Top Analyst Upgrades and Downgrades (ATVI, ALGN, ARUN, C, FITB, GG, KBH, KGC, LEN, NYX, PAAS, PNC, SIRI, TRV, WFC, XL)

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These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Tuesday.

Activision Blizzard Inc. (NASDAQ: ATVI) named value stock of the day at Zacks.

Align Technology Inc. (NASDAQ: ALGN) named Bull of the Day at Zacks.

Aruba Networks Inc. (NASDAQ: ARUN) started as Outperform at Wells Fargo.

Citigroup Inc. (NYSE: C) raised to Buy with $44 target at KBW.

Fifth Third Bancorp (NASDAQ: FITB) cut to Market Perform at Wells Fargo.

Goldcorp Inc. (NYSE: GG) cut to Hold at Deutsche Bank.

KB Home (NYSE: KBH) cut to Sell at Citigroup.

Kinross Gold Corp. (NYSE: KGC) raised to Outperform with $14 target at RBC Capital.

Lennar Corp. (NYSE: LEN) raised to Neutral at Citigroup.

NYSE Euronext Inc. (NYSE: NYX) named Bear of the Day at Zacks.

Pan American Silver Corp. (NASDAQ: PAAS) raised to Buy with $26 target at Deutsche Bank.

PNC Financial Services Group Inc. (NYSE: PNC) raised to Buy at Deutsche Bank.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) started as Buy with $3.75 target at BofA/ML and reiterated Buy with $3 target at Citigroup.

The Travelers Companies Inc. (NYSE: TRV) maintained Buy but removed from Conviction Buy List at Goldman Sachs.

Wells Fargo & Co. (NYSE: WFC) cut to Hold at Deutsche Bank.

XL Group PLC (NYSE: XL) raised to Neutral at Goldman Sachs.

JON C. OGG