Baird upgraded Tesla (TSLA) to Outperform from Neutral with a price target of $548, up from $320, despite expected declines in car volumes in 2025, as Tesla is viewed as a leader in physical artificial intelligence [5] Downgrades - Citi downgraded Intel (INTC) to Sell from Neutral with a price target of $29, up from $24, arguing that the stock has rallied 50% based on expectations of a foundry deal that Citi believes has minimal chances of success [6] - BMO Capital downgraded UPS (UPS) to Market Perform from Outperform with a price target of $96, down from $125, due to a lack of recovery in demand in the business-to-business segment amid macro challenges [6] - Piper Sandler downgraded MetLife (MET) to Neutral from Overweight with an unchanged price target of $84, as shares are nearing fair value [6] - JPMorgan downgraded Replimune (REPL) to Underweight from Neutral without a price target, citing an unclear and potentially challenging regulatory path for RP1 [6] - Wells Fargo downgraded Hess Midstream LP (HESM) to Equal Weight from Overweight with a price target of $39, down from $48, due to Chevron's decision affecting Hess Midstream's EBITDA growth and capital return [6]