Analysts Upgrade Intel, ON, Reddit; Downgrade Avis

Barclays downgrades Avis Budget (CAR) to Underweight, $150 target, citing valuation bubble and equity‑squeeze risks.
D.A. Davidson initiates Reddit (RDDT) coverage with Buy rating, $200 target, forecasting 15‑30% contract renewal growth and possible Anthropic settlement.
B. Riley upgrades ON Semiconductor (ON) to Buy, $115 target, noting $300 million legacy asset divestiture, high‑margin AI power portfolio and $6 billion buyback.
Evercore upgrades Intel (INTC) to Outperform, $111 target, emphasizing AI‑ready CPU demand, $17 billion debt reduction and 500‑bp margin expansion.