Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
CHANGE IN RATINGS
(AMCX - Get Report) was initiated with a Buy rating at Bank of America/Merrill Lynch. $42 price target. Despite macro uncertainty, we view risk/reward favorably, BofA/Merrill Lynch said.
(ANR - Get Report) was initiated with a Neutral rating at JP Morgan. Valuation call, based on a $39 price target, JP Morgan said.
(CBI - Get Report)
was initiated with a Buy rating at UBS. $41 price target. Big backlog provides some visibility to earnings outlook, UBS said.
(EMR - Get Report)
was downgraded from Buy to Hold at Argus Research. Company is leveraged to lower macro growth, Argus said.
The Jones Group
was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $14 price target. GM concerns are now priced in, BofA/Merrill said.
was upgraded at Ticonderoga Securities from Neutral to Buy. Valuation call, based on a $6.50 price target, Ticonderoga said.
(SXC - Get Report)
was initiated with an Outperform rating at Credit Suisse. $19 price target. Company is leveraged to continued growth in demand for coal and steel, Credit Suisse said.
Suncoke Energy was initiated with a Neutral rating at Goldman Sachs. Valuation call, based on an $18 price target, Goldman said.
was upgraded at Jefferies from Hold to Buy. $39 price target. Cyclical recovery and high long-term growth rates, Jefferies said.
End of report.