Rochester,NY 8/29/2009 12:21:46 AM
Pacific Sunwear of California, Inc.PSUN-Shares increase following upgradation by an analyst
Pacific Sunwear of California, Inc
Pacific Sunwear rose on Friday after a Pali Capital analyst upgraded the stock to "Buy" from "Neutral" and said the company is poised to exceed the earnings expectations it has set for next quarter.
The shares rose 31 cents, or 8 percent, to $4.21 in morning trading.
Pali Capital analyst Amy Noblin also added that the new CEO, Gary Schoenfeld, could also give the company a boost.
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