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 43.30

+0.35 +0.81%
Volume: 6,213,387
Track BBY

CRZO 20.99

-0.55 -2.55%
Volume: 408,558
Track CRZO

DO 97.66

-2.54 -2.53%
Volume: 1,921,857
Track DO

EBAY 22.79

-0.40 -1.72%
Volume: 16,750,117
Track EBAY

FIRE 21.14

-0.73 -3.34%
Volume: 221,014
Track FIRE

GA 6.87

+0.01 +0.15%
Volume: 198,384
Track GA

HBC 60.91

-0.58 -0.94%
Volume: 1,913,711
Track HBC

JAH 28.38

-0.36 -1.25%
Volume: 600,857
Track JAH

STM 8.31

-0.33 -3.82%
Volume: 1,868,579
Track STM

WBMD 36.25

+0.11 +0.30%
Volume: 131,457
Track WBMD


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