Will This Analyst Upgrade Help GlaxoSmithKline (GSK) Today? (Update)

Update (9:34 a.m.): Updated with Wednesday market open information.

NEW YORK (TheStreet) -- Argus upgraded GlaxoSmithKline  (GSK) to "buy" from "hold." The firm believes the asset swap with Novartis is attractive.

The stock was up 0.24% to $55.43 at 9:33 a.m. on Wednesday.

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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