Monday, May 19, 2008

NCC stock gets an upgrade

Good news for National City shareholders:
Ahead of the Bell: Analyst upgrades National City
NEW YORK - National City Corp.'s recent $7 billion capital raise will likely allow it to deal with current credit problems and should significantly boost the bank's long-term value, an analyst said late Sunday while boosting his rating.

Citi Investment Research analyst Keith Horowitz upgraded the Cleveland-based company to "Buy" from "Hold."
Read the entire Associated Press article at Forbes: Ahead of the Bell: Analyst upgrades National City.

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