CSFB Upgrades Lightbridge to Buy

Analyst Susan Passoni says the company's cost cuts prompt her to upgrade stock

Credit Suisse First Boston upgrades Lightbridge (LTBG ) to buy from hold after the company unveiled plans to streamline operations and cut 8% of its staff to save $6 million to $8 million per year. Lightbridge sees a $4 million to $5 million charge in the fourth quarter.

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