These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday.
American International Group, Inc. (NYSE: AIG) Raised to Buy at Goldman Sachs.
Analog Devices, Inc. (NASDAQ: ADI) Cut to Neutral at UBS.
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Raised to Outperform at BMO.
ConocoPhillips (NYSE: COP) Resumed as Neutral at Credit Suisse.
Demand Media, Inc. (NYSE: DMD) Raised to Buy at Citigroup.
The Dow Chemical Company (NYSE: DOW) Raised to Overweight at Morgan Stanley.
Fossil, Inc. (NASDAQ: FOSL) Cut to Neutral at JPMorgan.
The Hershey Company (NYSE: HSY) Raised to Buy at Argus.
Jive Software, Inc. (NASDAQ: JIVE) Started as Hold at Needham
Marvell Technology Group Ltd. (NASDAQ: MRVL) Cut to Neutral at UBS.
Mercadolibre, Inc. (NASDAQ: MELI) Cut to Market Perform at Raymond James.
Phillips 66 (NYSE: PSX) Started as Outperform at Credit Suisse.
Qihoo 360 Technology Co. Ltd (NYSE: QIHU) Started as Buy at ThinkEquity.
Ubiquiti Networks, Inc. (NASDAQ: UBNT) Started as Outperform at Wedbush (late Tuesday call).
Youku Inc. (NYSE: YOKU) Started as Hold at ThinkEquity.
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JON C. OGG