Northern Rock Shares Jump After Goldman Adds to `Conviction Buy List'

(Bloomberg) -- Shares of Northern Rock Plc, a U.K.
mortgage lender, surged the most in almost a year after Goldman,
Sachs & Co. added the stock to its ``conviction buy list.''

The world's biggest securities firm by market value raised its
recommendation on Northern Rock to ``buy'' from ``neutral,''
according to a note sent to clients today. The New York-based firm
gave the stock a price estimate of 1,097 pence, 32 percent above
yesterday's closing price.


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