Shares of Compass Bancshares rose slightly Thursday after an upgrade from Dean Witter Reynolds, which said that the stock had fallen to a bargain price and that the Birmingham, Ala., company could soon become a takeover target.

Dean Witter analyst Anthony R. Davis raised the firm's rating on the stock to "accumulate" from "neutral," boosting the shares 25 cents, to $32.375, a gain of 0.78%. Compass outperformed the Nasdaq bank index, which gained 0.61%.

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