It is Tuesday and the markets have hit yet another high. 24/7 Wall St. has seen many new analyst research calls this morning, much more than the normal day. Investors keep seeing new market highs, but the media keeps telling them that this has evolved into a stock picker’s market rather than a raging bull market. We review dozens of analyst research reports each morning of the week, with a goal of finding new ideas and hidden gems for our readers. Some of the analyst reports are about stocks to buy, but some of them cover stocks to sell or to avoid.

These are this Tuesday’s top Wall Street analyst upgrades, downgrades and initiations. Again, there are many more calls than normal.

Advanced Micro Devices Inc. (NYSE: AMD) was started as Outperform with a $5 price target (versus a $4.07 close) at Imperial Capital. Canaccord Genuity also resumed coverage as Buy with a $5 price target, saying that the earnings recovery is being driven by diversified growth with a focus on operating margins.

Alcatel-Lucent S.A. (NYSE: ALU) was raised to Neutral from Underweight at HSBC.

American Airlines Group Inc. (NASDAQ: AAL) was reiterated as Buy and the price target was raised to $50 (versus a $43.59 close) by Goldman Sachs.

Applied Micro Circuits Corp. (NASDAQ: AMCC) was started as Buy with a $16 price target (versus a $10.21 close) at Canaccord Genuity. The firm said that the server market niche for X-Gene is large enough to double revenue for the company.

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ARM Holdings PLC (NASDAQ: ARMH) was reiterated as Buy with a $60 price target (versus a $45.59 close) at Canaccord Genuity. The firm says that the server royalty opportunity is still nascent, but it is undervalued and gaining momentum.

Broadcom Corp. (NASDAQ: BRCM) was resumed with a Buy rating and $42 price target at Canaccord Genuity. The firm believes that the baseband exit removes a profitability drain and increases investment for growth businesses.