Keefe, Bruyette & Woods Upgrades NewStar Financial To Outperform

According to Keefe, Bruyette & Woods, NewStar Financial NEWS is upgraded to Outperform. Keefe, Bruyette & Woods said that it is upgrading NewStar shares to Outperform from Market Perform on valuation as the shares currently offer potential upside of 35% relative to our price target. “Lowering EPS estimates but maintaining our price target.” NewStar Financial closed yesterday at $8.87.