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

Angie’s List Inc. (NASDAQ: ANGI) raised to Outperform at Oppenheimer.

Bank of Nova Scotia (NYSE: BNS) cut to Neutral at Credit Suisse.

Baidu Inc. (NASDAQ: BIDU) target cut to $153 at Barclays.

Cyberonics Inc. (NASDAQ: CYBX) raised to Buy at Canaccord Genuity.

IDEXX Laboratories Inc. (NASDAQ: IDXX) started as Hold at Canaccord Genuity.

International Business Machines Corp. (NYSE: IBM) reiterated Buy with $235 price target at Argus.

Kirkland’s Inc. (NASDAQ: KIRK) named Bear of the Day at Zacks.

Mylan Inc. (NASDAQ: MYL) reiterated Buy with $27 target at Argus.

Panera Bread Co. (NASDAQ: PNRA) named Bull of the Day at Zacks.

Prestige Brands Holdings Inc. (NYSE: PBH) named value stock of the day at Zacks.

Schnitzer Steel Industries Inc. (NASDAQ: SCHN) cut to Sell at CLSA.

TearLab Corp. (NASDAQ: TEAR) started as Buy at Canaccord Genuity.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) reiterated Buy with $48 target at Argus.

Watson Pharmaceuticals Inc. (NYSE: WPI) reiterated Buy and raised target to $100 at Argus.

Credit Suisse initiated the U.S. offshore drilling sector: Rowan Companies (NYSE: RDC) added to U.S. Focus List and named top pick; other top picks are Atwood Oceanics Inc. (NYSE: ATW) and Noble Corp. (NYSE: NE). Outperform ratings were given to these: Diamond Offshore Drilling Inc. (NYSE: DO) and Ocean Rig UDW Inc. (NASDAQ: ORIG). Neutral ratings were given to Ensco PLC (NYSE: ESV), Hercules Offshore (NASDAQ: HERO), Seadrill Ltd. (NYSE: SDRL) and Transocean Inc. (NYSE: RIG).

JON C. OGG

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