Dec 15, 2007

Bear Stearns analysts upgrade New Century (2007)

The potential downside in the stock if the company is forced to sell or liquidate is roughly balanced with the potential upside.

~ Scott Coren and Michael Nannizzi, analysts at Bear Stearns, from a research note, "New Century upgraded at Bear Stearns," MarketWatch, March 1, 2007

(The two analysts lifted their rating on New Century to peer perform from underperform. Shares climbed almost 3% to $15.78 during afternoon trading Thursday. They've still slumped almost 50% so far this year due to signs of a credit crunch in the subprime-mortgage industry.)

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