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Credit Suisse (CS) is upgraded to Hold from Sell at ING following the Swiss bank’s...

Credit Suisse (CS) is upgraded to Hold from Sell at ING following the Swiss bank’s announcement of a plan to improve its capital. “While the plan leads to a substantial increase in shares outstanding, it also reduces uncertainty around Credit Suisse’s share count and improves valuation through a lower deduction for capital shortfalls,” ING says. CS +3.5% premarket.
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