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 42.24

+0.46 +1.10%
Volume: 5,196,105
Track BBY

CRZO 25.41

-0.21 -0.82%
Volume: 725,726
Track CRZO

DO 100.52

-0.45 -0.45%
Volume: 1,520,046
Track DO

EBAY 23.43

+0.16 +0.69%
Volume: 12,590,592
Track EBAY

FIRE 22.11

+0.05 +0.23%
Volume: 242,300
Track FIRE

GA 7.08

-0.20 -2.75%
Volume: 373,554
Track GA

HBC 60.10

+1.80 +3.09%
Volume: 3,481,518
Track HBC

JAH 28.94

+1.08 +3.88%
Volume: 1,112,817
Track JAH

STM 8.42

-0.11 -1.29%
Volume: 1,876,194
Track STM

WBMD 36.08

+0.33 +0.92%
Volume: 312,827
Track WBMD


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