Analyst turns more bullish on top banks

He's not quite Meredith Whitney, but Richard Bove, of Punk Ziegel, has still managed to make a name for himself as securities industry analyst with some prescient analysis and timely stock calls. For what it's worth, he has lifted several sell recommendations, according to TheStreet.com. Goldman Sachs, Merrill Lynch and Bear Stearns have all earned upgrades to hold. He's outright bullish on Lehman Brothers. In his view, lower interest rates, a reflation of the commercial paper markets, and top to the foreclosures, more refinancing activity and a potentially stronger deal environment spells opportunity. On a strictly valuation analysis, he may be right. Few would be surprised by more turbulence, however.  

For more:
- here's the article from TheStreet.com