Stocks were lower on Tuesday after Monday’s rally. Investors are still proving almost daily that they want to buy stocks on any pullbacks or any time a new opportunity arises. 24/7 Wall St. reviews dozens of analyst research reports each day of the week. Some of these analyst reports cover stocks to buy, while other calls cover stocks to sell or avoid.
These are this Tuesday’s top analyst upgrades, downgrades and initiations.
Activision Blizzard Inc. (NASDAQ: ATVI) was maintained as Buy with a price target of $33.00 at Jefferies. This is after the video game maker announced plans to acquire Candy Crush developer King Digital Entertainment PLC (NYSE: KING) for $5.9 billion.
Applied Micro Circuits Corp. (NASDAQ: AMCC) was reiterated as Buy with a $10 price target at Canaccord Genuity.
Allegiant Travel Co. (NASDAQ: ALGT) was started as Neutral with a $228.00 price target (versus a $195.35 close) at Credit Suisse.
Altria Group Inc. (NYSE: MO) was downgraded to Sector Perform from Outperform but the price target was raised to $62 from $60 (versus a $60.50 close) at RBC Capital Markets.
CEVA Inc. (NASDAQ: CEVA) was reiterated as Buy and the price target was raised to $28 from $26 at Canaccord Genuity. Oppenheimer raised its price target to $25 from $21 as well.
CONSOL Energy Inc. (NYSE: CNX) was downgraded to Sell from Hold at Deutsche Bank.
Constant Contact Inc. (NASDAQ: CTCT) was downgraded to Hold from Buy at Canaccord Genuity. Roth Capital downgraded it to Neutral from Buy.
Diamond Offshore Drilling Inc. (NYSE: DO) was raised to Hold from Sell with a $23 price target at Evercore ISI.
Enbridge Energy Partners L.P. (NYSE: EEP) was downgraded to Neutral from Outperform, but still with a $39 price target (versus a $28.58 close), at Credit Suisse.
Guidance Software Inc. (NASDAQ: GUID) was raised to Buy from Hold at Benchmark.