Top Analyst Upgrades and Downgrades (BBT, CENT, C, GTAT, HBI, MDVN, ONXX, PNRA, RF, SD, SWHC, USB, WFC)

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These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday.

BB&T Corp. (NYSE: BBT) cut to Equal Weight at Morgan Stanley.

Central Garden & Pet Co. (NASDAQ: CENT) named as Bear of the Day at Zacks.

Citigroup Inc. (NYSE: C) raised to Overweight at Morgan Stanley.

GT Advanced Technologies Inc. (NASDAQ: GTAT) cut to Neutral at Piper Jaffray.

Hanesbrands Inc. (NYSE: HBI) named as Bear of the Day at Zacks.

Medivation Inc. (NASDAQ: MDVN) started as Neutral at UBS.

Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) started at Buy at UBS.

Panera Bread Co. (NASDAQ: PNRA) raised to Outperform at Wedbush.

Regions Financial Corp. (NYSE: RF) raised Overweight at Morgan Stanley

SandRidge Energy Inc. (NYSE: SD) cut to Neutral at Citigroup.

Smith & Wesson Holding Corp. (NASDAQ: SWHC) cut to Neutral at Cowen.

U.S. Bancorp (NYSE: USB) cut to Equal Weight at Morgan Stanley

Wells Fargo & Co. (NYSE: WFC) cut to Equal Weight at Morgan Stanley

Here are some other outside (and internal) outlook pieces for the end of 2012 and 2013: