Top Analyst Upgrades & Downgrades (AIG, RATE, CMA, CEO, CREE, DECK, FSLR, INTC, IBM, SAP, TROW, TTM, UAL)

Source: Jon Ogg
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 Outperform at William Blair.

Bankrate, Inc. (NYSE: RATE) Started as Buy at SunTrust Robinson Humphrey.

Comerica Inc. (NYSE: CMA) Cut to Market Perform at BMO.

CNOOC Ltd. (NYSE: CEO) Raised to Hold at Jefferies.

Cree Inc. (NASDAQ: CREE) Cut to Hold at ThinkEquity.

Deckers Outdoor Corporation (NASDAQ: DECK) Raised to Neutral at Stern Agee.

First Solar, Inc. (NASDAQ: FSLR) Raised to Hold at Cantor Fitzgerald; Cut to Sell at Wunderlich; Maintained as Buy but cut target $40 from $50 at Argus.

Intel Corporation (NASDAQ: INTC) Maintained Outperform with $35 target and raised 2013 estimates at Credit Suisse.

International Business Machines Corporation (NYSE: IBM) Cut to Neutral at Macquarie; Raised estimates but maintained as Neutral at Credit Suisse.

SAP AG (NYSE: SAP) Reiterated Buy with $84 target at Argus.

T. Rowe Price Group (NASDAQ: TROW) named as Bull of the Day at Zacks.

Tata Motors Ltd. (NYSE: TTM) maintained as the most undervalued stock on the price-to-book versus return on equity valuation model at Credit Suisse.

United Continental Holdings, Inc. (NYSE: UAL) named as Bear of the Day at Zacks.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox.  We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.