Top Analyst Upgrades & Downgrades (ADBE, BAC, BBBB, BHP, CREE, CXS, CTCM, CBST, GS, HBAN, INTC, NBL, PAAS, PTR, PCG, VMW)

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning.

Adobe Systems Inc. (NASDAQ: ADBE) Cut to Underperform at FBR.
Bank of America Corp. (NYSE: BAC) Kept as Underperform and named Bear of the Day at Zacks.
Blackboard Inc. (NASDAQ: BBBB) Cut to Underperform at BofA/ML.
BHP Billiton Ltd. (NYSE: BHP) Cut to Neutral at BofA/ML.
Cree Inc. (NASDAQ: CREE) Cut to Hold at Wunderlich; Cut to Sell at Kaufman Bros.
Crexus Investment Corp. (NYSE: CXS) Started as Outperform at Credit Suisse.
CTC Media, Inc (NASDAQ: CTCM) Cut to Neutral at BofA/ML.
Cubist Pharmaceuticals Inc. (NASDAQ: CBST) Raised to Outperform at Oppenheimer.
Goldman Sachs Group Inc. (NYSE: GS) Reiterated Hold but cut 2011/2012 estimates at Argus.
Huntington Bancshares Inc. (NASDAQ: HBAN) Maintained Neutral with $7.75 target at BofA/ML.
Intel Corporation (NASDAQ: INTC) Raised to Overweight at JPMorgan; Raised to Outperform at FBR; Reiterated Buy at Argus.
Noble Energy, Inc. (NYSE: NBL) Raised to Outperform at Wells Fargo.
Pan American Silver Corp. (NASDAQ: PAAS) Maintained Neutral with $46 target at BofA/ML.
PetroChina Co. (NYSE: PTR) Raised to Outperform as Bull of the Day at Zacks.
PG&E Corporation (NYSE: PCG) Raised to Conviction Buy List at Goldman Sachs.
VMware Inc. (NYSE: VMW) Maintained Underperform but target raised to $70 at Credit Suisse.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more. 

JON C. OGG