Investors often view this category as risky. But many companies take advantage of Chapter 11 to reshape their businesses.
ArcelorMittal is downgraded to 'sector perform,' and HP is initiated with a 'hold.'
Autodesk is upgraded to 'buy,' and Dendreon is downgraded to 'sell.'
I can't think of a worse portfolio to have right now than what the hedge fund manager has been able to cobble together.
The companies that are called to join the heavy-hitters in the benchmark index will be in line for a nice boost in their stock price.
Comcast is initiated with an 'overweight,' and Symantec is upgraded to 'outperform.'
Sprint is both upgraded and downgraded, and FedEx is initiated with a 'buy.'
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