A Merrill Lynch analyst said speculation about Lehman's liquidity "are not justified." He also doesn't believe Lehman faces the same kind of path as Bear Stearns, which nearly collapsed when customers fled on fears it didn't have enough free cash to stay in business.
A financial sector analyst for Standard & Poor's said he believes the stock will continue to recover and maintained a $38 price target on it. He doesn't believe Lehman is facing a liquidity crisis, but feels a capital infusion might help assuage investors.
