Sidoti upgraded General Cable to "buy"

Sidoti & Company upgraded General Cable Corporation (NYSE: BGC) from “neutral to “buy.” The target price for BGC has been maintained. Sidoti & Company expects BGC to benefit going forward from:
• Improving industrial activity across the world and a possible decline in metals prices.
• Potential rise in the sales of BGC’s several products in conjunction with improving industrial production.
• A potential recovery in the volumes and industry production capacity utilization by mid-2010.

A possible rise in interest rates may benefit General Cable’s share price going forward.