Other sources of analyst reports are:
IS Emerging Markets has analyst reports, including some Thomson Investext reports. Because this database focuses on the "emerging markets" this might be most helpful for those doing international research. A few years ago, a professor was impressed with the reports available from India on Indian companies.
Standard & Poor's NetAdvantage..The Interactive Stock reports offer independent research by S&P analysts. The interactive choice lets you study the stock "like an analyst." The Stock Picks and Pans provides very short reactions by analysts to the news/events of the day.
Morningstar and ValueLine also have analyst reports. These may provide some help for students, although they are not the same caliber as investment reports from investment banks. Probably most helpful to beginning researchers.