UPGRADES:
Goldman Sachs upgrades Polo Ralph Lauren Corporation (NYSE: RL) from Neutral to Buy with a $90 price target.

Bank of America Merrill Lynch upgrades Phillips-Van Heusen (NYSE: PVH) from Neutral to Buy. The firm raised its price target from $45 to $54.

Collins Stewart upgrades ConocoPhillips (NYSE: COP) from Hold to Buy. Price target $60. Here is more color on the upgrade.

FBR Capital upgrades U.S. Bancorp (NYSE: USB) to Market Perform from Underperform, raises price target to $21 from $14. Click here to see the full report.

Barclays upgrades Broadcom (Nasdaq: BRCM) from Equalweight to Overweight. The firm raised its