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 25.21

+0.13 +0.52%
Volume: 2,733,353
Track BBY

CRZO 24.65

+0.80 +3.35%
Volume: 788,716
Track CRZO

DO 62.36

-0.40 -0.64%
Volume: 1,073,606
Track DO

EBAY 33.16

+0.13 +0.39%
Volume: 5,364,899
Track EBAY

FIRE 35.21

+0.74 +2.15%
Volume: 258,749
Track FIRE

GA 4.32

+0.04 +0.93%
Volume: 259,449
Track GA

HBC 44.55

+0.61 +1.39%
Volume: 1,429,376
Track HBC

JAH 33.96

+0.35 +1.04%
Volume: 506,887
Track JAH

STM 6.78

+0.05 +0.74%
Volume: 916,862
Track STM

WBMD 27.11

+0.02 +0.07%
Volume: 635,128
Track WBMD


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