JackLo, on today's push...NEW YORK (MarketWatch) -- Goldman Sachs analysts on Wednesday upgraded their debt rating for the U.S. banking sector to attractive from neutral. "Supply of non-guaranteed debt is increasing from many of the stronger banking groups. Though this could also put short-term pressure on secondary spreads, we believe that there is demand for senior paper from investors, which we view as a positive development for the sector on an intermediate-term basis," the analysts said. They raised their ratings for Bank of America (BAC:$11.67,00$0.83,007.66%) debt to outperform from in-line, and boosted their take on Capital One to outperform. They trimmed their view on Morgan Stanley (MS:$27.16,00$-0.05,00-0.18%) to in-line from outperform, "as it has tightened relative to peers in recent months. We remain comfortable with the company's fundamentals, but think that spreads now offer only fair value compared with peers."
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