F5 Networks (FFIV), Rackspace (RAX), American Electric (AEP), Phillips-Van Heusen (PVH),
Universal American (UAM) and Western Digital (WDC) were upgraded or downgraded by analysts.
Rackspace (RAX) downgraded to Neutral from Buy at Goldman.Goldman downgraded Rackspace due to valuation. Price target is $57.
American Electric (AEP) upgraded to Sector Perform from Underperform at RBC Capital.RBC Capital upgraded American Electric citing valuation. Price target lowered to $40 from $41.
Phillips-Van Heusen (PVH) upgraded to Buy from Hold at Deutsche Bank.Deutsche Bank upgraded Phillips-Van Heusen and raised its price target for shares to $100 from $69 citing the company's mid- and long-term growth opportunities.
Universal American (UAM) rated a new Neutral from Not Rated at Goldman.Target $12.
Western Digital (WDC) upgraded to Strong Buy from Buy at Needham.Needham believes Western Digital's Hitachi acquisition will drive significant gross margin and operating margin savings and result in a more rational pricing environment. Price target raised to $66 from $50.
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