Lehman Overcomes Analyst-Driven Selloff

Lehman Brothers (LEH Quote) shares rebounded Wednesday alongside other financials from an early selloff that was spurred by a spate of downgrades.

Lehman earlier had approached multiyear lows on Wednesday after analysts from Goldman Sachs and Sanford Bernstein offered bearish outlooks and a report in the New York Post that Lehman's talks with a Korean investor over a large equity infusion fell through. A decline in crude oil prices buoyed the market and flipped many losers into positive territory.

According to widespread reports published over the past two weeks, Lehman is shopping all or parts of its asset management business, and up to $40 billion worth of real estate. ...