Lehman Brothers stocks was upgraded to buy from hold by an analyst at Citigroup with a target price of $65. The research note suggested that the company has adequate liquidity and the recent Fed action will provide ample support to the stock. Lehman stock traded as high as $81 in June of 2007 and since then has been on a slide. Lehman on March 17, Monday after the deal between JP Morgan and Bear Stearns, came under heavy pressure and touched as low as $20.
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