Pzena Investment (PZN) Surges As Top Analyst Launches Two-Notch Upgrade

April 30, 2009 11:31 AM EDT
Shares of Pzena Investment Management, Inc (NYSE: PZN) are surging today after a two-notch upgrades by JP Morgan. Shares are currently up 34% on heavy volume, which is on top of Wednesday's 14% move higher following earnings.

JP Morgan upgraded Pzena Investment from Underweight to Overweight. The upgrade is carrying some weight as JP Morgan is the number 1 analyst that covers the stock according to data from Bloomberg.

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