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.