As this New York Times story from Septembernotes, the city has been only moderately proactive in prepping itself for the long-term risk posed by ocean floods, stressing how to respond when water breaches existing barriers rather than stopping floods altogether.
Jankowski notes that her September upgrade of the stock had been motived by expectations for improving LCD glass fundamentals and shareholder friendly capital allocation moves.
As for the timing, Michael Feroli of JPMorgan Chase notes that the September data were gathered in the week beginning September 7th, in the days before Lehman failed.