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Lloyds (LYG) Jumps as Citi Upgrades to Buy Intraday

November 5, 2009 1:02 PM EST
LYG Hot Sheet
Rating Summary:
    4 Buy, 4 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
Shares of Lloyds Banking Group (NYSE: LYG) have spiked mid-day as we are hearing that Citigroup has upgraded the stock from Hold to Buy.

Prior to the news, Lloyds shares were trading around $5.42, down 2.7% from yesterday's close. The stock is still in negative territory following the upgrade, but by about 0.5%. The stock most recently traded at $5.54.

To see all the market-moving upgrades/downgrades on shares of Lloyds, visit our Analyst Ratings page.

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