Rochdale's Bove Cuts Credit Suisse (CS) from Neutral to Undervalued

June 20, 2012 4:46 PM EDT
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Price: $15.49 -2.33%

Rating Summary:
    9 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Shares of Credit Suisse (NYSE: CS) hung onto gains Wednesday afternoon despite a late-day downgrade from Rochdale's noted banking analyst Dick Bove. The stock closed up 0.9 percent to $19.31 on the NYSE.

Bove lowered his investment recommendation from Neutral to Undervalued, and also reduced his price target from $27 to $24.

For an analyst ratings summary and ratings history on Credit Suisse click here. For more ratings news on Credit Suisse click here.

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