Top Analyst Upgrades and Downgrades (ALU, BHI, COST, DOV, ELLI, F, GE, GOOG, HIG, INCY, IBM, NU, SPG, AMTD, VZ)

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

Alcatel-Lucent S.A (NYSE: ALU) raised to Neutral from Sell at Citigroup.

Baker Hughes Inc. (NYSE: BHI) cut to Underperform and named Bear of the Day at Zacks.

Costco Wholesale Corp. (NASDAQ: COST) raised to Market Perform at Bernstein.

Dover Corp. (NYSE: DOV) cut to Neutral at Bank of America/Merrill Lynch.

Ellie Mae Inc. (NYSE: ELLI) cut to Market Perform at William Blair.

Ford Motor Co. (NYSE: F) cut to Hold but raised price target to $15 from $13 at Deutsche Bank.

General Electric Co. (NYSE: GE) reiterated Buy with $25 target at Argus, as well as maintained Outperform but raised target to $25 from $25 at Oppenheimer.

Google Inc. (NASDAQ: GOOG) reiterated Outperform with $847 target at Credit Suisse; raised target to $843 at Morgan Stanley; raised target to $830 at Canaccord Genuity.

Hartford Financial Services Group Inc. (NYSE: HIG) cut to Market Perform at FBR.

Incyte Corp. (NASDAQ: INCY) cut to Underweight at Morgan Stanley.

International Business Machines Corp. (NYSE: IBM) raised to Hold from Sell at Soc-Gen and maintained Neutral at Credit Suisse.

Northeast Utilities (NYSE: NU) cut to Hold at Argus.

Simon Property Group Inc. (NYSE: SPG) maintained Outperform and named Bull of the Day at Zacks.

TD Ameritrade Holding Corp. (NYSE: AMTD) cut to Market Perform at KBW.

Verizon Communications Inc. (NYSE: VZ) raised to Buy at Canaccord Genuity with new $50 target; reiterated Buy with $48 target at Argus.