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Top Analyst Upgrades and Downgrades (AMGN, ADP, BBVA, SAN, BIIB, DG, KSS, JBHT, KMI, KSS, PAYX, PSX, POT, RENN, SOHU, VLO, PAY, VOD, YOKU)

Source: Jon Ogg
These are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday.

Amgen Inc. (NASDAQ: AMGN) cut to Neutral at R.W. Baird.

Automatic Data Processing Inc. (NASDAQ: ADP) cut to Underperform at Jefferies.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) cut to Equal Weight at Morgan Stanley.

Banco Santander S.A. (NYSE: SAN) raised to Overweight at Morgan Stanley.

Biogen Idec Inc. (NASDAQ: BIIB) reiterated Outperform and raised target to $165 at Credit Suisse.

Dollar General Corp. (NYSE: DG) started as Overweight with $61 target at Piper Jaffray.

JB Hunt Transport Services Inc. (NASDAQ: JBHT) raised to Buy at BofA/ML.

Kinder Morgan Inc. (NYSE: KMI) raised to Neutral at BofA/ML.

Kohl’s Corp. (NYSE: KSS) raised to Neutral at Goldman Sachs and raised to Buy at Deutsche Bank.

Paychex Inc. (NASDAQ: PAYX) cut to Underperform at Jefferies.

Phillips 66 (NYSE: PSX) raised to Overweight at Morgan Stanley.

Potash Corp. of Saskatchewan (NYSE: POT) cut to Neutral at Citigroup.

Renren Inc. (NYSE: RENN) started as Sell at Citigroup.

Sohu.com Inc. (NASDAQ: SOHU) started as Buy at Citigroup.

Valero Energy Corp. (NYSE: VLO) raised to Overweight at Morgan Stanley.

VeriFone Systems Inc. (NYSE: PAY) reiterated Buy but lowered target to $40 at Argus.

Vodafone Group PLC (NASDAQ: VOD) cut to Neutral at Nomura.

Youku Tudou Inc. (NYSE: YOKU) started as Buy at Citigroup.

JON C. OGG