It is Tuesday and the markets have hit yet another high. 24/7 Wall St. has seen many new analyst research calls this morning, much more than the normal day. Investors keep seeing new market highs, but the media keeps telling them that this has evolved into a stock picker’s market rather than a raging bull market. We review dozens of analyst research reports each morning of the week, with a goal of finding new ideas and hidden gems for our readers. Some of the analyst reports are about stocks to buy, but some of them cover stocks to sell or to avoid.

These are this Tuesday’s top Wall Street analyst upgrades, downgrades and initiations. Again, there are many more calls than normal.

Advanced Micro Devices Inc. (NYSE: AMD) was started as Outperform with a $5 price target (versus a $4.07 close) at Imperial Capital. Canaccord Genuity also resumed coverage as Buy with a $5 price target, saying that the earnings recovery is being driven by diversified growth with a focus on operating margins.

Alcatel-Lucent S.A. (NYSE: ALU) was raised to Neutral from Underweight at HSBC.

American Airlines Group Inc. (NASDAQ: AAL) was reiterated as Buy and the price target was raised to $50 (versus a $43.59 close) by Goldman Sachs.

Applied Micro Circuits Corp. (NASDAQ: AMCC) was started as Buy with a $16 price target (versus a $10.21 close) at Canaccord Genuity. The firm said that the server market niche for X-Gene is large enough to double revenue for the company.

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ARM Holdings PLC (NASDAQ: ARMH) was reiterated as Buy with a $60 price target (versus a $45.59 close) at Canaccord Genuity. The firm says that the server royalty opportunity is still nascent, but it is undervalued and gaining momentum.

Broadcom Corp. (NASDAQ: BRCM) was resumed with a Buy rating and $42 price target at Canaccord Genuity. The firm believes that the baseband exit removes a profitability drain and increases investment for growth businesses.

CenterState Banks Inc. (NASDAQ: CFSL) was started as Buy with a $13.50 price target (versus a $10.96 close) at Sterne Agee, based on multiple catalysts that will drive earnings higher in the next 18 months.

Chevron Corp. (NYSE: CVX) was started as Buy with a $142 price target (versus a $124.37 close) at Deutsche Bank.

ConocoPhillips (NYSE: COP) was started as Buy with a $94 price target (versus a $80.85 close) at Deutsche Bank.

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) was downgraded to Neutral from Positive at Susquehanna.

Coupons.com Inc. (NYSE: COUP) was downgraded to Sell from an already cautious Neutral rating and was given a downside price target of $19 (versus a $27.83 closing price) at Goldman Sachs. This stock has not even been public for three full months, and that is unusual to already see a Sell rating from one of the firms that was a book-runner in the offering syndicate.

Colgate-Palmolive Co. (NYSE: CL) was raised to Outperform from Market Perform with a $75 price target (versus a $68.44 close) at BMO Capital Markets.

Exxon Mobil Corp. (NYSE: XOM) was started as Hold with a $105 price target (versus $101.52 close) at Deutsche Bank.

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HomeAway Inc. (NASDAQ: AWAY) was raised to Neutral from Underperform at Bank of America Merrill Lynch.

Intel Corp. (NASDAQ: INTC) was resumed with a Hold rating and given a $29 price target (versus a $27.91 close) at Canaccord Genuity.

Las Vegas Sands Corp. (NYSE: LVS) was downgraded to Neutral from Buy at UBS.

Netflix Inc. (NASDAQ: NFLX) was raised to Overweight from Equal Weight and the price target was raised to $500 from $400 (versus a $423.09 close) at Evercore Partners.

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ON Semiconductor Corp. (NASDAQ: ONNN) was reiterated as Buy and the price target was raised to $13 at Sterne Agee, after announcing a $400 million acquisition of Aptina Imaging in an accretive merger.

Sprint Corp. (NYSE: S) was raised to Outperform from Neutral at Macquarie. Just as a reminder, Merrill Lynch said on Monday that it does not like Sprint with or without T-Mobile.

Twitter Inc. (NYSE: TWTR) was raised to Market Perform from Underperform with a $36 to $39 price target range (versus a $34.47 close) at Wells Fargo Securities.

Wendy’s Co. (NASDAQ: WEN) was downgraded to Hold from Buy by Argus, based on an on uncertain outlook now that its turnaround lifted shares so much.

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