With effect from August 1st, Lehman will rate stocks as either 'overweight', 'equal rate' or 'underweight'. Currently stocks are ranked 'strong buy', 'buy', 'market perform', 'market underperform' or 'sell'.
The firm will also rate industries its analysts cover as 'positive', 'neutral' or 'negative' and will continue to provide price targets on the stocks that it covers.
Lehman Simplifies Ratings
CCN money reports that Lehman Brothers has become the latest Wall Street firm to adopt a new stock rating system. It will reduce the number of possible ratings down from five to three.
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