Top Pre-Market Stock Upgrades/Downgrades May 14, 2010

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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