Top Analyst Upgrades and Downgrades (ATVI, ALGN, ARUN, C, FITB, GG, KBH, KGC, LEN, NYX, PAAS, PNC, SIRI, TRV, WFC, XL)

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

Activision Blizzard Inc. (NASDAQ: ATVI) named value stock of the day at Zacks.

Align Technology Inc. (NASDAQ: ALGN) named Bull of the Day at Zacks.

Aruba Networks Inc. (NASDAQ: ARUN) started as Outperform at Wells Fargo.

Citigroup Inc. (NYSE: C) raised to Buy with $44 target at KBW.

Fifth Third Bancorp (NASDAQ: FITB) cut to Market Perform at Wells Fargo.

Goldcorp Inc. (NYSE: GG) cut to Hold at Deutsche Bank.

KB Home (NYSE: KBH) cut to Sell at Citigroup.

Kinross Gold Corp. (NYSE: KGC) raised to Outperform with $14 target at RBC Capital.

Lennar Corp. (NYSE: LEN) raised to Neutral at Citigroup.

NYSE Euronext Inc. (NYSE: NYX) named Bear of the Day at Zacks.

Pan American Silver Corp. (NASDAQ: PAAS) raised to Buy with $26 target at Deutsche Bank.

PNC Financial Services Group Inc. (NYSE: PNC) raised to Buy at Deutsche Bank.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) started as Buy with $3.75 target at BofA/ML and reiterated Buy with $3 target at Citigroup.

The Travelers Companies Inc. (NYSE: TRV) maintained Buy but removed from Conviction Buy List at Goldman Sachs.

Wells Fargo & Co. (NYSE: WFC) cut to Hold at Deutsche Bank.

XL Group PLC (NYSE: XL) raised to Neutral at Goldman Sachs.

JON C. OGG