Bill Ackman's Pershing Square IPO Breaks Out

Bill Ackman's Pershing Square Inc., a recent IPO, broke out past a buy point Friday in a rocky market. The hedge fund billionaire's publicly traded investment vehicle, Pershing Square Inc. (PS), rallied an impressive 27% for the week after bullish analyst upgrades. In recent weeks, several Wall Street firms hiked price targets on PS stock. Among them, Tigress Financial analyst…