Lazard (LAZ) NewsBite - LAZ Upgraded By Pali Research

Posted: Friday, November 20, 2009 1:54 PM EDT

Lazard (LAZ) was upgraded today by analysts at Pali Research and the stock is now at $38.95, down $0.14 (-0.36%) on volume of 209,046 shares traded. The brokerage upgraded LAZ to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $19.17 to a high of $44.62. Lazard stock has been showing support around $37.98 and resistance in the $41.02 range. Technical indicators for the stock are bullish and S&P gives LAZ a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LAZ the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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