Here is a list of this morning’s top companies upgrades, downgrades, and initiations by brokerage firms.
Upgrades:
- POZEN (POZN) upgraded to Hold at Jefferies
- Puda Coal (PUDA) target raised to $18 from $17 at Brean Murray
Downgrades:
- Cirrus Logic (CRUS) downgraded to Buy at Needham; price target $16
- E-House (EJ) downgraded to Neutral at Goldman
- Melco Crown Entertainment (MPEL) target lowered to $4.80 from $5.60 at Credit Suisse
- Merit Medical Systems (MMSI) downgraded to Hold at Duncan Williams
- Netflix (NFLX) downgraded to Neutral at Merriman & to Hold at Citigroup
- Visa (V) downgraded to Hold at Stifel Nicolaus
Coverage Initiated:
- Amazon.com (AMZN) initiated with a Buy at Caris
- China Integrated Energy (CBEH) initiated with an Outperform at Rodman & Renshaw
- eBay (EBAY) initiated with a Buy at Caris
- Lululemon Athletica (LULU) initiated with a Hold at Jefferies; price target $38
- Yahoo! (YHOO) initiated with a Buy at Caris
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