Top Analyst Upgrades and Downgrades (AVP, BBVA, RATE, BPL, CLWR, CLF, CMCSA, CXO, DELL, FOSL, GE, GRPN, PM, PXD, SD, ZMH )

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

Avon Products Inc. (NYSE: AVP) raised to Neutral at UBS.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) raised to Overweight at Morgan Stanley.

BankRate Inc. (NYSE: RATE) cut to Neutral at Citigroup.

Buckeye Partners L.P. (NYSE: BPL) raised to Buy with target of $58 at Argus.

Clearwire Corp. (NASDAQ: CLWR) cut to Underperform at Raymond James.

Cliffs Natural Resources Inc. (NYSE: CLF) cut to Hold at Deutsche Bank.

Comcast Corp. (NASDAQ: CMCSA) raised to Outperform at Credit Suisse.

Concho Resources Inc. (NYSE: CXO) started as Neutral at Credit Suisse.

Dell Inc. (NASDAQ: DELL) cut to Market Perform at Bernstein.

Fossil Inc. (NASDAQ: FOSL) cut to neutral at Macquarie, cut to Underperform at FBR and cut to Outperform at CLSA.

General Electric Co. (NYSE: GE) reiterated Outperform and raised target by $1 to $25 at Credit Suisse.

Groupon Inc. (NASDAQ: GRPN) raised to Buy at Stern Agee.

Phillip Morris International Inc. (NYSE: PM) raised to Neutral at Nomura.

Pioneer Natural Resources Co. (NYSE: PXD) started as Outperform at Credit Suisse.

SandRidge Energy Inc. (NYSE: SD) started as Neutral at Credit Suisse.

Zimmer Holdings Inc. (NYSE: ZMH) raised to Buy with $90 target at Argus.

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AVP, BBVA, BPL, CLF, CLWR, CMCSA, CXO, DELL, FOSL, GE, GRPN, PM, PXD, RATE, SD, ZMH