Notable Analyst Rating Changes 12/19: ALKS, AIZ, ASML Upgraded; FLR, RIMM, EBAY Downgraded

December 19, 2008 9:53 AM EST

UPGRADES:
Jefferies & Co upgrades Alkermes (Nasdaq: ALKS) from Hold to Buy.

J.P. Morgan upgrades Assurant (NYSE: AIZ) from Neutral to Overweight.

J.P. Morgan upgrades ASML Holding (Nasdaq: ASML) from Neutral to Overweight.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Citi downgrades Fluor (NYSE: FLR) from Hold to Sell. Price target lowered from $41 to $37.

Despite in-line Q3 results and upside Q4 guidance from Research In Motion Ltd. (Nasdaq: RIMM), Cowen & Co is telling investors to 'sell...sell...sell'.

Sanford C. Bernstein downgrades eBay (Nasdaq: EBAY) from Outperform to Market Perform.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
J.P. Morgan initiates coverage on Clear Channel Outdoor (NYSE: CCO) with a Neutral rating.

Jesup & Lamont initiates coverage on FedEx Corp. (NYSE: FDX) with a Hold.

Jefferies & Co initiates coverage on Starbucks (Nasdaq: SBUX) with a Hold.

Jefferies & Co initiates coverage on First Solar (Nasdaq: FSLR) with a Buy rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

AIZ 30.37

+0.00 +0.00%
Volume: 1,180,980
Track AIZ

ALKS 11.43

+0.00 +0.00%
Volume: 1,175,780
Track ALKS

ASML 31.47

+0.00 +0.00%
Volume: 2,385,458
Track ASML

CCO 9.51

+0.00 +0.00%
Volume: 399,518
Track CCO

EBAY 22.37

+0.00 +0.00%
Volume: 12,061,197
Track EBAY

FDX 79.22

+0.00 +0.00%
Volume: 4,694,742
Track FDX

FLR 43.28

+0.00 +0.00%
Volume: 3,971,201
Track FLR

FSLR 113.29

+0.00 +0.00%
Volume: 2,518,807
Track FSLR

RIMM 66.15

+0.00 +0.00%
Volume: 13,981,369
Track RIMM

SBUX 22.19

+0.00 +0.00%
Volume: 10,408,100
Track SBUX


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