24/7 Wall St.

After a rather tepid start to the trading week, the futures have turned decidedly lower as Wall Street eyes a second day of selling around the world, especially in Europe. It’s probably no surprise to see some selling after a six-week rally that moved the major indexes back to plus territory, and with earnings season set to start in earnest next week.

24/7 Wall St. reviews dozens of analyst research reports each morning to find new trading and investing ideas for its readers. Some analyst calls cover stocks to buy, while others cover stocks to sell or avoid.

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

AT&T Inc. (NYSE: T) was started at Outperform at Macquarie. The consensus price target for the stock is $38.41. Shares closed above that level on Monday at $39.36.

Alaska Air Group Inc. (NYSE: ALK) was raised to Neutral from Underperform at Merrill Lynch. The 52-week price range for the company, which just announced the purchase of Virgin Airlines, is $58.15 to $87.17. The stock closed Monday at $78.92, down 3.77% for the day.

Capital One Financial Corp. (NYSE: COF) was downgraded to Underperform from Perform at Oppenheimer. The stock has traded within a 52-week range of $58.49 to $92.10 and closed Monday at $69.83

24/7 Wall St.
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