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 43.14

-0.07 -0.16%
Volume: 116,667
Track AIZ

ALKS 18.18

-0.29 -1.57%
Volume: 164,847
Track ALKS

ASML 45.53

+0.10 +0.22%
Volume: 878,984
Track ASML

CCO 12.40

-0.17 -1.35%
Volume: 10,525
Track CCO

EBAY 32.93

-0.33 -0.99%
Volume: 1,677,503
Track EBAY

FDX 94.01

-0.79 -0.83%
Volume: 291,822
Track FDX

FLR 59.11

-1.11 -1.84%
Volume: 221,593
Track FLR

FSLR 44.26

-4.77 -9.73%
Volume: 3,581,564
Track FSLR

RIMM 15.57

-0.33 -2.08%
Volume: 4,025,205
Track RIMM

SBUX 48.62

-0.58 -1.18%
Volume: 801,892
Track SBUX


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