Investing

Top Analyst Upgrades and Downgrades: Altria, CEVA, CONSOL Energy, Enbridge, NVIDIA, UBS, Visa and More

Thinkstock

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.

ALSO READ: Are Microsoft, Intel and Boeing the Best Dow Stocks After Earnings?

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.

Gulfport Energy Corp. (NASDAQ: GPOR) was reinstated as Buy with $38 price target (versus a $30.33 close) at Jefferies, although the call said it will not be without speed bumps.

Jarden Corp. (NYSE: JAH) was added to the Top Pick list after having been rated as Outperform by RBC Capital Markets.

MedAssets Inc. (NASDAQ: MDAS) was downgraded to Market Perform from Outperform at Wells Fargo. Jefferies downgraded it to Hold from Buy.

NVIDIA Corp. (NASDAQ: NVDA) was downgraded to Hold from Buy at Needham.

ALSO READ: 5 Energy Stocks Analysts Say to Buy Now

Reynolds American Inc. (NYSE: RAI) was downgraded to Outperform from being a Top Pick at RBC Capital Markets.

RingCentral Inc. (NYSE: RNG) was reiterated as Buy with a $23 price target (versus a $19.35 close) at Canaccord Genuity. Oppenheimer reiterated RingCentral with an Outperform rating and raised its price target to $25 from $23.

Ryanair Holdings PLC (NASDAQ: RYAAY) was raised to Outperform from Market Perform at Raymond James.

State Auto Financial (NASDAQ: STFC) was maintained as Buy at Janney Capital Markets.

T2 Biosystems Inc. (NASDAQ: TTOO) was reiterated as Buy with a fair value estimate of $21.00 (versus an $11.48 close) at Jefferies.

UBS Group A.G. (NYSE: UBS) was downgrade to Underperform, all the way from Buy, at Bank of America Merrill Lynch.

Visa Inc. (NYSE: V) was reiterated as Outperform and the price target was raised to $91 from $82 at RBC Capital Markets. Credit Suisse reiterated its Outperform rating and raised its price target to $85 from $82. Argus reiterated its Buy rating and its $83 price target.

If you missed Monday’s top analyst upgrades and downgrades, they were in shares of Activision Blizzard, American Tower, Calpine, Chevron, MGM, Phillips 66, Pure Storage and over a dozen more companies.

ALSO READ: Why Credit Suisse Loves Refinery Stocks Now

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.