NEW YORK (TheStreet) -- RATINGS CHANGES
AMC Networks (AMCX) 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.
Echo Global Logistics (ECHO) 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.
Molson Coors (TAP) 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) 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.
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) was downgraded to neutral from overweight by J.P. Morgan, which said the sector should continue to be hurt by negative PC data.