Key Calls (Friday): Upgrades, Downgrades & Initiations

Via Bloomberg AMC Networks (AMCX) raised to buy at Stifel, PT $70 Changyou.com (CYOU) raised to equal-weight at Morgan Stanley, PT $27 Chesapeake Energy (CHK) raised to neutral at UBS, PT $6 CoreLogic (CLGX) raised to buy at SunTrust, PT $46 Duluth (DLTH) raised to outperform at Baird, PT $30 Emcor (EME) raised to buy at Stifel, PT $68 Exchange Income (EIF CN) raised to strong buy at Raymond James, PT C$48 Franklin Resources (BEN) raised to hold at Deutsche Bank, PT $41 Hecla Mining

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