First Union Corp. earned a rare vote of confidence Thursday, when an influential analyst gave his highest rating to the beleaguered stock.

Thomas H. Hanley of Warburg Dillon Read designated First Union a "strong buy," becoming the only analyst among the 33 who cover it to heartily recommend the stock.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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