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 27.44

-6.56 -19.29%
Volume: 433,614
Track BBY

CRZO 16.30

-0.97 -5.62%
Volume: 434,508
Track CRZO

DO 28.76

-53.09 -64.86%
Volume: 441,258
Track DO

EBAY 16.34

-0.44 -2.62%
Volume: 14,151,498
Track EBAY

FIRE 12.74

-0.12 -0.93%
Volume: 224,955
Track FIRE

GA 25.01

+16.86 +206.87%
Volume: 442,236
Track GA

HBC 27.44

-14.49 -34.56%
Volume: 439,107
Track HBC

JAH 18.96

-0.26 -1.35%
Volume: 1,023,061
Track JAH

STM 26.29

+18.61 +242.32%
Volume: 448,180
Track STM

WBMD 29.70

-0.19 -0.64%
Volume: 50,106
Track WBMD


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