Top Analyst Upgrades and Downgrades (ACI, ARNA, ADP, IRE, BOH, DELL, FHN, FSLR, FULT, GSS, HSY, INTU, ITRI, JCP, WFR, PNC, RF, SPWR, STP, TCB, USB, VIA, VVUS, WFC)

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These are some of this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall S. research calls. We have calls in banks, solar, tech, biotech and more.

Arch Coal Inc. (NYSE: ACI) cut to Neutral at J.P. Morgan.

Arena Pharmaceuticals Inc. (NASDAQ: ARNA) started as Outperform with $11 to $12 target at Leerink Swann.

Automatic Data Processing Inc. (NASDAQ: ADP) reiterated Buy and raised target to $68 at Argus, and maintained Outperform and raised target to $67 at Credit Suisse.

Bank of Ireland (NYSE: IRE) cut to Underperform at Credit Suisse.

Bank of Hawaii Corp. (NYSE: BOH) started as Underperform at Credit Suisse.

Dell Inc. (NASDAQ: DELL) cut to Sell from Neutral at Argus and raised to Neutral from Sell at Citi.

First Horizon National Corp. (NYSE: FHN) started as Outperform at Credit Suisse.

First Solar Inc. (NASDAQ: FSLR) started as Buy at Citi.

Fulton Financial Corp. (NASDAQ: FULT) started as Neutral at Credit Suisse.

Golden Star Resources Ltd. (NYSEMKT: GSS) raised to Neutral at Credit Suisse.

Hershey Co. (NYSE: HSY) reiterated Buy and raised target by $10 to $92 at Argus.

Intuit Inc. (NASDAQ: INTU) started as Buy with $80 target at Janney.

Itron Inc. (NASDAQ: ITRI) raised to Buy with $52 target at Argus.

J.C. Penney Co. Inc. (NYSE: JCP) stared as Sell at Maxim Group.

MEMC Electronic Materials Inc. (NYSE: WFR) started as Buy at Citi.

PNC Financial Services Group Inc. (NYSE: PNC) started as Buy at Nomura.

Regions Financial Corp. (NYSE: RF) started as Buy at Nomura.

SunPower Corp. (NASDAQ: SPWR) started as Buy with Top Pick rating at Citi.

Suntech Power Holding Co. Ltd. (NYSE: STP) started as Sell at Citi.

TCF Financial Corp. (NYSE: TCB) started as Neutral at Credit Suisse.

U.S. Bancorp (NYSE: USB) started as Buy at Nomura.

Viacom Inc. (NASDAQ: VIA) cut to Hold at Argus.

VIVUS Inc. (NASDAQ: VVUS) started as Outperform with $19 to $20 target at Leerink Swann.

Wells Fargo & Co. (NYSE: WFC) started as Buy at Nomura.

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