Analysts' Actions: TOL PCLN CSCO AFL FRX

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

American Electric ( AEP) upgraded at BofA/Merrill from Neutral to Buy, Bank of America/Merrill Lynch said. $46 price target. Estimates also boosted, given the company's new rate plan in Ohio.

Aflac ( AFL) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. Company has little margin to take future credit losses.

Cisco Systems ( CSCO) upgraded at Piper from Neutral to Overweight, Piper Jaffray said. $22 price target. Expect solid near-term results and guidance.

Forest Laboratories ( FRX) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $37 price target.

Hospira ( HSP) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $38 price target.

Int'l Flavors & Fragrances ( IFF) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, based on a $65 price target.

Interpublic ( IPG) upgraded at Nomura from Neutral to Buy, Nomura said. Valuation call, based on a $13 price target.

Allscripts ( MDRX) upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. Valuation call, based on a $15 price target.

NetApp ( NTAP) downgraded at Cantor from Buy to Hold, Cantor Fitzgerald said. Company can continue to struggle with enterprise demand. $38 price target.

Priceline.com ( PCLN) downgraded at Lazard from Buy to Neutral, Lazard said. Company is facing increased competition and Europe remains slow.

PulteGroup ( PHM) upgraded at JP Morgan to Overweight, JP Morgan said. $15 price target. Housing fundamentals should continue to improve over the next 18 months.

PPL Corp ( PPL) upgraded at UBS to Buy from Neutral, UBS said. $31 price target. Cost savings initiative.

Select Medical ( SEM) downgraded at UBS to Neutral from Buy, UBS said. $14 price target. Reducing rating following strong rally.

Salix Pharmaceuticals ( SLXP) upgraded at Cantor to Buy, Cantor Fitzgerald said. $60 price target. Estimates also upped, as the company is cutting costs.

Toll Brothers ( TOL) downgraded at JP Morgan to Underweight, JP Morgan said. Valuation call, based on a $30 price target.

Trimble ( TRMB) rated new Buy at Lazard. $58 price target.

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