Top Analyst Upgrades & Downgrades (ANF, ALTR, AIG, APA, CIEN, EXPE, LAZ, LDK, MDC, NSM, NVDA, QCOM, URBN, VRTX)

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning.

Abercrombie & Fitch Co. (NYSE: ANF) Raised to Buy at BofA/ML.
Altera Corporation (NASDAQ: ALTR) Reiterated Buy but raised target to $52.50 at Gleacher & Co.

American International Group Inc. (NYSE: AIG) Raised to Outperform as Bull of the Day at Zacks Investment Research.
Apache Corporation (NYSE: APA) Raised to Hold at Argus.
CIENA Corporation (NASDAQ: CIEN) Raised to Neutral at JPMorgan.
Expedia Inc. (NASDAQ: EXPE) Raised to Buy at Citigroup.
Lazard Ltd. (NYSE: LAZ) Reiterated Buy at Argus.
LDK Solar Co., Ltd. (NYSE: LDK) Cut to Sell at Collins Stewart.
MDC Holdings Inc. (NYSE: MDC) Raised to Hold at Credit Suisse.
National Semiconductor (NYSE: NSM) Reiterated Buy with $18 target at Gleacher & Co.
NVIDIA Corporation (NASDAQ: NVDA) Raised to Neutral at JPMorgan.
QUALCOMM Incorporated (NASDAQ: QCOM) Cut to Market Perform at BMO.
Urban Outfitters Inc. (NASDAQ: URBN) Cut to Neutral at SunTrust.
Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) Cut to Market Perform at BMO.

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JON C. OGG