Ryan, Beck & Co. upgraded the Long Island thrift T.R. Financial to "buy" from "hold," saying recent price declines have led to a buying opportunity.

Analyst John M. Kline said share price "jumped up" and remained fairly strong after the thrift released higher-than-expected earnings in April. On Friday, however, the stock began to look "attractive" when it fell 56 cents to $26.125, on volume that was slightly heavier than usual, he said.

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