Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains now that stocks are still down from all-time highs. 24/7 Wall St. reviews dozens of analyst reports each morning of the week to find new investment and trading ideas for its readers. Some of analyst research reports feature stocks to buy, while other s cover stocks to sell or to avoid.

These are this Wednesday’s top analyst upgrades, downgrades and initiations covered by 24/7 Wall St.

American Electric Power Co. (NYSE: AEP) was reiterated as Buy with a price target of $59 (versus a $53.63 close) at Argus, based on cost cuts and leverage to the economy.

Anheuser-Busch InBev S.A./N.V. (NYSE: BUD) was raised to Hold from Sell at Societe Generale.

BHP Billiton Ltd. (NYSE: BHP) was downgraded to Underperform from Neutral at BNP Paribas.

DaVita Healthcare Partners Inc. (NYSE: DVA) was downgraded to Hold from Buy at KeyBanc Capital Markets.

General Electric Co. (NYSE: GE) was started as Buy with a $30 price target (versus a $26.21 close) at Stifel.

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GNC Holdings Inc. (NYSE: GNC) was raised to Outperform from Neutral and the price target was raised to $46 from $34 (versus a $39.16 close) at Wedbush.

Incyte Corp. (NASDAQ: INCY) was maintained as Buy with a target price of $85 at Argus. Now that shares are under $50, the firm sees the weakness as a buying opportunity based on a strong drug pipeline and move to profitability.

Kellogg Co. (NYSE: K) was downgraded to Hold from Buy at Societe Generale.

Mobile TeleSystems OJSC (NYSE: MBT) fell after its Russian billionaire controlling holder was arrested. Now it was downgraded to Neutral from Overweight at J.P. Morgan.

Mondelez International Inc. (NASDAQ: MDLZ) was raised to Buy from Hold with a $43 price target (versus a $35.54 close) at Societe Generale.

3M Co. (NYSE: MMM) was started as Hold at Stifel.

Ryerson Holding Corp. (NYSE: RYI) was started as Buy and given a $16 price objective (versus a $11.61 close) at Bank of America Merrill Lynch.

Skullcandy Inc. (NASDAQ: SKUL) was started as Overweight with a $9.50 price target (versus a $7.58 close) at Piper Jaffray.

Tyco International Ltd. (NYSE: TYC) was started as Hold at Stifel.

Under Armour Inc. (NYSE: UA) was raised to Overweight from Neutral and the price target was raised to $78 from $63 (versus a $67.75 close) at Piper Jaffray.

United Technologies Corp. (NYSE: UTX) was started as Hold at Stifel.

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Credit Suisse’s Global Equity Strategy raised its year-end equity targets: S&P 500 to 2,050 from 2,020; Euro Stoxx to 3,450 from 3,400; and Nikkei to 17,000 from 16,500. Still, in 2015 the S&P 500 target has a mid-year level of 2,200 and a 2015-end target of 2,100, as the firm sees a high probability of a second half correction as the Fed raises rates and U.S. profit margins peak against a backdrop of full employment.

In case you missed Tuesday’s top analyst upgrades and downgrades, they included shares of Arch Coal, Coca-Cola, Duke Energy, Microsoft, Oracle, Visa and a dozen or so more.

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