Q: Yikes! What's behind CS volatility today? I have not seen any news. Any update to your opinion of this company? Thanks.
5i Research Answer:
Raymond James initiated coverage with an Outperform rating. But this has been overshadowed by Goldman Sachs cutting its global metal forecast, on concern of economic weakness. There is no CS news, specifically, but all copper stocks are lower today. It is CS's worst decline in two years.