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 25.40

+0.02 +0.08%
Volume: 6,504,808
Track BBY

CRZO 24.66

+0.52 +2.15%
Volume: 1,301,660
Track CRZO

DO 63.21

+0.34 +0.54%
Volume: 2,051,295
Track DO

EBAY 33.05

+0.18 +0.55%
Volume: 9,859,718
Track EBAY

FIRE 33.77

-0.42 -1.23%
Volume: 205,613
Track FIRE

GA 4.31

+0.06 +1.41%
Volume: 604,147
Track GA

HBC 44.95

+0.49 +1.10%
Volume: 2,273,508
Track HBC

JAH 34.07

+0.11 +0.32%
Volume: 607,212
Track JAH

STM 6.87

+0.03 +0.44%
Volume: 2,300,353
Track STM

WBMD 27.69

-0.11 -0.40%
Volume: 257,121
Track WBMD


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