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Top Analyst Upgrades and Downgrades (ANF, AMGN, MT, BIIB, DVN, DRYS, ERJ, FSLR, GRMN, HSNI, KCG, MCD, MGM, POT, RNR, SBUX, VE)

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

Abercrombie & Fitch Co. (NYSE: ANF) cut to Neutral at Baird and cut to Overweight at Piper Jaffray.

Amgen Inc. (NASDAQ: AMGN) cut to Hold at Argus on valuation.

ArcelorMittal (NYSE: MT) cut to Neutral at BofA/ML.

Biogen Idec Inc. (NASDAQ: BIIB) named Bull of the Day at Zacks.

Devon Energy Corp. (NYSE: DVN) cut to Neutral at Macquarie.

DryShips Inc. (NASDAQ: DRYS) cut to Hold at Deutsche Bank.

Ebraer SA (NYSE: ERJ) started as Buy at UBS.

First Solar Inc. (NASDAQ: FSLR) raised to Buy at Cantor Fitzgerald and raised to Outperform at Baird.

Garmin Ltd. (NASDAQ: GRMN) raised to Outperform at Wedbush.

HSN Inc. (NASDAQ: HSNI) cut to Hold at Stifel Nicolaus.

Knight Capital Group (NYSE: KCG) cut to Market Perform at Raymond James.

McDonald’s Corp. (NYSE: MCD) named Bear of the Day at Zacks.

MGM Resorts International (NYSE: MGM) cut to Neutral at BofA/ML.

Potash Corp. of Saskatchewan (NYSE: POT) cut to Hold at Dahlman Rose.

RenaissanceRe (NYSE: RNR) raised to Hold at Deutsche Bank.

Starbucks Corp. (NASDAQ: SBUX) cut to Hold at Argus.

Veolia Environnement SA (NYSE: VE) cut to Neutral at BofA/ML.

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JON C. OGG