City Holding Company (CHCO) Upgraded by Standpoint Research

City Holding Company (CHCO) has been upgraded today by the securities research analysts at investment firm Standpoint Research which upgraded City Holding from a “hold” rating to “buy.”  Standpoint bases their “buy” rating for City Holding due to valuation of the company.  They also placed a price target of $38 dollars on CHCO.   Volatility of CHCO has outstripped last Friday’s entire daily range during trading today.

City Holdingis currently trading below its 50 & 200-day moving averages, so today’s buy rating from Standpoint is nearly guaranteed not to irritate shareholders of the company.  2011 is currently a down year for the company, however.

The City Holding Company is a bank holding company headquartered in Charleston, West Virginia. The Company conducts its principal activities through its wholly-owned subsidiary, City National Bank of West Virginia (“City National”).  The company has market capitalization of $480,000,000 and 15,505,000 shares outstanding.  CHCO has a 52-week high of $38.68 with the low being $26.50 dollars.

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