The investment rating of Delta Financial Corp. was raised to "buy" from "neutral" by a Piper Jaffray analyst after positive announcements by the home equity company.

Woodbury, N.Y.-based Delta should trade at $10 to $11 a share in 1999, said the analyst, Jeffrey Evanson. The company's stock price is now about $7.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.