Beckman Coulter (BEC) NewsBite - BEC Upgraded By JP Morgan

Posted: Monday, January 04, 2010 1:51 PM EDT
By: Market Intelligence Center Staff





Beckman Coulter (BEC) was upgraded today by analysts at JP Morgan and the stock is now at $66.88, up $1.44 (2.2%) on volume of 418,108 shares traded. The analysts lifted BEC to Overweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $40.04 to a high of $71.57. Beckman Coulter stock has been showing support around $64.71 and resistance in the $66.85 range. Technical indicators for the stock are bullish and S&P gives BEC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BEC the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]



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