Notable Analyst Rating Changes 10/31: BBY, STM, JAH Upgraded; HBC, DO, GA, WBMD Downgraded

October 31, 2008 10:11 AM EDT

UPGRADES:
JP Morgan and Morgan Stanley upgrade Best Buy (NYSE: BBY) to Neutral and Equalweight, respectively.

UBS upgrades STMicroelectronics (NYSE: STM) from Sell to Neutral.

Goldman Sachs upgrades Jarden Corp. (NYSE: JAH) from Neutral to Buy but lowers its price target from $25 to $22.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Goldman Sachs downgrades HSBC (NYSE: HBC) from Neutral to Sell.

Jefferies & Co downgrades Diamond Offshore (NYSE: DO) from Buy to Hold.

Pali Research downgrades Giant Interactive (NYSE: GA) from Buy to Neutral.

Citi downgrades WebMD Corp (Nasdaq: WBMD) from Buy to Hold. Price target $24.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Wunderlich Securities initiates coverage on eBay (Nasdaq: EBAY) with a Neutral. Price target $16.

Credit Suisse initiates coverage on Carrizo Oil & Gas Inc. (Nasdaq: CRZO) with a Neutral rating.

Morgan Stanley initiates coverage on Sourcefire, Inc. (Nasdaq: FIRE) with an Overweight rating and $10 price target.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

BBY 43.53

+0.70 +1.63%
Volume: 4,920,362
Track BBY

CRZO 21.18

+0.13 +0.62%
Volume: 651,430
Track CRZO

DO 101.74

+2.20 +2.21%
Volume: 1,688,623
Track DO

EBAY 24.00

-0.47 -1.92%
Volume: 31,379,600
Track EBAY

FIRE 21.93

+2.30 +11.72%
Volume: 509,377
Track FIRE

GA 7.14

+0.11 +1.56%
Volume: 196,950
Track GA

HBC 60.18

+1.17 +1.98%
Volume: 1,875,893
Track HBC

JAH 28.06

+0.61 +2.22%
Volume: 839,661
Track JAH

STM 8.37

+0.27 +3.33%
Volume: 1,328,707
Track STM

WBMD 36.45

+0.15 +0.41%
Volume: 627,270
Track WBMD


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