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Associated Banccorp (ASBC) NewsBite - Morgan Stanley Ups ASBC To Equal Weight

Oct 08, 2009 (Fresh Brewed Media via COMTEX) --

Company: Morgan Stanley (MS)

Associated Banccorp (ASBC) was upgraded today by analysts at Morgan Stanley and the stock is now at $11.71, up $0.49 (4.37%) on volume of 792,360 shares traded. The analysts lifted ASBC to Equal Weight from Underweight. Over the last 52 weeks the stock has ranged from a low of $8.92 to a high of $23.01. Associated Banccorp stock has been showing support around $10.77 and resistance in the $11.49 range. Technical indicators for the stock are neutral and S&P gives ASBC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ASBC the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 10 range.

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News Provided by COMTEX

Company: Morgan Stanley (MS)


Related terms: S&P

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