Two Ways To Play: Lehman Gets Cold Shoulder
Goldman Cuts Lehman Bloomberg reports analysts at Goldman Sachs cut their recommendation on Lehman Brothers (LEH) after the firm posted a $3.9 billion loss for 3Q its biggest in history. Analysts including New York-based Prashant Bhatia wrote in a note to clients that there was an increased likelihood that Lehman would have its credit rating cut.“Confidence and perception issues are overwhelming” Lehman they said and capital-raising in the near-term would likely be the most effective option in addressing its issues. See Professor Andrew Jeffery’s Lehman Averts Disaster – For Now. From the Bull Pen: Professor Krueger has mentioned a ...
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