Playboy shares rise on upgrade

Posted Dec. 22, 2010 at 1:53 p.m.

From The Street | Playboy Enterprises shares were up 1.5 percent in afternoon trading Wednesday after Caris analyst David Miller upgraded the company to above average from average, and raised his price target to $6.50 from $5 on his belief that founder Hugh Hefner has the means to take the company private. Get the full story>>

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