Benzinga’s Top Upgrades (FTR, RAX, AOL, CGNX)

Frontier Communications Corp

was upgraded by RBC Capital from “underperform” to “sector perform.” FTR’s shares closed at $7.32 yesterday. Frontier Communications’ trailing-twelve-month gross margin stands at 89.58%. Stephens upgraded Rackspace Hosting Inc

from “equal weight” to “overweight.” RAX’s shares closed at $17.37 yesterday. Rackspace Hosting’s quarterly earnings jumped 48.90% y/y. Credit Suisse upgraded AOL Inc

from “underperform” to “neutral.” AOL’s shares closed at $21.07 yesterday. AOL’s earnings are likely to jump by 116.31% this year. Analysts at Robert W Baird upgraded Cognex Corporation

from “neutral” to “outperform.” CGNX’s shares closed at $18.06 yesterday. Cognex’s quarterly earnings soared 350.41% y/y.

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