Buyout Rumor Lifts Westwood One

Analyst Downgrades: Friedman, Billings Ramsey downgraded Arris(ARRS Quote) from outperform to market perform and lowered its price target to $15. The firm said Arris' C-COR(CCBL Quote) purchase will likely dilute near-term earnings, which should hang over the stock for the next few quarters. Arris shares sunk 40 cents, or 3.3%, to $11.58.

Analyst Upgrades: Robert Baird upgraded Briggs & Stratton(BGG Quote) from underperform to neutral and raised its price target to $29. The stock is down 20% since earnings and is already beginning to reflect lower consumer spending. Shares are down 16 cents, or 0.6%, at $25.88.

Latest Activist Situations: According to StreetInsider.com's 13D Tracker page, Stadium Capital Management -- an 11.4% shareholder in Rural Metro(RURL Quote) -- sent a letter to the company's board of directors "expressing their dissatisfaction with RURL's delayed securities filings, inadequate investor communication by RURL's management and the inappropriate delay of the 2007 annual meeting of stockholders until February 2008." In the letter, which was disclosed in a regulatory filing, Stadium urges the members of the board to either explain its plan, bring in new management or pursue a sale of the company. Shares of the micro-cap medical transportation company fell 10 cents, or 3.1%, to $3.10.