Stocks were looking for direction on Tuesday morning. Investors keep proving each day that they are willing to buy stocks that are discounted or that are overlooked. 24/7 Wall St. reviews dozens of analyst research reports from brokerage firms each morning to hunt for new trading and investment ideas. Some analyst reports are about stocks to buy, and some of them cover stocks to sell or avoid.

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

AK Steel Holding Corp. (NYSE: AKS) was started as Market Perform at BMO Capital Markets.

Alcoa Inc. (NYSE: AA) was started as Market Perform at BMO Capital Markets.

Intel Corp. (NASDAQ: INTC) was reiterated as Outperform with a $40 price target at Credit Suisse ahead of its analyst day, with a call that it has $4 in earnings per share power. Bank of America Merrill Lynch also reiterated its Buy rating and $43 price objective.

International Business Machines Corp. (NYSE: IBM) was reiterated as Underperform with a $125 price target at Credit Suisse as five fundamental concerns remain in place.

Wells Fargo & Co. (NYSE: WFC) was downgraded to Market Perform from Outperform at BMO Capital Markets.

Other Key Analyst Calls

Alpha Natural Resources Inc. (NYSE: ANR) was started as Underperform at BMO Capital Markets.

Arch Coal Inc. (NYSE: ACI) was started as Underperform at BMO Capital Markets.

Allergan Inc. (NYSE: AGN) was downgraded to Market Perform at William Blair and downgraded to Neutral at SunTrust Robinson Humphrey.

ALSO READ: Major Changes to Berkshire Hathaway Stocks Holdings

Baker Hughes Inc. (NYSE: BHI) was downgraded to Hold from Buy on Halliburton acquisition at Argus.

CONSOL Energy Inc. (NYSE: CNX) was started as Outperform at BMO Capital Markets.

Century Aluminum Co. (NASDAQ: CENX) was started as Outperform at BMO Capital Markets.

Electronic Arts Inc. (NASDAQ: EA) was started as Overweight with a $48 price target (versus a $41.40 close) at Barclays.

Macy’s Inc. (NYSE: M) was downgraded to Neutral from Buy at Merrill Lynch.

Prestige Brands Holding Inc. (NYSE: PBH) was raised to Hold from Underperform at Jefferies.

Sony Corp. (NYSE: SNE) was raised to Buy from Hold at Deutsche Bank.

Tesoro Corp. (NYSE: TSO) was started as on the prized Conviction Buy List at Goldman Sachs and the price target was $108 (versus a $72.37 close).

Thoratec Corp. (NASDAQ: THOR) was raised to outperform and the price target was raised to $35 from $27 (versus a $29.20 close) at Credit Suisse.

ALSO READ: How Analysts Rate Cisco Now After Earnings

Tyco International Ltd. (NYSE: TYC) was raised to Buy from Hold with a target of $48 at Argus.

Urban Outfitters Inc. (NASDAQ: URBN) was down close to 6% after earnings, despite having already warned. William Blair downgraded it to Market Perform from Outperform. Canaccord Genuity cut its target price to $39 from $47.

If you missed Monday’s top analyst upgrades and downgrades, they included Allstate, Hecla Mining, Hertz, MGIC, Nokia, Office Depot, Procter & Gamble and a dozen or so more.

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