Editor's Note: Green and red arrows refer to intraday stock price movement. NEW YORK ( TheStreet) -- CHANGE IN RATINGS AMC Networks ( AMCX) 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. Alpha Natural ( ANR) was initiated with a Neutral rating at JP Morgan. Valuation call, based on a $39 price target, JP Morgan said. CB&I ( CBI) was initiated with a Buy rating at UBS. $41 price target. Big backlog provides some visibility to earnings outlook, UBS said. Emerson ( EMR) was downgraded from Buy to Hold at Argus Research. Company is leveraged to lower macro growth, Argus said. The Jones Group ( JNY) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $14 price target. GM concerns are now priced in, BofA/Merrill said. PulteGroup ( PHM) was upgraded at Ticonderoga Securities from Neutral to Buy. Valuation call, based on a $6.50 price target, Ticonderoga said. Suncoke Energy ( SXC) 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. Texas Industries ( TXI) was upgraded at Jefferies from Hold to Buy. $39 price target. Cyclical recovery and high long-term growth rates, Jefferies said. End of report.