Stocks were indicated higher on Wednesday after the Dow dropped more than 400 points on Tuesday. It is another attempt to buy the dips, a trend that is now about four years old, but it was also after a day of stabilization in China and overseas. The Dow and S&P 500 are both down more than 10% from their highs.

24/7 Wall St. reviews dozens of analyst research reports each day to find new trading and investing ideas for its readers. Some of these analyst calls cover stocks to buy, while other calls cover stocks to sell or avoid. These are this Wednesday’s top analyst upgrades, downgrades and initiations.

ARM Holdings PLC (NASDAQ: ARMH) was raised to Neutral from Underweight at JPMorgan. Shares were indicated over 2% higher at $42.40, with a consensus price target of $57.11 and a 52-week trading range of $37.75 to $54.82.

AT&T Inc. (NYSE: T) was raised to Buy from Neutral at Citigroup, with positive comments about the DirecTV acquisition. AT&T was indicated up 1.6% at $32.81, has a consensus analyst target price of $32.81 and has a 52-week range of $30.97 to $36.45. Several analysts also indicated why AT&T would rise to $40 or more right around the closing of the DirecTV merger.

Hasbro Inc. (NASDAQ: HAS) was raised to Overweight from Neutral with an $85 price target (versus a $72.52 close) at Piper Jaffray. The coming Star Wars toys were cited, as was the opportunity from a recent pullback.

Lending Club Corp. (NYSE: LC) was started as Outperform and with a $16.00 price target (versus a $12.14 close) at FBR Capital Markets. Lending Club has a consensus target of $21.09 and a 52-week range of $10.28 to $29.29.

PNC Financial Services Group (NYSE: PNC) was raised to Market Perform from Underperform with a $101.00 price target (versus an $87.19 close) at Keefe Bruyette & Woods. PNC has a consensus target price of $102.55 from analysts and a 52-week range of $76.69 to $100.52.

Vodafone Group PLC (NASDAQ: VOD) was raised to Outperform from Sector Perform at RBC Capital Markets. Vodafone ADSs were last indicated up 0.4% at $33.80, and it has a consensus target of $38.72 and a 52-week range of $28.63 to $39.46.

Walt Disney Co. (NYSE: DIS) was started with an Outperform rating and was assigned a price target of $114.00 at CLSA. Disney closed at $99.51 and has a consensus target of $119.85 and a 52-week range of $78.54 to $122.08.

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Other key analyst upgrades, downgrades and initiations seen on Tuesday were in the following:

AcelRX Pharmaceuticals Inc. (NASDAQ: ACRX) was started as Buy with an $8.50 price target (versus a $4.37 close) at H.C. Wainwright.

Adobe Systems Inc. (NASDAQ: ADBE) was started as Perform at Oppenheimer.

AstraZeneca PLC (NYSE: AZN) was raised to Buy from Neutral at HSBC.

Bazaarvoice Inc. (NASDAQ: BV) was downgraded to Equal Weight from Overweight with a $6.00 price target (versus a $5.18 close) at Morgan Stanley.

BB&T Corp. (NYSE: BBT) was raised to Outperform from Neutral with a price target of $40.00 (versus a $35.33 close) at R.W. Baird.

Civeo Corp. (NASDAQ: CVEO) was raised to Buy from Neutral with a $4.00 price target (versus a $1.86 close) at Sterne Agee.

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Heartware International Inc. (NASDAQ: HTWR) was downgraded to Market Perform from Outperform at Raymond James.

Heron Therapeutics Inc. (NASDAQ: HRTX) was started as Buy with a $46.00 price target (versus a $35.75 close) at Bank of America Merrill Lynch.

Hologic Inc. (NASDAQ: HOLX) was raised to Equal Weight from Underweight with a $40 price target (versus a $37.22 close) at Barclays.

Karyopharm Therapeutics Inc. (NASDAQ: KPTI) was started as Overweight and was assigned a $20 price target (versus a $13.37 close) at JPMorgan.

QIWI PLC (NASDAQ: QIWI) was downgraded to Neutral from Buy at UBS.

Telefonica S.A. (NYSE: TEF) was downgraded to Underperform from Outperform at RBC Capital Markets.

Telecom Italia SpA (NYSE: TI) was raised to Outperform from Sector Perform at RBC Capital Markets.

Textron Inc. (NYSE: TXT) was raised to Buy from Neutral at Citigroup.

Wix.com Ltd. (NASDAQ: WIX) was raised to Buy from Hold with a $27.00 price target (versus an $18.90 close) at Deutsche Bank.

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In case you missed Tuesday’s top analyst upgrades and downgrades, they were in shares of American Airlines, CyberArk Software, Delta Air Lines, First Solar, VMware and over a dozen more companies.

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