ACADIA Pharmaceuticals Inc. (NYSE: ACAD) was started as Outperform with a price target of $48 (versus $37.50 close) at Leerink.

AGCO Corp. (NYSE: AGCO) was downgraded to Underweight at JPMorgan, and the price target was cut to $42 from $44 (versus a $49.44 close).

ASML Holding N.V. (NASDAQ: ASML) was raised to Buy from Neutral at Citigroup.

Bank of America Corp. (NYSE: BAC) was maintained as Outperform but the price target was cut from $22 to $21 at Oppenheimer.

BHP Billiton Ltd. (NYSE: BHP) was downgraded to Neutral from Buy at Goldman Sachs.

Black Diamond Inc. (NASDAQ: BDE) was downgraded to Hold From Buy at Stifel.

CEVA Inc. (NASDAQ: CEVA) was started as Buy with a $27 price target (versus a $21.42 close) at Canaccord Genuity.

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Coach Inc. (NYSE: COH) was raised to Overweight from Equal Weight at Barclays, and the price target was raised to $50 from $38.

CoreSite Realty Corp. (NYSE: COR) was downgraded to Hold from Buy with a price target of $51 (closed at $49.69) at Evercore ISI. KeyBanc Capital Markets cut its rating to Market Weight from Overweight.

Etsy Inc. (NASDAQ: ETSY) had not even started trading, yet Brean Capital started coverage with a Buy rating and $19 price target — but the deal priced at $16.

HCA Inc. (NYSE: HCA) was reiterated as Outperform and the price target was raised to $88 from $85 (versus a $79.24 close) at RBC Capital Markets.

Inogen Inc. (NASDAQ: INGN) was started as Strong Buy with a price target of $45 (versus a $35.36 close) at Needham.

Lowe’s Companies Inc. (NYSE: LOW) was raised to Overweight from Neutral at Piper Jaffray.

Mattel Inc. (NASDAQ: MAT) was raised to Outperform from Market Perform at Wells Fargo.

Novo Nordisk A/S (NYSE: NVO) was started as Sell at Soc-Gen.

Panera Bread Co. (NASDAQ: PNRA) was raised to Market Perform from Underperform at Raymond James.

PMC-Sierra Inc. (NASDAQ: PMCS) was started with a Buy rating and was given a price target of $12 (versus a $9.29 close) at Benchmark.

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Randgold Resources Ltd. (NASDAQ: GOLD) was raised to Buy from Neutral at UBS.

Rocket Fuel Inc. (NASDAQ: FUEL) was started as Equal Weight rating and was given a price target of $9 (versus a $9.06 close) at Stephens.

Rubicon Project Inc. (NYSE: RUBI) was started as Overweight and was given a price target of $27 (versus a $17.20 close) at Stephens.

TerraForm Power Inc. (NASDAQ: TERP) was started as Sector Weight at KeyBanc Capital Markets.

Thomson Reuters Corp. (NYSE: TRI) was downgraded to Sector Perform from Outperform at RBC Capital Markets.

In case you missed Wednesday’s top analyst upgrades and downgrades, they included Chipotle Mexican Grill, CSX, GoPro, Intel, Nike, Staples and Starbucks.