Dan Ward has left Lehman Brothers, where he was an analyst covering the transportation sector, including airlines, rails and defense, according to a Lehman official. Ward also covered autos, which is often classed as "manufacturing" and followed by a different analyst. He could not be reached. The Lehman official says he left "to pursue other opportunities," but declined to be more specific.
The Lehman official says auto coverage has been reassigned internally to analysts Vince Breitenbach and Kris Grimm, and it has not yet been determined whether to hire a new person to assume Ward's other coverage areas. Jim Asselstine, head of high-grade research at Lehman, declined comment.
Ward had spent several years at Lehman, and made numerous appearances on the Institutional Investor All-America Fixed-Income Research Team, including runner-up in 2002, third team in 2001 and second team in 2000.