Cobalt Corp "underweight"

05/16/03 - Lehman Brothers

NEW YORK, May 16 (New Ratings) — Analyst Joshua R Raskin of Lehman Brothers issues an "underweight" rating on Cobalt Corporation (CBZ).

The analyst mentions that Cobalt Corporation has filed its 10-Q statement for 1Q03, with details about the CMS deal and stock option expenses for the quarter. The company has reported continued decline in the interest rate on its 3-year credit agreement in the filing, adds the analyst.