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Top Analyst Upgrades and Downgrades: Adobe, FireEye, Lululemon, Nu Skin, Rio Tinto, Tesla, BHP Billiton and Many More

Stocks traded sharply higher Wednesday morning. Yet again, investors are buying value and looking for bargains, now that the stock market pulled back so much before this last rally. 24/7 Wall St. reviews dozens of research reports from analysts each morning to find new trading and investing ideas for our readers. Some analyst calls cover stocks to buy, and other calls cover stocks to sell or avoid. These are this Wednesday’s top analyst upgrades, downgrades and initiations.

Adobe Systems Inc. (NASDAQ: ADBE) was maintained as Neutral at Credit Suisse, but the firm lowered its price target to $65 from $75, based on lower estimates and on fuzzy subscriber math.

BHP Billiton Ltd. (NYSE: BHP) was raised to Overweight from Equal Weight at Morgan Stanley. Its shares were indicated up 4.5% at $35.80, after closing at $34.25, and it has a consensus analyst target price of $46.91 and a 52-week trading range of $30.15 to $60.33.

FireEye Inc. (NASDAQ: FEYE) was maintained as Buy at Bank of America Merrill Lynch after recent weakness, but the firm trimmed its price objective to $50.00 from $60.00 (versus a $31.18 prior close). FireEye has a consensus price target of about $53.00 and a 52-week range of $24.81 to $55.33.

Lululemon Athletica Inc. (NASDAQ: LULU) was started as Buy with a $69 price target (versus a $51.74 close) at Citigroup. Lululemon shares have a consensus price target of $64.27 and a...