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

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

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.