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...