Benzinga's Top Upgrades

Analysts at Cowen & Company upgraded Philip Morris International Inc. (NYSE: PM) from Market Perform to Outperform. The price target for Philip Morris has been raised from $78 to $97. Philip Morris shares closed at $84.96 yesterday.

Bernstein upgraded EMC Corporation (NYSE: EMC) from Market Perform to Outperform. The price target for EMC has been raised from $29 to $32. EMC shares closed at $26.05 yesterday.

Analysts at JP Morgan upgraded Penn National Gaming, Inc (NASDAQ: PENN) from Neutral to Overweight. The price target for Penn National Gaming has been raised from $16 to $18. Penn National Gaming shares closed at $15.70 yesterday.

Analysts at Sandler O'Neill upgraded People's United Financial, Inc. (NASDAQ: PBCT) from Sell to Hold. The price target for People's United has been raised from $13.50 to $15. People's United shares closed at $15.23 yesterday.

Roth Capital upgraded CECO Environmental Corp. (NASDAQ: CECE) from Neutral to Buy. The price target for CECO Environmental has been raised from $14.50 to $16. CECO Environmental shares closed at $11.19 yesterday.

Analysts at Nomura upgraded Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) from Neutral to Buy. The price target for Ulta Salon, Cosmetics & Fragrance has been raised from $126 to $177. Ulta Salon, Cosmetics & Fragrance shares closed at $154.16 yesterday.

Cantor Fitzgerald upgraded Rosetta Genomics Ltd. (USA) (NASDAQ: ROSG) from Hold to Buy. Rosetta Genomics shares closed at $3.78 yesterday.

Argus Research upgraded Xcel Energy Inc (NYSE: XEL) from Hold to Buy. Xcel Energy shares closed at $34.30 yesterday.

Piper Jaffray upgraded FleetMatics Group PLC (NYSE: FLTX) from Neutral to Overweight. FleetMatics Group shares closed at $45.44 yesterday.