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 35.98

+0.51 +1.44%
Volume: 5,554,209
Track BBY

CRZO 21.95

-0.04 -0.18%
Volume: 682,993
Track CRZO

DO 90.00

+1.76 +1.99%
Volume: 2,427,617
Track DO

EBAY 22.37

-0.12 -0.53%
Volume: 12,061,197
Track EBAY

FIRE 23.63

+1.36 +6.11%
Volume: 577,248
Track FIRE

GA 7.35

+0.02 +0.27%
Volume: 71,082
Track GA

HBC 51.45

+1.14 +2.27%
Volume: 4,167,262
Track HBC

JAH 30.68

+0.43 +1.42%
Volume: 416,817
Track JAH

STM 8.09

+0.09 +1.13%
Volume: 2,847,369
Track STM

WBMD 38.75

-0.22 -0.56%
Volume: 53,491
Track WBMD


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