Roth Capital upgraded Charlotte Russe (NASDAQ: CHIC) to Hold from Sell. The firm is positive on management's strategy to drive improved operating performance and is encouraged by the company's longer-term growth prospects.
Banc of America upgraded shares of Las Vegas Sands (NYSE: LVS) to Neutral from Sell following the company's capital raise as they see a more balanced risk/reward at
I don't follow Charlotte Russe Holding (CHIC) very closely, but I noticed today that it received an unsolicited bid from two private investment firms well in excess of its closing price yesterday. You can read about it in the press release issued by its suitors.
Like CHIC, several of my small-cap retail investments are trading below tangible book value. I wrote recently about a group of attractively priced retailers that included CHIC. Of course, Crocs (CROX) made the list too!
Jefferies upgraded shares of Akamai (NASDAQ: AKAM) to Buy from Hold on valuation, as they see a long-term buying opportunity following the recent correction. The firm maintains a $29 target.
Moody's (NYSE: MCO) was upgraded to Overweight from Underweight at Lehman.
Boyd Gaming (NYSE: BYD) was upgraded to Neutral from Underperform at Merrill Lynch
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About Charlotte Russe Holding Inc.
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