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.
This article was written by a staff member of TheStreet.

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