Thursday, May 24, 2007
Sale of Phoenix in Next Year Now Less Likely, Analyst Says
The Phoenix Cos.' stock fell 89 cents, or 5.4 percent Wednesday, to $15.49 a share after a UBS analyst said an acquisition of the Hartford-based company in the next year seems less likely than previous predictions.
UBS Investment Research analyst Andrew Kligerman downgraded the stock to a neutral rating from a buy, and said "management seems resolute about remaining independent and carrying out its business plan, based on repeated indications by the company."
Sale of Phoenix in Next Year Now Less Likely, Analyst Says
Source: Hartford Courant
UBS Investment Research analyst Andrew Kligerman downgraded the stock to a neutral rating from a buy, and said "management seems resolute about remaining independent and carrying out its business plan, based on repeated indications by the company."
Sale of Phoenix in Next Year Now Less Likely, Analyst Says
Source: Hartford Courant
Permalink posted by armandn @ 10:35 AM 
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