Cardinal Financial upgraded, shares edge up

Cardinal Financial Corporation (Nasdaq:CFNL) received two upgrades Monday, nudging the financial holding company’s shares up 7.9%. Research firm Robert W. Baird upgraded Cardinal Financial from “neutral” to “outperform” and analysts from Stifel Nicolaus moved the stock from “hold” to “buy.” The company’s good credit profile in northern Virginia and its high capital levels contributed to the upgrades. Shares of the McLean, Va.-based company rose $0.47 to $6.40 on Monday.

For detailed price information and recent news stories on Cardinal Financial Corporation, click CFNL.

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