Top Analyst Upgrades and Downgrades: AK Steel, Alcoa, EA, Intel, IBM, Sony, Tyco, Wells Fargo and More

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Stocks were looking for direction on Tuesday morning. Investors keep proving each day that they are willing to buy stocks that are discounted or that are overlooked. 24/7 Wall St. reviews dozens of analyst research reports from brokerage firms each morning to hunt for new trading and investment ideas. Some analyst reports are about stocks to buy, and some of them cover stocks to sell or avoid.

These are this Tuesday’s top analyst upgrades, downgrades and initiations.

AK Steel Holding Corp. (NYSE: AKS) was started as Market Perform at BMO Capital Markets.

Alcoa Inc. (NYSE: AA) was started as Market Perform at BMO Capital Markets.

Intel Corp. (NASDAQ: INTC) was reiterated as Outperform with a $40 price target at Credit Suisse ahead of its analyst day, with a call that it has $4 in earnings per share power. Bank of America Merrill Lynch also reiterated its Buy rating and $43 price objective.

International Business Machines Corp. (NYSE: IBM) was reiterated as Underperform with a $125 price target at Credit Suisse as five fundamental concerns remain in place.

Wells Fargo & Co. (NYSE: WFC) was downgraded to Market Perform from Outperform at BMO Capital Markets.