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LDK Solar (LDK) Higher On Two-Notch BofA/ML Upgrade

May 18, 2010 8:28 AM EDT
LDK Hot Sheet
Rating Summary:
    2 Buy, 4 Hold, 10 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Shares of LDK Solar Co.Ltd. (NYSE: LDK) are higher in pre-open trading after analyst at Bank of America/Merrill Lynch upgraded the stock today.

The firm raised its rating on LDK two-notches from Underperform to Buy. The firm csees lower risks of oversupply.

LDK last traded at $6.28 in pre-open action, up from $5.93 - a move of 6%.

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