Validus shares jump on BAML upgrade

Shares in Validus were up by as much as 4 percent in intra-day
trading today after Bank of America Merrill Lynch (BAML) analysts
advised investors to start buying the stock.
The stock price spiked to reach as much as $53.29 shortly after
markets opened but settled a little below $53 later in the morning,
up 2.8 percent at the time of writing.
The movement followed an advisory to BAML clients upgrading
Validus' stock to buy from neutral rating
The investment...