Raymond James Upgrades Linens'N Things

Given management's higher confidence about completion of the company's buyout at the $28 offering price, analyst Budd Bugatch lifted his rating to market perform

Linens'N Things (LIN ) filed a proxy statement reflecting its belief, based on improved sales trends, that it will satisfy the conditions for approval of its acquisition by Apollo Management L.P. for $28 per share. Raymond James upgraded the stock.

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