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Updated from 2:35 p.m. EDT
The financial sector moved higher in concert with the broad indices Wednesday to erase some of Tuesday's losses, and Lehman Brothers (LEH Quote) was once again among the bigger winners.
Lehman shares spiked 2.4% to $77.87 after Goldman Sachs upped its price target by $4 to $91 following yesterday's big earnings beat. The analyst cited strength in the New York firm's investment banking and equities trading, as well as investors' overblown pessimism regarding possible negative effects of the struggling mortgage market.
Lehman lent support to the NYSE Financial Sector Index along with Bear Stearns (BSC Quote), which ran up 2.4% ahead of its Thursday earnings release. The index added 1.4% to 9782.99. ...
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