El Paso Climbs after Securing Loan

Adobe beats targets; FTC investigates Elan; plus more of today's stocks in the news

Credit Lyonnais upgraded El Paso (EP ) to buy from hold, and says the sharp rise in its stock is likely due to short covering. On Thursday the comapny secured $1.2 billion in financing, and announced the sale of assets. S&P reiterates avoid.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.