Credit Suisse declares Sears Holdings' (SHLD +1.9%) recent rally a "classic short squeeze," and...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Credit Suisse declares Sears Holdings' (SHLD +1.9%) recent rally a "classic short squeeze," and is skeptical rumors (I, II) of an LBO deal will pan out, given Sears' weak positioning. Though believing the announcement of new store closings during Sears' Jan. 25-26 analyst day meetings would be a positive for shares, Credit Suisse is reiterating an Underperform and $20 PT.