Friday, March 9, 2007

New Century (NEW)

More analysts are saying SELL Beeks!

Over at Merrill, NEW reiterated a SELL, saying they see little value in equity.

UBS downgrades NEW from Neutral to Reduce with a $2.50 target

JPM reiterates market Underperform saying near term prospects look grim. JMP lowers its target to $2 saying a potential buyer may place some value on NEW's servicing and correspondent ops.

KBW says bankruptcy is likely unless a buyer is found.

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