NEW YORK (TheStreet) -- RATINGS CHANGES
AMC Networks (AMCX) - Get Report was downgraded to hold from buy by Topeka, which set a price target of $85. The firm cited valuation as the stock is up more than 28% year-to-date.
AT&T (T) - Get Report was upgraded to overweight by Barclays, which set a $39 price target, saying that the closing of the DirecTV (DTV) deal should bring many revenue and cost levers.
Echo Global Logistics (ECHO) - Get Report was reinstated and upgraded to outperform from neutral by Credit Suisse, which set a $39 price target. Following the close of the Command acquisition, Credit Suisse has increased its 2015 EPS estimate to $1.03 from 98 cents.
Groupon (GRPN) - Get Report was downgraded to sell by TheStreet Ratings.You can view the full analysis from the report here: GRPN Ratings Report.
Molson Coors (TAP) - Get Report was downgraded to neutral from buy by Nomura, which set a $74 price target, saying U.S. volume and pricing trends have likely worsened.
Newmont Mining (NEM) - Get Report was reinstated by Credit Suisse with an outperform rating and $30 price target. Newmonth's net asset value is largely unchanged at $16.84 per share from $16.96 per share, and optimizations could add about $254 million to NAV, Credit Suisse said.
PetroChina (PTR) - Get Report was downgraded to hold by TheStreet Ratings. You can view the full analysis from the report here: PTR Ratings Report.
Team Health (TMH) was upgraded to overweight by Keybanc, which set a $71 price target and raised its estimates, saying the company should continue to grow through acquisitions.
Western Digital (WDC) - Get Report was downgraded to neutral from overweight by J.P. Morgan, which said the sector should continue to be hurt by negative PC data.