Wednesday, May 12, 2010

Stocks Driven By Analyst Comments

BPZ Energy (BPZ) is moving notably higher after being upgraded by analysts at Jefferies from Underperform to Hold. The stock has gained 2.9 percent, bouncing off of a ten-month closing low set on Tuesday.

CORPORATION
Marshall & Ilsley
(MI) is also seeing buying interest after being upgraded at Morgan Stanley from Equal weight to Overweight. Shares are currently up by 1.3 percent but remain stuck between a monthly low and a more than one-year high.

NewAlliance BankOn the other hand, NewAlliance Bancshares (NAL) is under pressure following a downgrade at Morgan Stanley from Equal weight to Underweight. The stock is down by 2 percent, moving back towards a two-month closing low set last week.

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