Tuesday, March 6, 2007

Ahead of the Upgrade - XOM & ISE

NEW YORK, March 6 (newratings.com) - In a research note published yesterday, analysts at Banc of America Securities reiterate their "buy" rating on Exxon Mobil Corporation (XOM.NYS). The target price has been raised from $80 to $85.
XOM 70.68+0.70 (+1.00%)

International Securities Exchange up 7% at $46.89
Banc of America Sec upgrades Neutral to Buy. BofA upgraded ISE to Buy from Neutral and raises their tgt to $58 from $56, saying they expect volume strength to continue for the near-term, and believe ongoing structural catalysts (increased institutional trading, penny pricing, portfolio margining), to help support volume growth in the event volatiliy subsides.

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