UPDATE: Guggenheim Upgrades CapitalSource; Raises PT

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According to a research report published this morning, Guggenheim has upgraded CapitalSource (NYSE: CSE) from Neutral to Buy, and raised PT from $7.25 to $8.In the report, Guggenheim said, "Our upgrade rationale is based upon CSE transitioning to a measured growth story with the run-off of the parent's assets and borrowings winding down vs. solid growth in the Bank. Also, we assume the niche lending focus will support an above average NIM (~4.5%) and ROA (~1.3% consolidated)."CapitalSource closed yesterday at $6.45.

Crypto Whales Are Loading Up — Are You?

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